Currently, due to the explosive increase in interest in the entrepreneurial environment, there are several types of support to business in Spain. Both national and international serve to help these individuals to move forward with their business ideas. Spain offers several programs to boost startups and consequently the Spanish economy, being highlighted below the main support:
Executive director of ICEX-Spain Export and Investment whose mission is to promote foreign direct investment in Spain. In addition, it offers several important information, consulting and support services to industrial and financial investors who are interested in the Spanish market.
Rising Start Up Spain
Acceleration program developed by ICEX-Invest in Spain, aimed at startups and foreign and Spanish entrepreneurs non-residents who have an innovative character design and preferably with some positive feedback on the market.
The 15 winning projects will set up business in Spain (if the company already existed, can not be more than a year). Also, can enjoy various benefits such as obtaining visa services and residence permit free workspace in Barcelona or Madrid, direct financial aid non-refundable 10 000 €, mentoring specialized for project development and inclusion in Spanish market, social networking services. This one support serve to increase the company's visibility and free access to forums, events and meetings with other companies.
Community offering various types of support to business in SpainSuch as legal advice, labor management, tax and accounting, company communication, among others. Moreover, it has a strong presence in the Spanish government. Thus, proposed is constantly changing laws and regulations in order to facilitate achieving the development and growth of startups in Spain. An entrepreneur who is interested in belonging to this association must register by paying a monthly fee.
Accelerator founded in 2008 that works to promote startups with high growth potential. They have their network of investors and mentors, as well as the common workspace available. This network of mentors is made up of experienced entrepreneurs who have establish companies successful and are now available to support and advise new startups at the strategic level.
Competition for the new startups that, after analyzing all registered projects, the SeedRocket team and mentors elect 10 to 12 startup for one Program of training lasting 3 to 4 days. During this program, startups will have the opportunity to participate in several training sessions guided by leading professionals.
When the campus is finished, entrepreneurs will have the possibility to present their projects to the team, mentors and investors. These will subsequently select the three winning teams. The winners can be transferred to the accelerator and there they will enjoy all the benefits that it has to offer in order to accelerate the project.
SeedRocket 4Founders Capital
This accelerator founded in 2017, provides a 12 million euro venture capital fund in order to invest in around 40 startups over the next 4 years. The investment is around € 50,000 and € 500,000, and monitoring of these startups chosen. To apply for this fund, the entrepreneur must complete a form and submit it for further analysis.
Enisa is a major support to business in Spain. State-owned company managed by the General Directorate of Industry and SMEs, which aims to provide financial support to small and medium-sized companies. In this company the entrepreneur can find three different forms of financing: for young entrepreneurs, entrepreneurs and growth.
The first case is intended for SMEs and startups created, created by young people and who are in financial need. Thus, the investment varies between € 25,000 to € 75,000 over a period of 7 years. In the second case, it already includes entrepreneurs of any age during the first stages of the business and the financial support varies between € 25,000 to € 300,000 over a period of 7 years. For growth situations, that is, for companies that want to expand their business or obtain a competitive advantage, the financial support varies between € 25,000 to € 1,500,000 for a period of 9 years.
Support Program the young companies in developing their projects ensuring the success of these. It is an initiative of Banco Sabadell and consists of three components: collaborative innovation, expertise and investment offices. Thus, in the first, the bank seeks to increase its digital innovation to partner with entrepreneurs in areas related to the banking business. That is, any startup that is related to areas of financial solutions, big data, blockchain can get in touch with this program.
Sabadell The bank also has 50 offices specialized in startups. Thus, it allows a better understanding of its operation and financial needs and then analyze more effectively their demands. Finally, it offers two methods for investment: BStartup10 aimed at startup at an early stage where they receive investment up to € 100,000 in addition to the personalized support, and Sabadell Venture Capital, aimed at startups looking series of investments where the invest € 200,000 to one million per company initially being that can reach investments of up to € 2 million.
State bank being treated as a State Financial Agency whose mission is to promote economic activities that contribute to the country's growth and development, thus improving the national economy. This institution pays special attention to activities with social, cultural, environmental or innovative significance and provides loans nationally or internationally. For small and medium-sized companies or autonomous companies, the ICO defines the main characteristics of the different lines of credit, including their value, the purpose of the loans, interest rates and payment terms.
Similarly, also provides loans for major projects involving productive, public and private investment, with a minimum value of 10 million euro and payment periods.
Finally, INTERCOM is one of the most famous support to business in Spain. It is an incubator founded in 1995 and is the Spanish market leader in the creation and development of online businesses. It is a project co-financed by the Ministry of Industry, Energy and Tourism and, in addition to the financial investments they provide to young companies, they also provide mentoring and monitoring services in the various stages of development. Thus, it has more than 50 projects launched and has 11 offices spread across the world.