The loan for technological innovations is an EU funding support instrument to improve innovation and competitiveness of micro, small and medium enterprises.
It is meant for technology projects, which involve implementation of a new technology. The new technology may be the result of in-house research and development (R&D) or R&D contracted from third parties. The technology should enable production of new or significantly improved products, processes and services on an enterprise scale and provide conditions for their production.
The loan for technological innovations can provide non-repayable support in the form of a technology bonus, which is awarded by Bank Gospodarstwa Krajowego (BGK) for partial repayment of the loan granted by Bank Millennium. The amount of the technological bonus depends on the amount of eligible expenditure of the project and the level of support resulting from the "Regional support map for the years 2014-2020". It can reach up to 70% of the qualified expenses for micro and small enterprises and 60% for medium enterprises. The bonus applies only to qualified expenses incurred after the date of submitting the co-financing application to BGK.
Timetable of submitting the co-financing applications:
- application start – 15 October 2019
- application end – 24 June 2020 until 4 p.m.
- announcement of the competition on 18 May 2020
- start of call for proposals – 1 June 2020. The competition will be implemented in 7 rounds:
- Round 1: 1-30 June
- Round 2: 1-30 July
- Round 3: 31 July – 31 August
- Round 4: 1-30 September
- Round 5: 1-29 October
- Round 6: 30 October – 30 November
- Round 7: 1-30 December
- High amount of project co-financing up to 70% of qualified project expenses with consideration of the Regional Support Map for the Years 2014-2020.
- Part of the loan may be repaid with EU money in the form of the technology bonus granted by BGK.
- Partial payment of the technology bonus can be made already after completion of 25% of planned qualified project expenses.
- Expansion of the range of products, processes or services for sale.
- Increase of innovation and production quality and the ensuing improvement of competitiveness of the company.
- Increase of the company’s potential by co-operating with R&D establishments.
- Increase of the company’s investment demand in innovation and R&D.
- Positive impact of the project on development of the region, in which it will be done.