Subsidies: how one word can launch a thousand thoughts.

The dictionary makes it a bit clearer: “a sum of money granted by the state or a public body to help an industry or business keep the price of a commodity or service low”.

HANDOUT OR PROJECT

We look at subsidies to see if it is a “handout” or a “project”, and yes, there is a huge difference between them. If the subsidy aims to keep the price lower for the client, while the cost of production stays high, the subsidy is just a handout.

If a subsidy creates a clear path to a project that allows us to lower the costs for our production, but also creates a lead to an implementation of our solution within a smart city, then we are very interested.

We see those opportunities in several European subsidized projects like TEN-T, CEF, Horizon 2020 and Fast Track Innovation (FTI).

TEN-T PROJECT

Parksen is already advancing with the TEN-T project that aims to upgrade Europe’s infrastructure corridors. This project has a lot of potential for us, as we aim to deliver smart parking accompanied with electric charging stations from our partners.

REACHING OUT TO THE EUROPEAN UNION

We’re now also creating our implementation plans for CEF, FTI and Horizon 2020.

We have been working with Dutch municipalities for several years now, so it makes sense for us to reach out to these EU projects, because it brings us EU institutions as our new clients for our smart parking platform, and it allows us to grow faster within the EU zone.

THE FUTURE OF EU SUBSIDIES

For us the future of using subsidies will always be a project oriented one. Such an approach will ensure that we can lower the costs of production, while also creating new jobs and new opportunities for us to implement our solutions across the European Union.