Neotec 2024 aid program

The “NEOTEC” Program (NEW BUSINESS PROJECTS FROM INNOVATIVE COMPANIES), managed by the Center for Industrial Technological Development (CDTI) , has opened the 2024 call , with a total budget of 20 million euros in the form of subsidies, of of which 5 million are protected exclusively for projects led by women.

The purpose of this program is to finance the start-up of new business projects , which require the use of technologies or knowledge developed from research activity and in which the business strategy is based on the development of proprietary technology and in the intensive domain of scientific and technological knowledge, thus contributing to entrepreneurship and accelerating the transfer of knowledge from public research organizations and universities.

Within the framework of the call, and in line with the action initiated in 2022, access to specialized training may also be promoted, which will be provided by the "Enterprise Innovation Institute" of the University of Georgia (USA), to reinforce the training of companies and their possibilities of success in the market.

SPECIFIC OBJECTIVES

Financing the launch of new business projects that require the use of technologies and knowledge developed from research activity and in which the business strategy is based on the development of technology.

Prioritize with a greater intensity of aid those proposals that include the hiring of people with a doctorate degree, in order to reinforce the capacity for generating and absorbing knowledge in companies.

Strengthen support for business projects led by women, to promote equality in entrepreneurship in technology-based companies.

The aid may be used for business projects in any technological and/or sectoral field. However, business models that are mainly based on third-party services, without the development of their own technology, are not suitable for this call.

The costs derived from the start-up of a new business project of innovative companies will be financed, provided that they are included in the business plan and are necessary for its development.

BENEFICIARIES

• Innovative small businesses
• Three years of seniority maximum.
• Minimum share capital: €20,000

PROJECT CHARACTERISTICS

• Minimum financeable budget for the action: €175,000.
• Innovative small business
• Annual or multi-annual actions. Start on January 1, 2025 and end no later than December 31, 2025 (annual) or 2026 (multi-year)
• Possibility of accessing a course at the "Enterprise Innovation Institute" at the University of Georgia (Atlanta, USA) to reinforce the company's training. The amount of aid may be increased up to 10,000 euros in actions that request this training, and meet the requirements indicated in Annex II of the call.

FINANCABLE CONCEPTS

• Investments in equipment.
• Personal expenses.
• Materials
• External collaborations/advice (including expert report or external auditor certification, accrediting the character of an innovative company).
• Other costs: rentals, supplies, fees and licenses, expenses for applying for and maintaining patents and other industrial property rights, insurance and expenses derived from the auditor's report (maximum €2,000).
• Also promotion and dissemination expenses, as well as training expenses.

CHARACTERISTICS OF THE AID

Non-refundable subsidy . Maximum intensity: 70% of the action budget. Maximum aid: €250,000/beneficiary .

Actions that include the hiring of at least one doctor , in the terms provided in Annex I of the call, may be financed up to 85% of the eligible budget of the action, with a maximum subsidy amount of €325,000/per beneficiary.

Possibility of accessing a course at the "Enterprise Innovation Institute" at the University of Georgia (Atlanta, USA) to reinforce the company's training.

SUBMISSION DEADLINE

Open from 04/10/2024 until 05/10/2023 at 12:00 noon, peninsular time.