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Agricultural Innovation Fund

The Innovation Fund for Agriculture finances investments to support the implementation and development of innovation projects related to increasing productivity in the agriculture, fisheries, and aquaculture sectors.

Giuseppe Di Lorenzo
Giuseppe Di Lorenzo · 20 2023
The measure promotes the dissemination of the best available technologies for digital business management, the use of machinery, robotic solutions, sensors, and 4.0 platforms and infrastructures for:
- water saving;
- reduction of the use of chemical substances;
- the use of by-products

Who is it for

Single or associated SMEs, including cooperatives and their associations registered in the business register with the qualification of, may access the Agricultural Innovation Fund:
  • agricultural enterprise;
  • fishery enterprise;
  • agromechanical enterprise


What it finances

The Agricultural Fund finances investments in technological innovation for an amount of not less than 70,000.00 Euro and not more than 500,000.00 Euro.

Eligible costs concern:
1. Purchase of machinery, tools and equipment for agriculture. In particular:
a. machinery, including driving and operating machinery;
b. tools and devices for loading and unloading, handling, weighing and automatic sorting of parts;
c. automated lifting and handling devices;
d. drones;
e. Automated Guided Vehicles (AGV) and flexible conveying and handling systems, and/or equipped with part recognition;
f. equipment for treatments with phytosanitary products and for the spreading of fertilizers;

2. Purchase of non-road mobile machinery for agriculture and livestock farming;

3. Purchase of machinery and equipment for livestock farming characterized by a high level of technology and automation, such as:
a. machines whose operation is controlled by computerized systems or managed through appropriate sensors and actuators;
b. machine tools and plants for the production of products through the transformation of materials and raw materials;
c. in-process monitoring systems to ensure and track the quality of the product or the production process and which allow the production processes to be qualified in a documentable manner and connected to the factory information system.

4. Purchase of agricultural tractors that fall within the scope of Regulation (EU) No 167/2013, with Stage V engine.


The incentive

The Fund provides two types of incentives:

- non-repayable grant

- financing with Ismea guarantee



For agricultural SMEs, the grant is:

- up to 100,000 Euro: 48.75% (60% for young people);
- from 100,001 to 200,000 Euro: 42.25% (52% for young people);
- from 200,001 to 300,000 Euro: 35.75% (44% for young people);
- from 300,001 to 500,000 Euro: 29.25% (36% for young people).


For agromechanical SMEs, the grant is:

- up to 100,000 Euro: 95%

- from 100,001 to 200,000 Euro: 90%

- from 200,001 to 300,000 Euro: 80%

- from 300,001 to 500,000 Euro: 70%


*the de minimis regime must be considered for the latter



The ISMEA guarantee (not applicable to agromechanical SMEs) covers financing up to a maximum of 95% of the total investment value, and the guarantee intervenes up to 80% of the requested financing

.

Submission of the application

The opening date of the ISMEA portal for the submission of applications is set for November 27, 2023, at 12:00 PM.

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