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Internationalisation Voucher
Published on 29 March 2018
Portugal
Alentejo
This is the good practice's implementation level. It can be national, regional or local.
About this good practice
The practice provides funding to simplified internationalization projects aimed at promoting business diagnostics, identifying internationalization opportunities at the level of products/services and associated markets, and appropriate marketing strategies, namely by enabling evolution in the value chain, including technical assistance to enable the immediate implementation of marketing decisions and initial exploration activities in external markets.
The expenditures considered eligible for the voucher are:
In the diagnostics of opportunities component, the services related to:
I. Identification of binomial products - services versus markets that represent internationalization opportunities;
II. Product adjustment needs - services and business models (including distribution channels);
III. Diagnosis of opportunities of evolution of the company in the value chain;
IV. Need for adjustments of digital communication strategies.
In the technical assistance component for the implementation of short-term recommendations, services related to:
I. Prospecting visits and attracting new clients in foreign markets;
II. Prospecting visits to international fairs;
III. Invitations to importers' missions for supply knowledge.
The maximum support to be granted is € 15,000 per project and the funding rate is 75% of eligible expenses, a non-refundable allowance.
The expenditures considered eligible for the voucher are:
In the diagnostics of opportunities component, the services related to:
I. Identification of binomial products - services versus markets that represent internationalization opportunities;
II. Product adjustment needs - services and business models (including distribution channels);
III. Diagnosis of opportunities of evolution of the company in the value chain;
IV. Need for adjustments of digital communication strategies.
In the technical assistance component for the implementation of short-term recommendations, services related to:
I. Prospecting visits and attracting new clients in foreign markets;
II. Prospecting visits to international fairs;
III. Invitations to importers' missions for supply knowledge.
The maximum support to be granted is € 15,000 per project and the funding rate is 75% of eligible expenses, a non-refundable allowance.
Resources needed
Each call allocates 250.000€, and during the Regional Operational Program implementation (2014-2017) it is foreseen the opening of one call per semester.
Evidence of success
The practice is a financing mechanism that derives and operationalizes the Regional Operational Program, enabling SMEs to strengthen their internationalization capacity and skills. Is an instrument fully dedicated to increase the SMEs capacity to reach new and foreign markets by providing a direct funding support. Within the period 2014-2017, the GP achieved the following results:
- 50 projects approved
- 700.000€ approved
- 50 projects approved
- 700.000€ approved
Potential for learning or transfer
The short-term approach of the Internationalisation Voucher is the main aspect to underline. It provides the funding that SMEs need to acquire services dedicated to internationalisation, enabling SMEs to strengthen their capacity and skills in a short-term approach. Is an instrument fully dedicated to increase the SMEs capacity to gain knowledge about new markets and to reach them effectively.
Further information
Website
Good practice owner
You can contact the good practice owner below for more detailed information.
Organisation
Commission for Regional Development and Coordination of Algarve
Portugal
Alentejo
Contact
Project Manager