2022 NEOTEC Programme

Finance the launch of new business projects which require the use of technologies or knowledge developed from research activities and in which the business strategy is based on technological development.

Innovative small companies.

They must be small companies that are considered innovative companies, as indicated in the Funding Rules (sections 10 and 11 of Annex 1, Order CIN/373/2022 of 26 April).

They must also meet the following requirements:

1. They must not be listed on a stock exchange, except for alternative trading platforms.
2. They must have been set up no more than three years prior to the closing date for the submission of applications for aid under this call, counting from the date on which the company's deed of incorporation was executed, which must be at least six months prior to the closing date for the submission of applications for aid.
3. They must not have distributed profits.
4. They must not have taken over the activities of another company, nor have arisen from a concentration, as defined in Article 7 of Law 15/2007 of 3 July on the Defence of Competition.
5. They must have a minimum share capital, or share capital plus issue premium, of €20,000, paid in full, and be fully recorded in the corresponding registry prior to the submission of the application. For these purposes, the registration date shall be the date of the registration entry.
6. They must be up to date with their obligations to file their annual accounts, both individual and consolidated, where applicable, with the Commercial Registry or corresponding official registry on the date the application was submitted.

For more information, please check the call for applications.

Competitive tendering with submission periods.

From 20 May to 5 July 2022, at 12.00 Spanish peninsular time.

Publication in the Official State Gazette (BOE).

Closed.

Grant

€35,000,000.

Subsidies up to 70% of the activity budget, with a grant of up to €250,000 per beneficiary.

Activities that include the employment of at least one PhD graduate, under the terms set out in Annex 1 of the call for applications, may be financed up to 85% of the eligible budget for the activity, with a grant of up to €325,000 per beneficiary.

Opportunity to take a course at the University of Georgia's Enterprise Innovation Institute (Atlanta, USA) to reinforce the company's training. The amount of aid may be increased up to €10,000 for activities that apply for this training and meet the requirements indicated in Annex 2 of the call for applications.

Minimum eligible budget: €175,000.

Projects lasting one or two years. They shall start on or after 1 January 2023 and may end on 31 December 2023 in the case of a one-year project or on 31 December 2024 in the case of a two-year project.

Activities must respect the principle of causing no significant harm to the environment (DNSH principle), which entails compliance with specific conditions.

Recovery and Resilience Facility

Next Generation EU funds

Beneficiaries shall assume all obligations arising from EU Regulation 2021/241 of the European Parliament and of the Council on 12 February 2021, which establishes the Recovery and Resilience Facility, and other Community or national rules applicable to this funding.

No.

New business projects which require the use of technologies or knowledge developed from research activity and in which the business strategy is based on technological development.

Priority is given to the incorporation of people with PhDs in the company to reinforce its capacity to absorb and generate knowledge.

Grants may be awarded to business projects in any technological and/or sectoral field. However, business models that are mainly based on services to third parties and don't involve in-house technological development are not eligible for this call.

Initiatives that do not clearly reflect the continuity of technological development in their business plan and those which, directly or indirectly, cause significant harm to the environment or involve fossil fuels (subject to the exceptions specified in the call for applications) will not be eligible for support.

Funding will be provided for costs arising from the launch of a new business project by an innovative company, provided that they are included in the business plan and are necessary for the development of the project.

The following expenditure may be funded: a) Investment in equipment, b) Staff members, c) Materials, d) External collaborations/consultancy, and e) Other costs: rent, supplies, royalties and licences, application and maintenance costs for patents and other industrial property rights, insurance and other costs arising from the auditor's report. The latter may be up to €2000 per beneficiary, per year.

Promotion, dissemination and training costs shall also be eligible in this call, as set out in Annex 2.

New business projects which require the use of technologies or knowledge developed from research activity and in which the business strategy is based on technological development.

Priority is given to the incorporation of people with PhDs in the company to reinforce its capacity to absorb and generate knowledge.

Grants may be awarded to business projects in any technological and/or sectoral field. However, business models that are mainly based on services to third parties and don't involve in-house technological development are not eligible for this call.

Initiatives that do not clearly reflect the continuity of technological development in their business plan and those which, directly or indirectly, cause significant harm to the environment or involve fossil fuels (subject to the exceptions specified in the call for applications) will not be eligible for support.

Funding will be provided for costs arising from the launch of a new business project by an innovative company, provided that they are included in the business plan and are necessary for the development of the project.

The following expenditure may be funded: a) Investment in equipment, b) Staff members, c) Materials, d) External collaborations/consultancy, and e) Other costs: rent, supplies, royalties and licences, application and maintenance costs for patents and other industrial property rights, insurance and other costs arising from the auditor's report. The latter may be up to €2000 per beneficiary, per year.

Promotion, dissemination and training costs shall also be eligible in this call, as set out in Annex 2.

The evaluation criteria, as indicated in Article 23 of Order CIN/373/2022, are as follows:

For an application to be eligible, it must have a final mark of 50 points or above, respecting the minimum marks required for each of the criteria.

Applications that do not reach the threshold of 21 points required for Criterion 2: Assessment of the project technology and innovation, will be rejected without the other criteria being assessed.