Funds for new technologies
Funds for new technologies

The Ministry of Productive Development launched the Trust Fund for the Promotion of the Knowledge Economy (Fonpec), which will allocate 230 million pesos to strengthen the national industry of knowledge-based products and services.

The background begins with a initial contribution from the National Treasury, to which the contributions made by registered companies as beneficiaries of the Regime for the Promotion of the Knowledge Economy, which are calculated in proportion to their size, between 1 and 3.5 percent of the total benefits received as a discount to earnings and reduction in employer contributions. To these resources are added donation income and funds provided by national, provincial, international organizations or non-governmental organizations.

Those who benefit from the actions and programs arising from the Fonpec They do not have to be registered in the Regime for the Promotion of the Knowledge Economy and they can be companies or human persons. Also, this semester will begin to hold open calls on different topics, promoted with the resources of the fund.

The objective of Fonpec is to finance training and education activities at the federal level; support productive investments; finance working capital; promote the development of environmentally sustainable companies, and encourage the international commercial insertion of companies, productive innovation activities and new ventures: “We are going to help all companies, especially small and medium-sized ones, to carry out more innovation, have training , they can export to new markets, and even create new companies ”, affirmed María Apólito, Undersecretary of Knowledge Economy.

More knowledge

The Knowledge Economy Law It was conceived to establish a policy to promote economic activities that apply the use of knowledge and the digitization of information supported by advances in science and technology.

In recent weeks, the Ministry of Productive Development announced various measures in order to promote this industry in order to obtain goods, or provide services that improve the conditions of the productive matrix.

On the one hand, it will grant Non-Refundable Contributions (ANR) of up to 50 million pesos and credits at a subsidized rate for a maximum amount of 150 million pesos for projects that consolidate activities framed in the Knowledge Economy through the program “Promote Knowledge Economy“. Private, public and mixed companies; universities; technological institutes; business chambers, and other institutions, will be able to present themselves to the different calls focused on specific sectors that make up the Knowledge Economy.

He also presented the project “Río Grande Technological and knowledge city”, Which aims to contribute to the expansion and integration of the production matrix by promoting activities that are developed through the intensive use of knowledge, especially the software, video games and audiovisual production industry through of activities that promote educational, training and training initiatives to encourage community access to the technology industry and services based on the knowledge economy.

The law that frames these measures offers a scheme of benefits, which rewards the creation of national jobs, encourages exports and enhances the growth of a very important sector for the present and future of Argentina. The government estimates that in a decade the companies in this industry will generate twice as much employment as now, up to 500,000 workers, and they will export close to 10 billion dollars per year. In addition, the promotion regime contributes to improving the productive capacity of other productive sectors such as agriculture or industry.

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