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Get rewarded for innovation: MIT R&D Collaboration Projects subsidy

Last week, we’ve introduced the MIT Feasibility Projects subsidy to you. This time, you’ll hear about another side of the coin: the MIT R&D Collaboration Projects subsidy. If you’re an innovator working together with others to develop or renew various products, services or production processes, then we would definitely suggest that you go and apply for this subsidy, as this subsidy is made for entrepreneurs like you!

“Tell me more about the MIT R&D, I’m listening!”

This subsidy, just like the MIT Feasibility Projects one, will only be available starting next year again. However, this doesn’t mean that you can’t prepare your subsidy application in advance! So let’s get to it. What is it that you need to embody to get this subsidy successfully?

  1. We mention this time and again: to get this subsidy, you’ll need to be an SME entrepreneur. So if you’re a freelancer reading all these subsidy articles and counting how many times you wouldn’t be eligible, give it up and start up a BV (a ‘private company’, in Dutch)!

  2. You must submit this subsidy application on behalf of a partnership, meaning that you need to work with another SME to get this subsidy

  3. Together with your partner, you need to work on developing/renewing products, production processes or services

  4. The project that you and at least one other SME are working on must consist of an industrial research and/or experimental development.

“What about the numbers behind the MIT R&D?”

As an innovative entrepreneur looking for a good subsidy that would help them make smart financial planning choices, you surely are interested in the numbers game that the Dutch government is playing. If you like how the subsidy sounds so far, but aren’t entirely sure whether there’s an annoying “but” in the way, read on and see for yourself:

  1. In the MIT R&D Collaboration Project, the costs and the contributions per SME need to be fairly distributed, meaning that one SME may not be responsible for more than 70% of the project costs, for example

  2. Only the costs made by the SMEs are able to be covered by this subsidy

  3. The MIT R&D Collaboration Project needs to last for a maximum of two years

  4. You and your SME partner(s) could get up to 35% of the subsidy-eligible costs covered; this is the case for both smaller and larger R&D projects

  5. For smaller R&D projects, the subsidy amount could vary between €50,000 and €200,000 and for larger R&D projects, you could get between €200,000 and €350,000.

“I’m all in! I want to get rewarded! Where’s the Apply button for this subsidy?!”

Now that you’re all excited and convinced that you’ll apply for this subsidy, it’s time to arrange a coffee meeting with us. Let’s get to know each other and talk about your motivations, your SME partner, your stakes and visions for a successful future! If you’d rather give us a call instead though, ring this number then. Because since this subsidy only opens for applications on June 11th 2020 (9AM), there’s loads of time to get to know each other and plan ahead to get the most out of this subsidy. So send us your project- and business-plan, we can’t wait!

 

Do you want to ask Marketa, the author of this article, any questions or do you have any remarks? Contact me here and/or reach out to me on LinkedIn!

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