The Ministry of Industry, Energy and Tourism set to give €533 million to innovative technology projects

In order to facilitate access to the funding, the payment will be made up front and in full by way of subsidy and loan.

BOE, 12/06/2012

Today opens the registration period for requesting financial aid for projects of the Strategic Action of Telecommunications framework and the Society for Information within the National Plan for Scientific Investigation, Development and Technological Innovation in the R&D Competitiveness subprogramme.

In order to facilitate access to the funding, the payment will be made up front and in full by way of subsidy and loan, regardless of whether the project is implemented in a year or over several years. This payment is conditional on guaranteeing 35% of the total amount of the loan given.

The payments in the form of a subsidy shall be at least 9.5% of the budget and the financial aid awarded as a loan will be given at an interest rate of 3.95%, with a repayment term of seven years, and a three-year grace period.

The registration period for the submission of projects starts today and ends on the 5th of July.