Financial support: The Agency for Innovation by Science and Technology distributed about 300 million euros annually in subsidies. The grants went primarily to innovation studies, innovation and R&D projects submitted by small and medium-sized enterprises and large companies, universities, colleges and other Flemish innovative players; either individually or jointly. Part of the budget was distributed by the agency itself through its own support programs. For the remaining part, the agency acted as an intermediary: the preparation, monitoring and financial management was done by the agency in the name of the Flemish Government.
