IFD takes on the financial management of the Innovation, Technology and Circular Economy Fund
IFD was awarded the financial management of the Innovation, Technology and Circular Economy Fund, created by the Decree-Law No. 86-C/2016 of 29th of November 2016.
The stimulus to creativity and innovation in all domains is essential to boost the successful response to social, economic and environmental challenges. In this context, the support to the transition to a circular economy, aiming at increasing the usefulness and value of resources, allows the economy to become more efficient and productive in the use of available resources and, therefore, more competitive.
The reduction of consumption of raw materials through increased efficiency will result in an increase of the available resources for investment, job creation and production expansion, also contributing to the preservation of environmental capital and services.
Within the Program of the XXI Portuguese Constitutional Government, and in compliance with the Council of Ministers Resolution No. 84/2016, of 21st of December which approved CITec – Empower the Portuguese Industry Program, the Innovation, Technology and Circular Economy Fund complements other existing national funds with objectives and financing sources related to activities in this domain.
The text of the Decree-Law may be consulted here (in Portuguese only).
Porto, January 04th, 2017