Italy's Ministry of Economic Development is planning to provide up to $46 million in subsidies for developing projects across artificial intelligence, blockchain and Internet of Things technologies, starting in mid-to-late September.
The current initial budget is 45 million euros ($46 million). Italian government said that both companies and public or private research centers can jointly apply for relevant subsidies as long as relevant conditions are met.
According to the decree, companies involved in industry and manufacturing, education, agriculture, health, environment and infrastructure, cultural tourism, logistics, information security, the Internet of Things, artificial intelligence or blockchain in aerospace are eligible to apply for the subsidy.
They will receive relevant grants of not less than 500,000 euros and not more than 2 million euros.
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