Enisa is a public instrument, attached to the Ministry of Industry, Energy and Tourism; dedicated to supporting and promoting innovative business projects. It offers financing for entrepreneurs, through participatory loans. In today's article, we will focus on one of its 5 lines of funding, specifically: Enisa Digital Entrepreneurs.
What is Enisa Digital Entrepreneurs?
Enisa Digital Entrepreneurs is a funding line with the objective of supporting and promoting women's digital entrepreneurship projects and reducing the gender gap. This support is independent of the phase in which the company is in (growth, consolidation or internationalization) and the sector they are framing.
It offers Participatory Loans of between 25,000 and 1.5M euros to promote technological and innovative business projects led by Women. The budget for the period between 2021-2023 amounts to 51 million euros. In 2021, the first part of the budget was channeled; the first 17 million euros were allocated, and 55 operations were finally approved for 9.5 million euros. The rest of the budget for the Enisa Digital Entrepreneurs line will be allocated to 2022 and 2023. This line is very similar to those of Enisa for Technology-Based Companies (EBT), with the added component that projects have women in leadership positions.
Beneficiaries of the aid
Participatory loans will be able to obtain Business Projects Led by One or More Women. As we have mentioned before, the phase in which the company is in is independent.
Projects in which at least one woman holds a position of leadership or power within society, whether in the shareholding, in the management body or as part of the management team, are considered to be eligible to be beneficiaries.
Main conditions of Enisa Digital Entrepreneurs
- The minimum loan amount is €25,000 and the maximum is €1,500,000.
- The applicant company must be a startup or SME promoted by one or more women. The woman or women of the team must hold a position of leadership or power within society, through shareholding and being part of the management team.
- Interest rate: a first tranche with Euribor +3.75% and a second tranche with variable interest depending on the company's financial profitability, with an established maximum limit of 8%.
- Commissions: Opening commission of 0.5% of the capital granted
- Expiration: The amortization of the loan is up to 9 years, including the grace period that lasts up to 7 years.- For the granting of the loan, no additional guarantees will be required than those of the business project itself.
Main requirements
- Have a registered office in Spain and carry out the main activity.
- To be an SME, in accordance with the EU definition, with its own legal personality.
- The presented business project must be both technically and economically viable and have a novel, innovative business model or with clear competitive advantages,
- The company's own funds must be at least equivalent to the amount of the loan.
- Those companies receiving a loan worth more than 300,000 must have audited, externally, the financial statements of the last closed financial year.
- The applicant company must show a balanced financial structure and professionalism in its management.
- The accounts for the last closed financial year must be submitted, which have been deposited in the Mercantile Registry or in another appropriate public registry.
- Companies whose activities correspond to the real estate and financial sectors are excluded.
Deadline for submitting applications
Although the line is open continuously 365 days a year, it is recommended to submit the application at the beginning of the year, since the commission evaluates projects based on the order of arrival.
Unlike the other Enisa lines: Enisa Young Entrepreneurs, Enisa Entrepreneurs And Enisa Growth, the Enisa Digital Entrepreneurs line, does not depend on the state's general budgets, so companies that are going along this line are having faster application and analysis deadlines than in other lines.
How to apply for Enisa Digital Entrepreneurs?
In order to apply for aid, you must fill in all the fields of the public entity's digital platform, in addition to preparing a report and financial projections on your business project. If you have never been familiar with Enisa or other public funding entities, it is normal that you have doubts or you want to have a consulting firm that will help you prepare a good application to increase your chance of success in obtaining aid and obtaining the highest possible amount.
At Intelectium, unlike other consulting firms, we operate 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 apply for an ENISA, contact us Hither and receive support to finance your startup through this line.
