Awards

The purpose of the subvention is to encourage the development of new projects in new or existing enterprises in order to increase their productivity and competitiveness. Except in the case of start-up projects, companies must have one or more employees at the time of application (employees). The benefiting companies belong to incentive sectors, such as industry, construction, tourism, commerce, transport and services.

This action, promoted by the General Direction of Economic Promotion of the Government of the Canary Islands, is part of Axis 3rd to improve the competitiveness of small and medium enterprises, which aims to encourage the development of business initiatives, small and medium enterprises and microenterprises and the promotion of entrepreneurship.