IFIC — Financial Instrument for Innovation & Competitiveness (Instrumento Financeiro para a Inovação e Competitividade)

IFIC, short for Instrumento Financeiro para a Inovação e Competitividade, is the grant-facing part of Banco Português de Fomento’s PRR work under Componente C5. It was created under Portaria n.º 286/2025/1 and is used to publish non-repayable calls for innovation and competitiveness in Portugal. The record ties it to reindustrialisation, AI adoption in SMEs, defence and security, and agriculture modernisation. The support range in the record runs from €5,000 to €25 million, with a 20% match requirement. Calls are issued as individual Avisos on the SIGA-BF portal, not on BPF’s main site, and the route is meant for Portuguese-based applicants. At the time of capture, most 2025 calls were already closed, while the agriculture modernisation call remained the main open window. The same platform also sits alongside capital products, but this record is the non-repayable side. Applicants do best when they match a specific Aviso quickly and present a concrete investment plan that fits the PRR rules. Because the calls are separate, timing matters as much as substance, and the strongest cases are the ones that already know which policy lane they belong in. A project that can connect innovation spending to reindustrialisation, SME AI adoption, or agricultural modernisation has the cleanest route through this structure.

Each grant below is a distinct funding opportunity with its own eligibility, scope, and deliverables.