Incentives and Grantswww.spri.es

902702142

www.spri.es

R&D GRANTS

FINANCING FOR SMEs

Financial incentives for companies (non-refundable grant)

• GAITEK: competitiveness - 40%-50% (max. €250,000)

• ETORGAI: driver effect on the Basque economy - 30%-45%

• NETs: new products - 25%-50% (max. €250,000)

Criteria to be an SME:

Fewer than 250 employees / invoicing lower than €50m / less than 25%

large company ownership

- GAUZATU: refundable advance with 0% interest (max. 35%

project and €1.5m)

- AFI: subsidised interest rate (max. loan €1.5m)

- LUZARO: participative loan (max. €1m)

- EZTEN: venture capital (up to 40% shareholding in capital - max. €2.5m)

TAX ADVANTAGES

Tax reductions on investment

projects.

*This information should be checked

with the Tax Authorities.

902702142