Andorra Business has announced the allocation of one million euros to support ten research and development projects within the country. The majority of these initiatives focus on health and biotechnology, reflecting a growing interest in this funding line compared to the previous year.
In 2025, there were 12 applications submitted, with five receiving approval. This year, the number of applications surged to 30, although only ten projects ultimately secured funding. The current budget for this initiative is double that of the previous edition.
“We had companies here in Andorra, but these projects were being developed abroad due to better incentives. We believe Andorra should be able to support them here and retain the intellectual property,”
Regarding the distribution of funds, half of the total amount will be allocated to health and biotechnology projects, including one from the company Cimera. Additionally, 30% of the funding will be directed towards new technology initiatives, while 10% will support the construction sector. The remaining funds will be divided among education, business services, and industry projects.
“We have the four pillars: construction, which has one project; health, with several projects as well,”
To assess the applications, criteria such as the projects' potential impact on the Andorran economy and their technical and economic viability were taken into account. In parallel, the government plans to increase resources allocated for economic diversification. After investing five million euros last year, the budget for 2027 is expected to rise to eight million euros.
