Each region (Flanders, Brussels and Wallonia) has its own YIC provisions. If the statutory requirements are met, companies can benefit from various employment and R&D subsidies.
In general, companies may be eligible for YIC subsidies if they:
- are considered "small" (fewer than 50 employees, turnover or balance sheet total of less than EUR 10 million);
- have existed for less than 6 years;
- have invested at least 15% of their operating costs in R&D for at least one year within the three-year period preceding the YIC application; and
- can demonstrate, through independent expert reports, that they are likely to develop, in the foreseeable future, goods, services or techniques which are technologically new or represent a substantial improvement compared to existing goods, services or techniques.
The application procedure for YIC subsidies will vary from one region to another and involve regional agencies or authorities (IWT in Flanders, Innoviris in Brussels, and the Gateway to Research and Technologies in Wallonia).