
Moldova will launch a program to support digital innovation and technology startups
Within its framework, technological startups will be able to use grants of up to 500 thousand lei. At the same time, the grant amount will be able to cover up to 80% of the project costs, 20% will have to be covered by the beneficiaries. The program will cover three directions - digital innovations, green technologies and sustainable production. Grants will be given to start-ups in the following fields: ICT, digital media, manufacturing, education, health, financial services, creative industries, e-commerce, recycling. The program will be administered by ODIMM and will be funded from the state budget, foreign aid and private investment. Digital innovations currently account for more than 3.1% of Moldova's GDP. At the same time, despite the high attention of the authorities to this industry, its potential is not fully exploited and more than 80% of IT companies in Moldova work on outsourcing, offering solutions for foreign companies. Creation of financial support mechanism for digital innovation will contribute to the development of local IT market, develop export of IT products and services and increase the added value in related industries. Consultations on the draft program are until January 14: https://cutt.ly/sUXwT2v. // 05.01.2022 - InfoMarket.