The Ministry of Science and Innovation has launched, through the CDTI, the new 2021 call of the NEOTEC Program, with a budget of 36.5 million euros in grants. This call, which has 11.5 million more than in 2020, finances business projects of small innovative companies (technology-based companies, EBTs) that 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 the intensive mastery of scientific and technological knowledge.
NEOTEC Program profile and call 2021
The objective of the NEOTEC program is to promote technology and innovation as competitive factors for the development of companies. The grants under this call will finance the start-up of new business projects that require the use of technologies or knowledge developed from research activity and in which the business strategy is based on the development of technology. Business projects whose business model is based primarily on services to third parties, without developing their own technology, will not be eligible for aid. Neither will those initiatives that do not clearly reflect in their business plan the continuity in the development of technology nor those that, directly or indirectly, cause significant damage to the environment, be eligible for aid.
The grants awarded in this call for proposals will be financed from the NextGenerationEU funds of the European Union’s Recovery and Resilience Facility. Grants may finance up to 70% of the business plan submitted, with a duration of one or two years (2022 only or 2022 and 2023), with a minimum budget of €150,000 and a limit of €250,000 per beneficiary. Projects that hire PhDs under the terms of the call for proposals will receive up to 85% financing of their business plan, with a limit of 325,000 euros.
The beneficiary companies will be small companies with less than three years of life, with a minimum share capital of 20,000 euros and may not have distributed profits or be listed on the stock exchange.
This new call plans to finance more than 110 projects of small companies, of any technological and sectorial scope. In the calls from 2015 to 2020, 575 NEOTEC projects were approved whose total budget amounts to 233 million euros. The CDTI has provided 124 million euros of public aid for the development of these projects.
Submission of applications
The deadline for submitting applications is July 8, 2021 at 12:00 noon, peninsular time. In any case, the definitive date for the opening of the call will be published in the Official State Gazette.
Applications for these grants will be made through the CDTI’s electronic headquarters.