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Company Requirements

To be able to apply for this financing line, your company must meet the following requirements

• Be a corporation incorporated and established in Spain, with its primary business activity conducted in Spain.
• Be a startup with an innovative business project. According to Law 28/2022, a startup is a legal entity that does not result from a merger, spin-off, or transformation of non-emerging companies, does not distribute nor has it distributed dividends, is not listed on a regulated market, has its headquarters, registered office, or permanent establishment in Spain with at least 60% of its workforce employed under labor contracts in Spain, and is developing an innovative entrepreneurial project with a scalable business model. It is considered innovative when its purpose is to solve a problem or improve an existing situation through products, services, or processes that are new or substantially improved compared to the state of the art, with an inherent risk of technological, industrial, or business model failure.
• Have fewer than 10 employees and be in business for less than 3 years.
• Have a validated business model and generate revenue, even if it is still in its early stages.
• Have the backing of a prestigious investor or accelerator.
• Have raised a funding round of at least €100,000.
• Maintain the bank account associated with the transaction in good standing for the duration of the loan.

Others

To apply for this financing line, you will need to provide the following documentation

The following companies are not eligible: those whose primary business is in any of the following sectors:

• Illegal economic activities.
• Production and sale of tobacco and distilled alcoholic beverages.
• Production and sale of weapons and ammunition, and the arms industry.
• Casinos, gambling, and betting, including online operations.
• Pornography and the sex trade.
• IT activities that support the above or that enable illegal access to electronic networks or the unlawful downloading of electronic data.
• Research, development, or technical applications of human cloning for research or therapeutic purposes and of genetically modified organisms (GMOs).
• Products or activities harmful to the environment.