Doing Business

Doing Business in Mexico 2015

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25 Doing Business in Mexico 2015 Science and Technology incentive The National Council of Science and Technology (CONACyT) is the governmental entity in charge of promoting Research and Development of Technology (R&D) in Mexico; thus, it has been operating several programs with this purpose, such as the "Program to Incentive Innovation". This national program summons micro, small and medium enterprises (MIPYMES), big companies and individuals with business activity, duly registered in the RENIECYT (CONACyT's internal registry) with R&D projects focused on the creation of specialized jobs, green ideas, competitiveness, innovation and added value. The most important issues to consider related to this Program are: • Due date to file application: For 2015, the period is expected to open in September • Companies will be able to request financial support for the projects developed during the current business year. It is important to consider that this support is subject to budgetary guidelines. • Maximum amount of support per company $36 million pesos. • In addition to the information requested in the application, companies must have a feasibility study, a plan of activities and an annual and per project budget, a strategy for the appropriation of the intellectual property and copyright, a description of the impact and benefit derived from the project, as well as an action plan for the exploitation of its results. Schemes and characteristics The application could be filed under three schemes: • INNOVAPYME: Focused on the technological innovation of high added value for R&D projects filed by micro, small and medium size companies (MIPYMES), with an important impact on their competitiveness. Projects connected with research centers or universities will have priority. • PROINNOVA: Focused on the development and innovation of precursory technologies for R&D projects which are filed by MIPYMES or by large companies in a network that is integrated at least by one company and two research centers and/or universities. • INNOVATEC: Technological innovation for the competitiveness of R&D projects filed by large companies which cause productive chains regarding research and development of technology's activities, and which bring about the investment in infrastructure (foundations and human resources) as well as the creation of new specialized jobs. Such projects which demonstrate connection with Centers of Research and/or Universities, will be given of priority. Earnings Refer to Chapter 17 for information on the taxation of dividends and remittance of earnings. 4

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