Global Innovation Line

Objective.

Financing investment projects in innovation and incorporation of innovative technology for the growth and internationalization of companies that develop their activities in Spain, both in facilities located in Spain and abroad. These projects involve the incorporation and adaptation of technologies to adapt to the requirements of new markets, improve the competitive position of the company and generate additional added value.

In any case, although the investment project may mean the internationalization of the company’s activities, it must ultimately strengthen the value-added activities that

they are carried out in Spain and can not suppose a relocation of an activity that the company develops in Spain.

Beneficiaries.

Small and medium enterprises (SMEs) and medium capitalization (midcaps). Investments made abroad can be carried out through joint ventures provided they consolidate accounts with the Spanish company or through subsidiaries, branches and establishments abroad.

Bankable items.

 Acquisition of new fixed assets related to the innovation that is to be implemented.

 Hiring of external services and subcontracting

 Audit expenses.

Characteristics of the help.

Minimum budget of the project: 667,000 euros.

Maximum budget of the project: 10,000,000 euros.

Duration of the project: maximum 24 months.

Modality and financing conditions.

Loan of up to 75% of the total fundable budget. The full financing of the project must be assured.

Interest rate: the interest rate will be calculated loan to loan, taking into account the characteristics of the operation and the beneficiary after an analysis carried out by the CDTI.

As an example, a loan with a medium collateral, for a company with a “good” solvency rating, the final interest rate would approach Euribor + 100 basis points and in

In the case of a “satisfactory” rating, the final interest rate would approach Euribor + 220 basis points.

Repayment period: 7 years.

Guarantees: Guarantees from financial institutions with sufficient solvency will be requested by the CDTI for 50% of the loan, and may reach 100% according to the economic-financial analysis carried out by the CDTI.

Advances: 25%, 50% or 75% of the loan up to a maximum of 4 million euros without additional guarantees to those already required.

Disbursement: after the certification of the unique milestone of the project, having to present a previous audit of expenses.

Application date.

Until December 31, 2018.



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