The MIT (SME Innovation Stimulation Region and Top Sectors, or in Dutch: MKB-Innovatiestimulering regio en Topsectoren) is aimed to stimulate SME-innovation. Various instruments have been organized within the MIT scheme, each with the aim of supporting organisations in achieving the (intended) innovation. The subsidy for a feasibility project amounts to 40% of the eligible costs, to a maximum of € 20,000. The subsidy for an R&D collaboration project amounts to 35% of the eligible costs, with a maximum of € 200,000 per innovation project and € 100,000 per participant.
Organisations that want to use an MIT instrument must adhere in one of the most successful industries, the so-called top sectors. The Netherlands has nine top sectors that are encouraged by the government to remain at top-level position. These sectors are successively:
- Agri & Food
- Life Science & Health
- High Tech Systems
- Creative Industry
Various instruments have been organised within the MIT scheme, each with the aim of supporting organisations in achieving the (intended) innovation. For example, there are MIT feasibility projects, MIT R&D cooperation projects and innovation advice projects. Below we will discuss the two most profitable subsidies in more detail: the MIT feasibility and cooperation projects.
MIT Feasibility Project
Organisations that want to investigate the potential of an innovative idea can apply for a MIT feasibility project. The aim of a such a project is to identify the economic and technical risks of the intended project. The instrument subsidises the pre-development phase. A project must at least consist of a feasibility study, and a limited effort can go into experimental research. Projects are assessed on the basis of a first come, first serve principle, so that the applications that are received quickly have the best chance of being awarded funding. The subsidy amounts to 40% of the eligible costs with a maximum of € 20,000.
MIT R&D collaboration projects
An R&D cooperation project supports SME partnerships aimed at joint development. Parties must bring in complementary skills, hence customer-supplier proportions are discouraged. Applications are assessed based on tender criteria. This means that the grant application is honoured on the basis of a ranking made on the tender criteria. The subsidy amounts to 35% of the eligible costs (including wage costs of € 60 per hour), with a maximum of € 200,000 per innovation project and € 100,000 per participant.
Submission deadlines depend on the instrument. Contact us now to map out the possibilities of your project.