Recently, the CDTI has published a study on the impact of its funding on the evolution of Spanish companies. The results have been very good: these companies have achieved that 17% of their sales come from new technological developments financed.
Key figures of CDTI funding
During 2012, a total of 1,030 R&D projects that had received some form of funding from the CDTI were completed. The total funding applied to these projects by the CDTI was €940M.
In line with the European concern related to the proximity of technological developments to the market, the CDTI has analysed the impact of its funding programmes on companies. In 2012, 94% of the projects have been considered a commercial success by the promoter companies and the weight of sales generated by the project has a positive evolution in the first two years of life in the market (11% and 17% respectively).
"In the new European programmes of the Horizon 2020 The approach to the R&D&I market is highly valued, requiring a business plan in the presentation and a commercialisation approach," explains Diego Gutierrez, an expert in alternative financing, at Abra Invest.
Who are the beneficiaries of CDTI funding?
The main recipients of CDTI aid are companies with fewer than 250 employees, and they are also the ones that obtain the best results according to the aforementioned report. Another relevant aspect is the presence of companies in sectors with a high or medium-high technological component (40% of the total number of projects), a feature that is lacking in the Spanish SME fabric in general.
The chemical and pharmaceutical industry, the food industry and equipment and machinery manufacturers have received 33% of the projects. Technical services, engineering and testing, metal product manufacturers and IT services also have a strong presence.
In terms of regions, Catalonia leads the ranking with 22% of projects, followed by Madrid with 14% and the Basque Country with 13%. In most regions, the weight of SMEs is greater than that of large companies, except in some regions, such as Madrid, which is the usual destination for multinational headquarters.
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