The increase from the 80% that had been financing to the entirety is part of the new financing conditions adopted by the European Commission due to the Covid-19 crisis.
The incubator linked to the blue economy sector is being developed subsidized with funds granted by the Pluriregional Operational Program of Spain Feder 2014-2020 “A way of making Europe” through the Incyde Foundation of the Chambers of Commerce
The Cádiz Free Trade Zone will receive, from the Feder Funds, 100% of the cost of the high-tech incubator included in the Base Zone project that will be installed on the old Ibérica Aga plot in the outer industrial area of the Cadiz capital. The extension of the subsidy from 80% of the project to the entire project means that the Free Trade Zone will not have to face more than 600,000 euros that it had to co-finance according to the previous conditions.
The Zona Base business incubator linked to the blue economy has an investment of 3,150,000 euros and is being developed subsidized with funds granted by the Pluriregional Operational Program of Spain Feder 2014-2020 “A way of making Europe” through the Incyde Foundation.
The good news of the increase in aid has reached the Free Trade Zone today through the Incyde Foundation of the Chambers of Commerce and is part of the new financing conditions adopted by the European Commission due to the Covid-19 crisis, after the work carried out by the General Directorate of Community Funds during all these months. Within the framework of the measures adopted, the European Commission has approved an increase in the co-financing rate of projects up to 100%.
It must be remembered that the delegate of the Free Trade Zone, Victoria Rodríguez, publicly presented in March, very shortly before the State of Alarm decreed by the Government, the project and the subsidy obtained, together with the director of Feder Projects of the Chamber Foundation, Natalia Vázquez
Both explained details of the project that will convert this area of the city of Cádiz into a Center for Innovation and Technological Expansion with the high-tech incubator, a pioneer in Andalusia, as the starting signal for the novel project.
In fact, the Zona Base incubator is proposed as an instrument for the promotion of innovation and technology transfer specialized in the Blue Economy sector, although it will also include other technological and logistical sectors that will be complementary.
The users of the incubator, who will have a support ecosystem of which different institutions and companies will be part, will opt for services such as mentoring, exchange programs, advice for public and private financing, events or scientific forums, among other actions.
Precisely within the framework of these activities linked to the Zona Base incubator, the Ocean Hackathon 2020 is being developed, an international scientific event related to the sea that will be held in Cádiz in October and that will turn the Cadiz capital into an ideation laboratory for the participating teams that will have to develop, through technology and different variables and scientific data, those proposals and challenges of greatest interest for the protection of the oceans.