Machine tool manufacturers will be able to receive up to 30 million rubles for the development of new products under the "Development-Machine Tool Industry" competition. Applications were opened on February 16, according to the Innovation Promotion Fund website. The competition is held jointly with the Ministry of Industry and Trade.
The competition focuses on the development of CNC metal-cutting machines and machining centers, the creation of components for machine tools and industrial robots, as well as the production of critical tooling products.
Among the conditions of participation are non-budget co-financing in the amount of at least 15% of the project cost, as well as total revenue for the last three years not lower than the requested grant amount. The term for research and development work (R&D) will be 12 or 18 months from the date of signing the contract.
Companies that already have experience in bringing high-tech solutions to the market and are ready to implement projects to create new samples of machine tool products will be able to apply for support.