Iberopasta

INCENTIVE SYSTEM PROJECT

Project nº: 14593

Total cost of the project:
€ 5 241 147,25

Total eligible cost:
€ 3 611 670,47

EU financial support:
€ 2 167 002,28

Project Overview:

SI-PT2020

In September 2015, Iberopasta applied for the Portugal 2020, concerning the Incentive System for Business Innovation measure within the scope of the Competitiveness and Internationalization Operational Program, supported by the ERDF, with the thematic objective of strengthening the competitiveness of the Portuguese small and medium-sized enterprises.
In April 2016, following the approval of the submitted application, project no.14593 was launched, which includes an eligible investment of around € 3,611,670 that will have a refundable ERDF incentive of € 2,167,002.

The project foresees the construction and implementation of a new, state-of-the-art and innovative technology plant in Portugal, which together with the formation of a highly qualified team, will privilege high standards of product versatility, automation, and productive and energy efficiency. By investing in product innovation, the project includes the creation of a range of products that will combine traditional pasta with innovative compositions and characteristics, resulting from R & D processes to be developed with national SI&I entities. The project also foresees the launch of a new brand, which intends to be associated with a range of products of excellent quality and innovation.