We concluded our series of posts on how to get public funding. As we have seen, we have established three types of companies, which, by their nature, will access these grants differently:
- High-potential startups that innovate in the business model but not in technology, to which we dedicate the first part of this series.
- Startups whose business model focuses on exploiting significant technological innovation. We dedicate the Second part from the series to these companies.
- Companies with already developed businesses, who want to expand through the development of new technology, which we are going to talk about below.
Companies with already developed businesses, who want to expand through the development of new technologyIn the case of companies that are in the third group, the options of obtaining public funding are multiplied if they invoice reasonable amounts (greater than 1 million euros per year) and have a solid financial situation. These companies can apply for loans Enisa Competitiveness or Enisa Expansion, with amounts that can reach 1.5 million euros, as well as PID (if the balance sheet structure is solid, the CDTI you can approve a guarantee exemption of up to 250,000€ and guarantee the remaining amount through a bank). In addition, these types of companies can easily access a loan Innacto, There are other, more complex alternatives for these companies, such as FEDER Interconnect Or the Inprint, but both grants are initiatives that only finance large integrated industrial research projects, of a strategic nature and large dimension, that allow the development of novel technologies in future technological areas with an international economic and commercial projection. In any case, funding instruments change every year, both in terms of their objectives and the requirements that they require companies to participate. Therefore, to obtain credit of this type, the ideal is for new companies to go to a consultant who has the capacity to guide them and help them design a real global funding strategy (private capital + public capital) and that it is also responsible for its execution, while entrepreneurs focus their efforts on finding the best staff, developing the product, testing it among their clients, making the necessary changes to improve the level of Engagement and Traction, and, above all, to sell.
