Invest in The Basque Country

Basic guide to labour, commercial, accounting and tax regulations

Sayma SPRI
Support for business start-ups2019-05-17T11:21:14+02:00

SUPPORT FOR BUSINESS START-UPS

EKINTZAILE PHASE I
Basque Government

Beneficiaries

Individuals, micro-companies, SMEs and large industrial companies or related services.

Objective

Support for evolving a business idea in a Business and Innovation Centre. In the event that the idea becomes a business, it can access subsidised loans.

Aid type

Maximum €60,000 non-refundable grant and up to 100% of eligible expenses

EKINTZAILE PHASE II
Basque Government

Beneficiaries

Newly-created companies (less than 1 year) of an innovative nature, with an industrial or industry-related service activity.

Objective

Long-term financing of active investments for newly-created small and medium-sized enterprises under the EkintzaileProgramme.

Aid type

Loan of up to €180,000, Euribor interest + 1.25%, 7 years + 2-year grace period. No guaranties.

NEOTEC
CDTI Centre for the Development of Industrial Technology

Beneficiaries

Small innovative company that develops its own technology. It must be between 6 months and 3 years old at the time of any application, with a minimum share capital of €20,000 and R&D expenses representing at least 10% of its operating costs.

Objective

Start-up of new business projects that require the use of technologies or knowledge developed from the research activity, in which the business strategy is based on the development of technology.

Aid type

Subsidy of up to 70% of the budget for the action, with a maximum subsidy amount of €250,000 euros

VENTURE CAPITAL FUNDS IN THE BASQUE COUNTRY
Basque FCR

Beneficiaries

Industrial projects or industry-related services, with growth potential. Foreign companies looking for a local partner to support them in their implementation.

Objective

Venture Capital Fund (VCF) to invest in the capital of companies that are at any stage of development (23 million euros) and to promote entrepreneurship (5 million euros).

Aid type

CREATED in 2014. Closed fund. Time limit of 25 years. A maximum of €400,000 may be provided from the fund, in a combination of equity and/or convertible loans

VENTURE CAPITAL FUNDS IN THE BASQUE COUNTRY
SEED Gipuzkoa

Beneficiaries

Consolidated companies or under development.

Objective

Investments in the capital of newly-created technology-based and innovative companies in the province of Gipuzkoa.

Aid type

Created in 2007.
Venture Capital Company.
Closed fund.
Time limit of 15 years (2002)

VENTURE CAPITAL FUNDS IN THE BASQUE COUNTRY
Suztapen FCR

Beneficiaries

Consolidated companies or under development.

Objective

Venture Capital Fund to invest in the capital of consolidated companies or those under development.

Aid type

Created in 2001.
Venture Capital Fund.
Closed fund.
Time limit of 17 years (2018).

VENTURE CAPITAL FUNDS IN THE BASQUE COUNTRY
EZTEN FCR

Beneficiaries

Companies in their initial phase.

Objective

Investments in the capital of companies in their initial phase, approximately during their first three years.

Aid type

Created in 1986, Closed fund with no time limit.

VENTURE CAPITAL FUNDS IN THE BASQUE COUNTRY
SEED CAPITAL-FUND 1

Beneficiaries

New or newly-created companies. With their registered office and a production centre in Bizkaia. Minimum share capital of €90,000. With the potential for growth and job creation.

Objective

To promote business initiatives of an innovative nature.

Aid type

Aid type. Up to €450,000 in capital and loans.

VENTURE CAPITAL FUNDS IN THE BASQUE COUNTRY
SEED CAPITAL-FUND BI

Beneficiaries

Consolidated companies with a strong innovative bias, preferably technology-based.

Objective

Support for consolidating business initiatives of an innovative nature.

Aid type

Aid type. Up to €1,000,000 in capital and loans.