INNOVATION: WHICH SUPPORT TO LOOK FOR?

In their report on „Financing Business Innovation“, the World Bank Group Trade & Competitiveness differentiates three different phases of the innovaiton cycle during which companies and innovative researchers may require financial support:

> Phase 1: Knowledge Creation and Idea Generation

Phase 2: Prototype Development and Market Demonstration

Phase 3: Commercialisation and Scaling-up

SUPPORT FOR PHASE 1:

The financial support available for knowledge creation and idea generation typically includes:

R&D tax incentives (please see your local chamber of commerce for guidance)

R&D grants and other instruments to finance technology adoption and research-industry collaboration.

For R&D grants and other support to technology adoption and research-industry collaboration, please check out the following local and European sources:

Europe: 

European Commission Horizon 2020

International Science Foundation

For an overview of all EU Funds see the latest EPRS Report

Morocco:

General Confederation of Enterprises of Morocco (CGEM

Federation of Farming Enterprises (FEA

National Agro-Food Federation (FENAGRI

National Federation of Negociants in Cereals and Vegetables (FNCL

National Federation for Renewable Energies (FENELEC

Tunisia:

Portal for Tunisian Industry

Centre d’Innovation et de Dévéloppement Technologique

Programme PMN (Material Support for Research)

Programme PCAM (Enterprise Support)

Algeria:

National Agency fort he Valorisation of Research Results and Technological Development (ANVREDET)

Ministry for Higher Education and Research (DGRSDT

 
 

SUPPORT FOR PHASE 2:

The financial support available for prototype development and market demonstration typically includes :

Business angels in your particular country and region (please see your local chamber of commerce for guidance)

Crowdfunding

Pre-commercial procurement, see Tenders Electronic Daily (http://ted.europa.eu) for Europe as well as corresponding local public services in your country

For further local information and consultation, please contact:

Morocco : http://www.cgem.ma

Tunisia : http://www.tunisieindustrie.nat.tn/fr/home.asp

Algeria : http://www.anvredet.org.dz

 

SUPPORT FOR PHASE 3:

The financial support available for commercialisation and scale-up typically includes :

Venture capital

Stock market

Bank debt

Specialist finance providers and other sources

For details please see your local banks and or chambers of commerce for guidance.

 

Additional information