La CDTI PID line It is a partially refundable aid, with a duration of between 12 and 36 months, that is, a current loan with a non-refundable tranche (similar to a non-refundable grant).

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Any company can be a beneficiary of funding, as long as it is an innovative company capable of developing a disruptive project. The percentage of non-refundable tranche is assigned according to the characteristics of the project and the beneficiary and may vary between 20% and 33%.

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‍It offers a Advance payment of 35% of the amount for the disbursement of the aid granted with a limit of 250,000 euros, and the rest of the aid is disbursed in tranches and depending on the milestones defined in the undertaking. As an alternative to the 35% down payment, companies can request bank pre-financing to have the aid granted in advance or to have a guarantee from the ICO. In the case of projects co-financed by the Technology Fund, an advance of up to 70% can be granted.

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Criteria for evaluating CDTI-PID proposals

• Scientific-technical quality of the proposal and degree of innovation.
• Technical and financial capacity of the company to carry out the project.
• Company capacity to Exploit the results.
• Potential market of the developments to be carried out.
• Impact on the internationalization of the company's activities.
• In the case of projects in cooperation, complementarity and balance of the consortium.

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Are guarantees required for the CDTI-PID line?

They do not require additional guarantees for the granting of funding. However, as a result of the economic and financial evaluation, financial conditions may be requested (mainly security in the form of personal guarantees and/or bank guarantees or Mutual Guarantee Companies, capital increases and/or participatory loans), on which the granting of the loan will be conditioned CDTI.

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In the most favorable case, when the project is led by an SME and a high score is achieved in the technical section, these guarantees are reduced by up to 25% by applying the concept of reduced guarantees. To this end, the project budget should not exceed 500,000 euros in the case of small businesses and 1 million euros in the case of medium-sized companies.

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What is the minimum amount of the CDTI-PID budget?

The minimum amount is 175,000 euros for individual projects, and 500,000 for consortium projects (with a minimum participation of 175,000 euros per company). In addition, the interest rate of the loan is Euribor +0% and if it is negative, its value will be considered as 0). As for type of amortization and grace period of the loan, has a term of 7 to 10 years, counted from the center of gravity of the project, which is calculated based on the duration of the project and the amount of budgetary milestones. The first reimbursement is made 3 years after the project's center of gravity, with a minimum of 2 years from its completion date.

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What expenses can be included in the CDTI-PID budget?

• Instruments and equipment
• Personal
• Outsourcing
• General expenses (between 25 and 30% of personnel expenditure)

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How to submit a PID?

If you don't have time or want to increase your chances of success in receiving funding from CDTI PID. At Intelectium we specialize in funding for innovative startups and SMEs and we can relieve you of all the work involved in preparing, applying and managing them to get PID help. Unlike other consulting firms, we work 100% successfully, meaning that we are at risk and we only charge when the entrepreneur obtains funding. If your company meets these characteristics and you want to request a CDTI PID, contact us hither and receive support to finance your startup through this line.