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Innovation financing mechanisms

COINOV

Program objective

Support collaborative innovation between businesses and research organizations by facilitating the sharing of skills and resources.

 

Financial benefits

COINNOV is a fund dedicated to Research, Development, and Innovation that:

  • Provides technical and financial support in the form of grants.
  • Target 40 innovation projects developed and implemented by companies in cooperation with a service provider (private or public).

Website : https://smartcapital.tn/coinnov/

Federated Research Projects (PRF)

Program objective

PRFs aim to mobilize expertise and create synergies between research structures (laboratories and research units) and socio-economic partners, whether public or private, including companies, specialized organizations, associations, and others, with a view to providing concrete solutions to specific issues related to the country's socio-economic development.

 

Financial benefits

Annual funding for a maximum period of four years (one installment per year) is granted.

Il servira principalement pour :

  • Acquire scientific equipment
  • Cover operating costs
  • Cover the costs of running and monitoring the network
  • Employ support staff and students

Research Results Valorization Projects (VRR)

Program objectives

    • The development of prototypes of new systems designed in research facilities or the substantial improvement of a system, process, device, or product.
    • Promoting the transfer of research results from research institutions to the productive system.

Financial benefits

Funding may cover the following items:

  • Equipments
  • Maintenance and servicing costs for equipment acquired as part of the project
  • Consumables
  • Subcontracting costs
  • Documentation and fees for using national and international database networks
  • Travel and accommodation in Tunisia for members of the research team

Financial support in the form of equity capital for entrepreneurs starting businesses

They are intended to support the creation of innovative businesses by financing certain stages of the innovation process. This category includes the following instruments:

  • The Industrial Promotion and Decentralization Fund “FOPRODI”
  • The Incentive Scheme for Creativity and Innovation in the ICT Sector “RIICTIC”
  • The “IKDAM I” and “Phenicia Seed Fund” seed funds
  • Venture Capital Investment Companies “SICAR”
  • The United Nations Industrial Development Organization UNIDO
  • German Development Cooperation GIZ
  • The World Bank