Funding of Innovations

  • 203-1

Given the nature of research and development work and innovation endeavors as well as the relatively high level of risk associated with running this type of ventures, determining the optimal level of the Group’s expenditures and use of, in addition to own funds, available financial resources from domestic and international research programs is an issue of key importance. Currently, 27 subsidized projects are being executed in the Group for the total co-funding amount of nearly PLN 48 million. In 2019 alone, PLN 7.7 million was obtained from external sources to fund innovation projects. At the same time, the TAURON Group is preparing to solicit funds for research, development and innovation initiatives under the new EU financial framework for 2021-2027.

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