Spain: Supporting innovation - EIB provides EUR 100m under the InnovFin programme to finance public sector research in Galicia
The EIB is set to support public sector research in Galicia by providing EUR 100m to finance research, development and innovation (RDI) projects developed by public sector universities in the region. The agreement signed today by EIB Vice-President Emma Navarro and the Finance Minister of the Xunta de Galicia (Galician Government), Valeriano Martínez, will contribute to the implementation of the Smart Specialisation Strategy put in place by the Xunta de Galicia to drive innovation-based economic growth. It will also make it possible to develop patents and keep research talent in the region, helping to safeguard almost 900 highly qualified RDI jobs.