Aid for R&D geared to a new generation of e-signature services
07/28/2006
In June, the CDTI (Centre for Industrial Technological Development), a public business organisation attached to Spain’s Ministry of Industry, Tourism and Commerce and which works to help Spanish companies enhance their level of technology, approved aid for netfocus. The aid in question is to be repaid without interest and is for a project involving research and development geared to a new generation of electronic signature services.
The outcome of the project will enable netfocus to position its range of technologies related to electronic signatures among the most advanced on the international market. Along with other state-of-the-art features, the new generation of digital signature services is set to introduce semantic processing to signing and electronic signature verification processes, causing information systems to behave "intelligently" where electronic signatures are concerned, on the basis of an awareness of the circumstances involved in the act of signing (powers of the signatories, meaning of the signature, liability taken on, etc.).
The aid provided by the CDTI, for a sum of €662,084.40, covers 60% of the project’s total budget.
The CDTI appraises and finances R&D projects undertaken by companies, regardless of the sector in which they operate and their size, provided that the projects in question entail the creation of or an improvement to a production process, a product or a service. The financing that the CDTI offers companies takes the form of interest-free loans with lengthy repayment terms, generally covering between a minimum of 40% and a maximum of 60% (as in the case of netfocus) of the total budget of a project.