This development represents a very positive development for the entrepreneurial fabric of Spain, since, as José Bayón, CEO of ENISA, commented, “the most important thing is that companies have the money as soon as possible, because six months is a lifetime for a start-up company and there are projects that without that initial funding can fall by the wayside”. Hence, one of its greatest challenges was born, to accelerate the times.
In addition to this, ENISA aims to guide Spain in the challenges of innovation and social impact, therefore, some of the areas that will be most interesting for the following exercises will be: energy, climate change, digitalization, urban mobility and demography.
Results for 2018
Last year, a total of 534 loans were granted for a total amount of 74.5 million euros. Specifically, for the young entrepreneurs line, 92 loans were granted with a total endowment of €5,240,000, for the entrepreneurs line, 77 loans were granted accumulating a total amount of €14,121,000 and, finally, in the SME or growth line, 365 loans were given with a total investment of 55,134,000€. Regarding geographical distribution, the autonomous community with the highest percentage of loans obtained was Catalonia (38% - 28,372,000€), followed by the Community of Madrid (28% - 20,481,000€), the Valencian Community (9% - 6,427,000€) and Andalusia (7% - €4,962,000).
Los main sectors of 2018 were represented by the ICT, which accumulated 36% of loans and 35% of total investment and manufacturing industry, which achieved 11% of the approved loans and 13% of the total investment.
What is ENISA?
ENISA stands for the National Innovation Company. It is an agency dependent on the State that has lines of funding for startups and SMEs in the initial stages of growth or consolidation.
The funding is conditioned on the fact that the company makes or has recently made a capital contribution equal to or greater than the requested aid.
In this regard, ENISA has 3 lines of funding different:
ENISA Young Entrepreneurs: Funding line for newly established startups and SMEs (applicant companies cannot be more than 24 months old), which have been founded by young entrepreneurs (up to 40 years old). Through this aid, ENISA addresses the investments required by the business project in its most initial phase. The minimum amount that can be requested is €25,000 and the maximum amount is €75,000.
ENISA Entrepreneurs: Funding line aimed at supporting startups and SMEs during the early stages of the life of their project. This, unlike the Young Entrepreneurs line, does not include age limitations for your application. The minimum amount that can be requested is €25,000 and the maximum amount is €300,000.
ENISA Growth: Funding line offered to support innovative startups and SMEs that want to expand their business or achieve competitive improvement. The minimum amount that can be requested is €25,000 and the maximum amount is €1,500,000. All grants are in the form of a participatory loan and their main characteristic is that it does not request personal guarantees from entrepreneurs.
ENISA data to date
+ of 5,900 disbursed loans+ of 5,400 financed companies+ 910 million euros invested
