Partnership Agreement Portugal 2020: A Guide for Business Owners
As a business owner in Portugal, you may have heard of the Partnership Agreement Portugal 2020. This agreement is a strategic document designed to promote economic, social, and territorial cohesion in the country. It aims to support the development of various sectors, including education, research, innovation, and entrepreneurship. In this article, we will provide an overview of the Partnership Agreement Portugal 2020 and its benefits for business owners.
What is the Partnership Agreement Portugal 2020?
The Partnership Agreement Portugal 2020 is a funding mechanism co-financed by the European Union and the Portuguese government. It provides financial support to businesses, organizations, and public entities to carry out projects that contribute to the economic and social development of the country.
The funding is distributed through various programs that target specific sectors such as research and development, innovation, employment, and social inclusion. The Partnership Agreement Portugal 2020 is expected to provide over €25 billion in funding between 2014 and 2020.
What are the benefits for business owners?
The Partnership Agreement Portugal 2020 offers many benefits for business owners in Portugal. Here are some of the main advantages:
1. Financial support: Business owners can apply for funding to support their projects and initiatives. This can include research and development, innovation, investment, and job creation.
2. Improved competitiveness: By investing in projects that promote innovation and technological development, business owners can improve their competitiveness in the market. This can help to attract new customers and increase sales.
3. Business growth: With the financial support provided by the Partnership Agreement Portugal 2020, businesses can invest in new products or services, expand their operations, and enter new markets.
4. Access to networks: Business owners who participate in the projects funded by the Partnership Agreement Portugal 2020 can benefit from networking opportunities and partnerships with other organizations and companies.
How to apply for funding?
To apply for funding under the Partnership Agreement Portugal 2020, business owners must submit a project proposal that meets the eligibility criteria of the available programs.
The application process involves several stages, including the submission of a pre-application form, the evaluation of the proposal by a technical committee, and the signing of a partnership agreement between the applicant and the funding authority.
The funding is provided in the form of non-refundable grants, repayable loans, and financial instruments such as guarantees and equity. The amount and conditions of the funding vary according to the nature and objectives of the project.
Conclusion
The Partnership Agreement Portugal 2020 is a funding mechanism that offers many benefits for business owners in Portugal. By providing financial support for projects that promote economic and social development, the agreement can help businesses to grow, improve their competitiveness, and access new markets. If you are a business owner in Portugal, we encourage you to explore the funding opportunities available under the Partnership Agreement Portugal 2020 and take advantage of this valuable resource.