MIT stands for Innovation Stimulation Top Sectors. A MIT feasibility project consists of a feasibility study or a combination of a feasibility study, industrial research, and/or experimental development. These activities are essential for technological innovation and are often supported by governments, tax incentives, or other financing mechanisms. The costs of the MIT feasibility project must consist of at least 60% of costs for the feasibility study. The subsidy can amount to a maximum of €20,000. The allocation of the subsidy is based on a ‘first come, first served’ principle, meaning applications are assessed in the order they are received. Therefore, it is important to apply for this subsidy in a timely manner. Often, we see that the budget is exceeded on the first application day. All applications received on that day are compared with each other.
Did you know that there is also a MIT R&D collaboration program?
This is specifically for SMEs that form a partnership and focus on the development or innovation of products, production processes, and/or services. We can certainly assist you with this as well.
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