2024-03-12 15:27:45
In a business ecosystem as competitive as the current one, the innovation and the technological development They are essential elements to ensure sustainable growth. Some sectors such as the automotive, pharmaceutical or food industries tend to dedicate greater investment in I+D+i.
Despite its advantages, the truth is that this innovative approach usually results in high costs in research, prototype development, quality testing, patent certifications, etc. Many times obtaining aid and subsidies becomes a key strategy to finance this type of projects.
Aid can come from public entities or private investors. In any case, it is important to hire the services of a consultancy such as APTKIspecialized in strategies financing for SMEs and startups.
In this article we will talk about the CDTI aid that can apply for companies with tax headquarters in Spain that develop products or services with a technological and innovation component.
What is the CDTI?
The CDTI (Center for Technological Development and Innovation of Spain) is a public entity established in 1977 and dependent on the Ministry of Science and Innovation. Its purpose is to promote the technological development of Spanish companies.
To achieve this objective, it has launched a series of programs and grants that finance research, development and innovation (R&D&I) projects.
The amounts of the aid are set based on the needs of the project, although they usually cover a minimum amount of €175,000 and a maximum of 85% of the budget.
They can be of three types:
· Subsidies and non-refundable aid.
· Partially refundable aid that is actually low-interest loans with a non-refundable section.
· Aid in the form of risk capital for emerging companies.
Let’s look at some of the programs that are still in effect in 2024.
NEOTEC
Aid aimed at recently created startups with a high technological component.
They subsidize up to 70% of the project with a minimum investment of €175,000 and a maximum investment of €250,000.
This is non-refundable aid, that is, if it is correctly justified, the financing does not have to be returned.
It is more difficult to obtain than other types of financing since the call is competitive and not only the viability of the project is evaluated, it is also compared with those of the rest of the applicants.
CDTI PID – Cervera
It finances R&D projects that involve an improvement in production processes, for example, research or experimental development projects as established in EU Regulation 651/2014.
Up to 85% of the project is financed with a minimum investment of €175,000. The non-refundable section is 33% of the financed amount.
The call is open throughout the year.
CDTI PID (Research and Development Projects)
It subsidizes internal projects of SMEs, regardless of the sector, as long as they imply an improvement in the product or service.
Up to 85% of the project is financed with an investment of no less than €175,000. The unfunded tranche ranges from 20% to 33% with a repayment period of 10 to 15 years.
It is usually granted to solvent companies that can finance the initial costs of starting up the project.
The call is open throughout the year.
HUNDRED
It finances important research and development projects with a minimum investment of 5 million euros.
It covers expenses such as instruments, third-party subcontracting, acquisition of patents or consulting services.
It is usually granted to solvent companies that have been in business for at least 36 months.
The call is open throughout the year.
CDTI Lic (Direct Line to Innovation)
It finances innovative projects that have potential demand in the market, with a short investment recovery time.
Up to 85% of the approved budget is granted with a minimum amount of €175,000.
It has a fixed interest of 0.2% for 4-year loans and 1.2% if it exceeds 6 years.
CDTI Lic – A (Expansion Direct Line)
The objective of this line is to promote the technological development of the most disadvantaged regions of Spain.
Up to 75% of the approved budget is financed from €175,000. The repayment is over 9 years with a fixed interest rate of 1 year Euribor + 1%.
What are the criteria for granting CDTI aid?
The granting of CDTI aid depends on the program to which we link our application, although aspects such as:
· The technical and economic feasibility of the project.
· Its impact on the market and society (projects related to energy transition, smart manufacturing or health technologies are highly valued).
· The experience of the research team.
· The budget (must be reasonable and consistent with the project).
For process CDTI You must prepare a detailed report on the project, its objectives and execution deadlines and submit the application in a timely manner through the portal of this entity. Once submitted, the CDTI will evaluate the project and issue a favorable or unfavorable resolution. They may also ask for additional documentation.
To maximize the opportunities of obtaining these grants, we recommend that you have the help of APTKI since they are specialists in obtaining financing from public organizations such as the CDTI.
Furthermore, if your chances of accessing CDTI aid are limited, they will be able to advise you on other public or private financing options.
Visit the APTKI website for more information or contact one of their experts for initial, no-obligation advice.
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