TECHNOLOGY CREDIT ? LET'S CONQUER THE CRISIS TOGETHER.
Future Value Group operates on the basis of civil law agreements with commercial banks granting technology credit, recommended by BGK ? in support of the transfer and diffusion of technology for Polish enterprises.

Legal basis: The Act of 30 May 2008 on Certain Forms of Support for Innovation (Dz. U. from 2008 No. 116, Item 730). Measure 4.3 IE OP.
Objective: to support investments in the implementation of new technologies by granting SMEs technology credit with the possibility of partial payment from the Technology Credit Fund in the form of technology bonus
Budget: 409 850 588 EUR for 2007 - 2013
Who can apply: micro, small and medium-sized enterprises
Funds available per enterprise: up to 4 million PLN
Qualified expenditures:
a) purchase, under market conditions, of new or used fixed assets,
b) rent or lease of fixed assets,
c) expansion of existing structures, buildings, machines and equipment,
d) installation and start-up of machines and equipment,
e) purchase or lease of intangible and legal assets.
Granting institution:
Bank Gospodarstwa Krajowego (technology bonus), commercial banks granting technology credit. Starting in 2009, BGK will become the Implementing Institution for measure 4.3 of the Operational Programme Innovative Economy ?Technology Credit?. Currently, Technology Credit functions on the basis of new principles.
Pursuant to the Act of 30 May 2008 on Certain Forms of Support for Innovation (Dz. U. No. 116, Item 730), enterprises implementing new technologies will be able to get funds from the Technology Credit Fund in the form of a technological bonus. The amount allocated for this purpose for 2007-2013 amounts to 409 850 588 Euro (currently over 1.7 billion PLN). 200 million PLN have been allocated for the year 2009. Support of enterprises consists of a technological bonus in the form of a repayment of part of the technology credit granted by a commercial bank. Enterprise's own assets must constitute at least 25% of the costs of the qualified technological investment financed by technology credit.
Who?
Companies with headquarters in the Republic of Poland (individuals ? place of residency) qualifying as a micro, small, medium-sized enterprise in compliance with Commission Regulation (EC) No 800/2008 (PDF) who are creditworthy.
What for?
Financial support is designated for the implementation of technological investments, aimed at a purchase and implementation of a new technology in use in the world for no more than 5 years, on the basis of which new or significantly improved products, processes or services will be offered. Technology credit may not be granted for a purchase, lease or rent of a fixed asset in which new technology has been implemented which is funded through a technological investment.
Qualified expenditures:
1) purchase, under market conditions, of new or used fixed assets, including structures, buildings and their parts, if at least five years have passed from the year of their completion ? excluding transportation assets purchased by an enterprise in the transportation industry;
2) rent or lease of: fixed assets, if the agreement specifies the commitment of the credit-taker to purchase the fixed asset at the passing of the rent or lease period; land, buildings or structures, if it will last for at least 3 years from the end of the technological investment;
3) expansion of an existing structure, building, machines, equipment qualifying as a fixed asset
4) installation and start-up of machines and equipment qualifying as a fixed asset
5) purchase or lease of intangible and legal assets, if the lease agreement specifies the enterprise's commitment to purchase them at the passing of the lease period, which: qualify as assets in compliance with the Act of 29 September 1994 on Accounting; which will be used or remain exclusively as property of the enterprise where technology credit financing investment has been implemented for at least 3 years from the end of the technology investment, which were purchased from third parties at a market price, are subject to amortization in compliance with the Act of 29 September on Accounting. Fixed assets must be related with one another in function and be used to achieve the goal defined in the technology credit agreement. In what amount?
The share of technological bonus in the value of the qualifying costs incurred from the technology credit funds is set in accordance with the upper limits defined by the regional aid map (Act of 13 October 2006, Dz. U. No. 190, Item 1402).
Amount of funding acc to the aid map. Expenditures, in order to qualify for funding, must be incurred after the date of granting of the technological bonus by BGK. Technological bonus will be paid out in one rate or in tranches (once per three months, at the most frequent) in the amount corresponding to the net value of the sales of goods or services achieved as a result of the technological investment, however, no more than 4 million PLN.
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ATTENTION! Commission Regulation (EC) No 800/2008 of 6 August 2008 declaring certain categories of aid compatible with the common market in application of Articles 87 and 88 of the Treaty (General block exemption Regulation) (Official Journal L 214 , 09/08/2008) introduces changes regarding the Commission Regulation (EC) No 70/2008 of 12 January 2001 on the  application of Articles 87 and 88 of the Treaty having regard to the aid for small and medium-sized enterprises (Official Journal L 10, 13/01/2001), which include exclusions for which regional aid has no application. The above situation, according to the Office for Competition and Consumer Protection, regards terms of granting aid for pre-implementation work, college studies, expert opinions, concepts and technical projects necessary for the implementation of a new technology, as mentioned in Article 10 Sec. 6 of the Act of 30 May 2008. on Certain Forms of Support for Innovation (Dz. U. No 116, Item 730). Due to the probability of inconsistencies with the Commission Regulation (EC) No 800/2008 in regard to granting aid for the abovementioned expenditure categories, these expenditures will not be eligible for funding. PROGRAMME'S IMPLEMENTING INSTITUTION
IE OP's Managing Institution is the Ministry of Rural Development (MRR).