Entrepreneurship R+D+I Program

Budget

10M€ for the Emprendetur I+D line and 35M€ for the Emprendetur-Innovative Products line.

Modality

Repayable down payment loan

Payment of aid

Loans will always be paid prior to the completion of the project

Guarantees

The creation of guarantees for 36% of the amount is required as a requirement to be a beneficiary.

Amortization

9 years, with a 7 year grace period

Funding

The company must make or have recently made a capital injection

Modality

Participatory loans

Interest

Applied in two sections. The first tranche will be Euribor + 3.25% and the second will be an additional 6% maximum depending on the company's profitability.

Guarantees

They do not require personal guarantees or guarantees, which makes it much more interesting than a traditional bank loan

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Financing in the form of a loan for innovative projects in the tourism sector. The aid is dedicated to promoting the development of tourism products that improve the competitiveness and profitability of Spanish tourism vis-a-vis the international scene.

Emprendeur is a grant program offered by the Ministry of Industry, Energy and Tourism (MINETUR) to support research and development applied to products in the tourism sector. It has two modalities: Emprendetur I+D and Emprendetur-Innovative Products.

Public aid will finance tourism projects aimed at opening new markets, exporting new products and services, providing differential competitive factors and strengthening the innovative potential of companies in the tourism sector.

What is the objective of Emprendetur I+D+i?

Support and strengthen, with funding in the form of a loan, research and development applied to products in the tourism sector, promote the development of innovative tourism products that improve the competitiveness and profitability of the Spanish tourism sector and provide companies with access to innovative developments for the improvement of their tourism products in order to internationalize them.

What lines of funding do you have?

Two modalities, Emprendetur I+D and Emprendetur-Innovative Products, both aimed at the development and commercialization of innovative products in the tourism sector. The Emprendetur I+D line is aimed at companies with a strong dedication to R&D and values experience in international R&D projects.

What type of funding does the Emprendetur I+D+i Program offer?

Emprendetur I+D+I offers funding in the form of a soft loan with a two-year grace period and the maximum amount of aid, which covers 75% of the bankable cost of the project, with a limit of 1,000,000€. The maximum amortization period is up to 5 years and the maximum grace period is up to 2 years.

Do you require guarantees?

The creation of guarantees for 36% of the amount of the amount is required to be a beneficiary.

Who can benefit from Emprendetur I+D+i?

Companies and individuals resident in Spain. As a condition of economic solvency, beneficiaries must prove at the time of filing their application that the sum of their assets and rights, including claims against third parties, is greater than the sum of their debts increased by 50%.

What expenses are eligible for aid?

a.) Personnel expenses

b.) Costs of inventoriable instruments and material, to the extent and during the period in which it is used for the project

c.) Contract research costs, technical knowledge and patents acquired or obtained by license from external sources at market prices

d.) The compensation for general expenses and their attribution to the project is established at a maximum amount of 10% of the total personnel costs of the project, without the need for justification

and.) Other operating expenses, including material costs, supplies and similar products that are directly derived from the project activity

What are the evaluation criteria for proposals?

a.) Innovative nature of the project. New or organizational product, service or production method (0 to 25 points, 0 to 40 for Emprendetur I+D)

b.) Plan for the exploitation of project results. Business capacity and business activities. Quality of the proposal. Technical viability (0 to 40 points, from 0 to 25 for Emprendetur I+D)

c.) Expected socio-economic impact. Possibilities for regional dynamization. Job creation (0 to 25 points, 0 to 15 points for Emprendetur I+D)

d.) Economic and financial viability of the project. Income statement (0 to 10 points)

and.) Promotion of business participation in international R & D+ I cooperation programs (exclusively for Emprendetur I+D, from 0 to 10 points)

The last published call was in 2016. This line is currently not open but is expected to be reactivated soon.