Compete 2030: New Support to Boost Portuguese Companies
The Compete 2030 programme is launching new support aimed at strengthening the competitiveness, sustainability and resilience of Portuguese companies. This announcement therefore represents a significant milestone for the country's business fabric, offering a range of incentives designed to promote business growth and innovation on several fronts.
Broadening Horizons in Various Sectors
On the one hand, Compete 2030 covers a broad spectrum of support aimed at satisfying a variety of business needs. From productive innovation to the qualification of human resources, internationalisation and the transfer of scientific and technological knowledge, the proposed incentives meet the most pressing challenges faced by national companies.
Focus on Innovation and Competitiveness
In addition, the Business Competitiveness Incentive System (SICE) stands out with a remarkable 320 million euros. This effort is divided into two main segments: support for productive innovation, both in low-density territories, with 100 million euros, and in other territories, with 220 million euros. This effort reflects a clear commitment to strengthening the competitive position of Portuguese companies, encompassing both more rural and urban areas.
Promoting Training and Development
On the other hand, the Human Resources Qualification Incentive System (SIQRH), with an allocation of 60 million euros, emphasises the importance of training and skills development. This support essentially aims to improve workers' skills, preparing them adequately to face the challenges of the current and future market.
Stimulating Internationalisation and Innovation
In addition, the Collective Action Support System (SIAC), which provides 25 million euros for internationalisation, qualification and knowledge transfer initiatives, seeks to expand the horizons of Portuguese companies. This incentive fosters an environment of collaborative innovation, which is crucial for the strategic development of companies.
Protecting and Valuing Innovation
In addition, the Research and Development Incentive System (SIID) offers 4.6 million euros for the protection of intellectual and industrial property. This measure ensures that innovations generated within the country are duly registered and protected, thus encouraging more investment in research and development.
A Strategic Look to the Future
Finally, the series of notices announced by Compete 2030 until April 2024 opens up a unique window of opportunity for Portuguese companies. By taking advantage of this support, organisations will not only be able to improve their processes and products, but also strengthen their position in both the national and international markets.
To summarise, Compete 2030 not only introduces new support but also reaffirms its commitment to the continuous and sustainable evolution of the Portuguese business fabric. This collaborative effort between the government and the private sector is key to ensuring that Portugal remains a fertile environment for innovative and competitive businesses on the global stage. Read more here.
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