Implementation of innovative process in Install Engineering SV Ltd.

The project proposal aims to increase the innovation activity of Install Engineering SV Ltd. in the areas of smart specialization, referred to in the Innovation Strategy for Smart Specialization (ISSS) and is aimed at the implementation of an innovative process for efficient storage, transformation and distribution of solar energy, falling within the priority axis "Clean technologies with a focus on transport and energy (storage, saving and efficient distribution of energy, electric vehicles and eco-mobility, hydrogen-based models and technologies, waste technologies, technologies and methods to include waste production materials in other production)" in the thematic area "Mechatronics and Clean Technologies" of the ISSS, and representing a novelty to the world/European market. The proposed project innovation is based on a Technological line for efficient storage, transformation and distribution of solar energy, developed as a result of the Ramp;D activity of the applicant, for which there is a filed application for registration of a utility model. The project will be implemented in an existing business site of the company in Plovdiv region (South Central Region) and it includes the following activities: Acquisition of new equipment necessary for the introduction of the innovative process, as the acquisition costs for tangible fassets are envisaged under Element A "Investments" in regime "Regional investment aid under Art. 13 and Art. 14 of Commission Regulation (EU) 651/2014" and they are related to the capacity expansion of the company's existing business site. The main expected project outcome is the implementation of an innovative process in the enterprise that will lead to increased innovation capacity and competitiveness of the applicant.

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Overview

Status Closed (completion date)
Start date 23 Jan, 2017
End date 19 Nov, 2018
Contract date 23 Jan, 2017
View in UMIS

Financial information

Total cost 1,819,460.00
Grant 999,975.22
Self finance 819,484.78
Total paid 508,929.60
EU participation percent 85.0%

Location