Phase II of the Industry 4.0 initiative will mobilize 600 million euros – Business

Phase II of the Industry 4.0 initiative will mobilize 600 million euros - Business

The second phase of the program, characterized by the government as "transforming", starts next Tuesday in Guimarães.

After announcing yesterday the extension of Tech Visa to companies from all sectors, the Government is preparing to launch Phase II of the Industry 4.0 (i4.0) program. The initiative, inscribed in the National Strategy for Horizon 2030, aims at achieving the goal of a decade of sustained convergence with the European Union. The start of the second phase of the program is scheduled for next Tuesday in Guimarães.

It is estimated that in this new phase the mobilization of investments (public and private) worth 600 million euros over the next two years. In a press release, the Government considers that Phase II is a transformative one, while the first was demonstrative and mobilizing.

With contributions from more than 50 entities, it intends to involve in the several initiatives 20 thousand companies, to train more than 200 thousand workers and to finance more than 350 projects. This phase includes three axes – Generalize, Empower and Assimilate – that gave rise to eleven recommendations and several accelerating measures.

Measures include sharing knowledge, experience and benefits as a way to stimulate the mass transition to i4.0 via Shift 4.0. Measures are also envisaged for the promotion, facilitation and financing of business access to the testing of i4.0 methods and technologies, as well as the support of its scale-up and digital transition, and adequate credit solutions are available.

Launched in 2017, the Industry 4.0 Initiative is based on six priorities: human resources training, technological cooperation, creation of the startup I4.0, financing, investment support, internationalization and legal and regulatory adaptation. The Ministry of Economy states that of the 64 measures contemplated in the launch of the initiative, 95% were executed, covering more than 24 thousand companies and 550 thousand people.

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