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The government has approved a program to support digital innovation and technology start-ups.

The government has approved a program to support digital innovation and technology start-ups.

The purpose of the program is to provide grants for the development and promotion of innovative products. Within the framework of the program, technology startups will be able to benefit from grants of up to 500,000 lei. At the same time, the grant amount will be able to cover up to 80% of the project costs, and 20% of the costs will have to be covered by the beneficiaries. The program will cover 3 areas: digital innovation, green technologies and sustainable production, and grants will be provided to start-ups in the following areas: ICT, digital media, manufacturing, education, health, financial services, creative industries, e-commerce, recycling. The program will be managed by ODIMM and financed from the state budget, foreign aid and private investment. It is worth noting that at present digital innovations form more than 3.1% of Moldova's GDP. Herewith, despite the increased attention of the authorities to this industry, its potential has not been fully utilized, and more than 80% of IT companies in Moldova work for outsourcing, offering solutions for foreign companies. The creation of a mechanism for financial support of digital innovations will contribute to the development of the local IT market, develop the export of IT products and services, and increase the added value in related industries. // 13.04.2022 — InfoMarket

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