Programme to promote creation of Newly Created Innovative Companies, with subsidies linked to monetary contributions to the share capital of private investors.
The Program contemplates non-refundable subsidies of up to a maximum of 20,000 euros, and intensity of up to 100%. The amount of the subsidy, in any case, may not exceed that of the contribution to the share capital made by the private investor.
Elegibility conditions for companies:
- need to be small businesses.
- registered in the Mercantile Registry in corporate form, less than 5 years old
- that they are Innovative Companies of Recent Creation, which means to have an innovative and scalable business model that allows it to establish a clear differentiation with respect to its competitors, and that is capable of generating income exponentially with the growth of its cost structure.
Requirements:
Eligible costs must take place after the application has been submitted.
Shareholdings of private investors shall be by means of monetary contributions.

Eligible takeover operations must be carried out by one or more private investors, demonstrating previous investment experience in at least one newly created innovative enterprise.
The participation of one or more private investors must be equal to or greater than 10,000 euros and the beneficiary company may not be divested for at least 3 years after the capital contribution is made.
The PRIVATE INVESTOR must fall into one of the following three categories:
a) Business angels
b) Investment vehicles
c) Private investor networks

Resources needed

200.000€ / year

Evidence of success

Year 2018
Amount of the convocation: 100.000€. Number of companies benefiting: 6 Capital inflow: 840.300€

Year 2019
Amount of the convocation: 150.000€. Number of companies benefiting: 9 Capital inflow: 918.500€

Forecast Year 2020
Amount of the convocation: 200.000€. Number of companies benefiting: 12 Capital inflow: 1.200.000 €

Difficulties encountered

The approval of this type of subsidy has made it possible for us to know information on different operations of entries of private investors in start-ups of the Region of Murcia, that perhaps in another way we would not have known about them.

Potential for learning or transfer

With this type of aid, INFO has managed to create the important investment ecosystem in the Region of Murcia, strengthening the network of private investors and promoting a culture of investment in innovative companies, which can be exported to other European regions.

The potential of this initiative is to bring together companies which needs financing in order to grow and scale up and the investors looking for interesting projects.

The Regional Development Agency of the Region of Murcia as institutional partner supports and boost investments by granting some financial aid.

The companies beneficiaries in this initiative reported new jobs created and main benefit was to get access to financing critical for development of projects for the company in early stage of the companies.
Many small technological companies have a good idea and projects for development and growth but they have no access to financial resources.

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Project
Main institution
Regional Government of Murcia
Location
Región de Murcia,
Start Date
January 2019
End Date
Ongoing

Contact

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