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Valencia Region Allocates 4 Million Euros in Grants to Support Innovation Projects in Municipalities

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   VALENCIA, 3 May. (EUROPA PRESS) –    The Official Journal of the Valencian Government (DOGV) has published a resolution of the Department of Innovation, Industry, Trade and Tourism, led by Nuria Montes, convening grants, worth 4 million, aimed at local administration to support the development of innovation projects in the municipalities of the Valencia Region. The maximum global budget for this public call, which is part of the Innovative Territories program, reaches four million euros, representing an increase of 14.28% compared to the previous year. The deadline for submitting applications ends on 23 May, with the limitation of one request per municipality, highlighted by the regional administration in a statement. The new call is structured around two lines of grant funding that finance both high-impact R&D&I initiatives and pilot projects driven by local entities and their public sector. In both cases, the distribution of funds is modulated by segments depending on the population, in order to ensure access for both large cities and smaller municipalities. The lines reserved for these localities and medium-sized ones are the ones that concentrate the bulk of the budget to provide greater support for their initiatives. In fact, the intensity of the aid for municipalities with fewer than 50,000 inhabitants ranges between 75 and 95% of eligible expenses, while the contribution to large urban areas cannot exceed half of these costs. In terms of the amount of grants, the program to support the implementation of high-impact innovation projects in municipalities accounts for around 68% of the total funds. The 2.7 million euros allocated will support initiatives with a technological innovative component, which generate significant and lasting benefits for the entire population and aim to improve the quality of life of society and the environment. The remaining 1.3 million will be used to promote the launch of R&D&I pilot projects in municipalities to test on a small scale new solutions that contribute to addressing or satisfying a need affecting the population, whether it is a public service offered by the administration or identifying business opportunities.

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