Agreement Signed Between DDI and Banesto
October 17, 2009 | Levent OZLER
In September, the Minister for Science and Innovation, Cristina Garmendia, and the president of Banesto, Ana Patricia Botin, signed a collaboration agreement between the financial institution and the Spanish Public Corporation for the Development of Design and Innovation (ddi), in which Banesto offers businesses a line of financing for an initial amount € 100M for design projects.
Garmendia pointed out that companies who have been investing in differentiation in all sectors have demonstrated a stronger resistance to the current economic situation.
Specifically, a new report published by the Ministry shows that firms investing in R&D increased the productivity of SMEs by 16% and the value of their exports by 18%, as "investing in innovation significantly improves the competitiveness of our SMEs", as noted by the Minister.
In addition, companies engaged in a systematic investment in R&D generate more employment and are more stable.
This shows that in difficult circumstances, the innovative qualities, which are typical of entrepreneurs, are also a guarantee of success, Garmendia added.
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