SICE - Productive Innovation: Low Density Territories
SICE – Productive Innovation – Low Density Territories is an incentive from the Brazilian government to promote innovation and business competitiveness in regions with low population density. This incentive offers financial and technical support to companies that want to develop innovative projects and/or create new products and services in these regions in order to boost economic growth and employment.
Intervention areas
Operations of an innovative nature that result in the production of tradable and internationalizable goods and services with high added value and a level of national incorporation, which correspond to an initial investment related to the following types of action, are eligible for support:
- The creation of a new establishment;
- Increasing the capacity of an existing establishment;
- The diversification of an establishment's production to products not previously produced in the establishment;
- The fundamental change of the overall production process of an existing establishment.
Innovation projects that aim at one of the following objectives are considered:
• Product Innovation;
• Process Innovation;
• Marketing Innovation;
Geographic Areas
- Low-density territories in the NUTS II regions of the Continent (North, Center, Alentejo and Algarve).
Financing Rate
- Maximum financing rate – 40%;
Base fees:
- 30% medium-sized companies;
- 35% micro and small companies;
Operations located in the Alto Alentejo, Beiras and Serra da Estrela sub-regions:
- 35% medium-sized companies;
- 40% micro and small companies;
Increases:
5% for fulfilling each of the following priorities, up to a limit of 10%:
“Dynamic collective bargaining” – Operations of entities that have dynamic collective bargaining;
“Industry 4.0” – Operations in the Industry 4.0 area, where digital transformation will allow disruptive changes in business models, products and production processes;
“Climate Transition” – Operations in areas that contribute significantly to the Climate Transition objectives;
“SME Capitalization”: 5% to be allocated to operations whose private component is financed mainly by equity.