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3 keys to ENISA financing

9 Aug 2023

The National Innovation Company (ENISA) is the public entity under the Ministry of Industry, Commerce and Tourism, which offers equity loans for the financing of innovative projects of SMEs and startups. If you are looking for financing for your project this 2023 and want to know more about ENISA, our partners at Upbizor provide answers to frequently asked questions about these loans.  

First of all, what is ENISA financing?

ENISA is a public aid that is designed to help companies co-finance innovative projects with a previous capital increase.

Can I apply for ENISA?

This will depend on your company's situation:
  • Early stage companies: If your company has launched at least the Minimum Viable Product (MVP), is showing traction in the market and you have the possibility of contributing at least 30k, it is the ideal time to apply for an ENISA loan.
  • Companies with traction: If your company does not have significant financial risk, you can apply for up to €300,000 without audited accounts with an extension of at least the same value. If you have audited accounts, the limit can exceed €300,000.
  • Companies that have already obtained an ENISA loan: If your startup has received funding from ENISA in the past, you can reapply. It is recommended to wait at least one year from the signing of the first loan and show financial progress. The amount to apply for will depend on different possible scenarios.
  • In case of previous rejection: If your previous application was rejected, you have the option to resubmit a new application. It is important to carefully analyze the rejection decision and resolve any issues before making a new application.

Which financing is ideal for my project?

There are different categories in which you can apply:
  1. Young entrepreneurs: For companies less than 2 years old, entrepreneurs under 40 years old and at least 51% of the shares. You can apply for up to €75,000, twice the equity.
  2. Entrepreneurs: Aimed at companies less than 2 years old, with no age limit for entrepreneurs. The maximum amount is €300,000.
  3. Growth: Focused on startups or SMEs with more than 2 years old and a stable business model. You can apply for up to €300,000, or more if the company has audited accounts and two full years closed.
  4. Digital entrepreneurs: Aimed at digital entrepreneurship projects led by women in the shareholding, administrative body or management team. It is also possible to apply for up to €300,000.
  5. AgroInnpulso: Aimed at companies in the agri-food and rural sector with more than 2 years of experience and a stable business model. It promotes digital transformation in the sector.

Did you know that...

Last year, Upbizor managed 20% of the entire ENISA budget, equivalent to 20 million euros, guaranteeing the most competitive success fee. If you have more questions about ENISA and you are part of the community Aticco, remember that you can schedule a free consulting session with Upbizor experts to solve all your doubts. For more information, contact us at services@aticco.com.

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