IVF & AVI – Research and development


Granting of subsidized financing for innovation projects developed by companies whose registered office, establishment or branch of production or activity development is based in the Valencian Community.


Business initiatives that are eligible for this subsidized financing must consist of Investment or Research and Development Projects, which either offer solutions to the challenges identified as preferred by the specialized strategic committees of the AVI, listed in Annex I of this Call , or they are intended to bring to the market R + D + i results, obtained from projects previously approved in support programs of the AVI or other national or international public bodies, within the framework of public R + D + i calls.

Characteristics of the loans.

  1. The nominal value of the loan will be between 50,000 and 5,000,000 euros, without being able to exceed 80% of the amount of eligible eligible expenses.
  2. The repayment term of the subsidized financing shall be between a minimum of five years and a maximum of ten years, with the possibility of a period of lack of capital amortization of up to two years, included in that period.
  3. In the operations granted under this Call, no commissions for opening or canceling loans will be applied, without prejudice to the provisions of art. 22
  4. Loans will be amortized for overdue quarters.
  5. The guarantees will be considered sufficient at the discretion of the Institut Valencià de Finances.
  6. The administrative intermediation margin of the IVF is set at 1.25% (1%, if the operation meets the eligibility criteria required by the European Investment Bank in the framework of the financing granted by said agency to the IVF), and the promotional premium for this financing line is set at 3.75%.

Likewise, it is established that the reference interest rate of the interbank market is the one-year EURIBOR interest rate, with a minimum value equal to 0%.

The interest rate of the loan will be determined by adding the EURIBOR interest rate to one year, with a minimum value equal to 0%, and the expected loss of the operation, which will depend on the credit quality of the applicant, the size of the company, the guarantees provided.

Application date.

Until December 31, 2019.

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