Can innovation be subsidized?

Can my activities be considered innovation?

This is a question that many entrepreneurs ask themselves. Although innovation is synonymous with novelty, innovating is first and foremost about improving a process, a product or a service. To help us see more clearly, the OECD has published a guide that helps to frame innovation and defines it as follows:

Technological innovation activities are all scientific, technological, organizational, financial and commercial approaches, including investment in new knowledge, that lead or aim to lead to the production of technologically new or improved products and processes.

Why is innovation important?

In today's world, business innovation is an unavoidable necessity. In order to stand out in a highly competitive market, business leaders must strive to innovate. ABV Development is there to help them take advantage of existing financial support measures for innovation or to alleviate their fiscal situation. Our experts work in close collaboration with the three regional innovation financing entities that are VLAIO, Innoviris and SPW Recherche Wallonie.

There are multiple forms of support for innovation (see our innovation-related services):

• Exemption from withholding tax;
• Deduction for innovation income
• Tax credit
• Research and Development Grants
• ...

In a context of economic crisis, any help is welcome, so do not hesitate to contact us.
j.mertens@abv-development.com

0478/66.74.06