Job Advice and Coworking

5 grants and subsidies for entrepreneurs

7 Nov 2018

Increasingly, young talents are committed to entrepreneurship, is a decision that is becoming quite common among people who finish their studies. And, although it is an option that is usually very rewarding in the long run, it also has its difficult side (like everything else...). Finding financing is one of the most complicated parts of starting a business, but that doesn't mean it's impossible to get it. Fortunately, today there are hundreds of grants and subsidies that will help you make the bold decision to become an entrepreneur. Yet there are more aspects of entrepreneurship that you should consider. Another question that often arises for an entrepreneur or a startup is: where can I develop my activity and grow my business? Most of them choose a coworking spaceAnd no wonder! Sharing an office with other coworkers who are in the same situation as you is very comforting. Besides, you always learn something new from other people. Before knowing 5 of them, you should know that grants are announced each year by the Autonomous Communities and the State, classifying them by their sector of activity. So, if you try, you don't lose anything!

1- Self-employment promotion program

We start with a nationwide program. It is aimed at unemployed people and is managed by each of the Autonomous Communities through their own Employment Council. Financing is regulated by the European Social Fund. The proposals of this program are the following two:
  • Aid provided for in the program for the promotion of self-employment.
  • Program in force in each autonomous community.

2- Grants for young entrepreneurs

Enisa's Participative Business Creation Loan for Young People facilitates access to credit for young entrepreneurs. In our country there is a youth unemployment of more than 50% of the population. This has to change! And for this there are these aids. Of course, to qualify for this subsidy you must meet certain requirements:
  • Be under 40 years of age.
  • That the main activity and the registered office are located in the national territory.
  • To be an SME incorporated as a commercial company.
  • Propose an innovative business with competitive advantages. In addition, it must be viable.
  • The partners must contribute at least 50% of the loan.

3- ICO loans

Also known as ICO grants, these are loans that allow for the financing of projects as is entrepreneurship. This financing is aimed at the self-employed, public and private entities and companies. But, as it happens in many occasions, it is necessary to take into account a series of conditions. These are the concepts that can be financed by ICO:
  • Liquidity.
  • Investment in national territory: vehicles, acquisition of companies, housing rehabilitation...
This grant has many options to acquire it and is a good financial alternative for this group of entrepreneurs. So find out more on their website and go for it.

4- COSME

At the European level, there is COSME, a grant program with a clear objective: helping entrepreneurs get started in this world. COSME gives new startups the opportunity to access funding and also to internationalize, something very important in entrepreneurship. It is the continuity of the Entrepreneurship and Innovation Program (EIP).

5- Business Angels

Perhaps the name gives us a clue as to what this assistance is. A business angel is a profile that provides money and/or experience to an entrepreneur. Business angels have arrived in our country to stay. It has been experienced very considerable growth in recent years in terms of startups thanks to this profile. As AEBAN says, "a business angel is an individual who makes his own investment decisions and contributes his own money and sometimes his time". Adeyemi Ajao, Albert Armengol and Aitor Sancho are some of the most influential business angels in Spain. Don't forget their names! We hope this information will help you make the decision to start a business. And if you also you want to launch your business in a coworking spacejust let us know. We have shared offices in different locations in Barcelona: in Urquinaonain Poblenou and in Hospitalet de Llobregat. ¡Start up your business at Aticco Coworking![:]

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