Innovation financing mechanisms

COINOV

Program objective

The program aims to support collaborative innovation between companies and research institutions by facilitating the exchange of skills and resources.

 

Financial Advantages

COINNOV is a fund dedicated to research, development and innovation that:

  • Provides technical and financial support in the form of grants.
  • Target 40 innovation projects developed and implemented by companies in cooperation with a service provider (private or public).

Website : https://smartcapital.tn/coinnov/

Federated Research Projects (PRF)

Program objective

Research and innovation programs aim to mobilize competencies and create synergy between research structures (laboratories and research units) and social and economic partners, public or private, whether companies, specialized bodies, associations or others, in order to provide concrete solutions to specific problems related to the country’s social and economic development.

 

Financial Advantages

Annual funding for a maximum period of four years (one installment per year) is granted.

Il servira principalement pour :

  • Acquire scientific equipment
  • Cover operating costs
  • Cover the costs of running and monitoring the network
  • Employ support staff and students

Research Results Valorization Projects (VRR)

Program objectives

    • Development of prototypes of new systems designed within research structures or substantial improvement of a system, process, device or product.
    • Encouragement of the transfer of research results from research institutions to the production system.

Financial Advantages

Funding may cover the following items:

  • Equipments
  • Maintenance and servicing costs for equipment acquired as part of the project
  • Consumables
  • Subcontracting costs
  • Documentation and fees for using national and international database networks
  • Travel and accommodation in Tunisia for members of the research team

Financial Support from Private Capital Dedicated to Startup Founders

This support aims to promote the creation of innovative companies by financing certain stages of the innovation process. Within this category, the following instruments are distinguished:

  • The Industrial Promotion and Decentralization Fund “FOPRODI”
  • The Incentive Scheme for Creativity and Innovation in the ICT Sector “RIICTIC”
  • The “IKDAM I” and “Phenicia Seed Fund” seed funds
  • Venture Capital Investment Companies “SICAR”
  • The United Nations Industrial Development Organization UNIDO
  • German Development Cooperation GIZ
  • The World Bank