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Creama reports aid for the creation of technology-based companies

19 December 2019 - 12: 03

Creama informs of the subsidies convened by the Valencian Institute of Business Competitiveness (IVACE) for projects of creation of technology-based companies. These grants may be requested by innovative and technology-based small businesses with headquarters or production establishment located in the Community
Valenciana at the time of the presentation of the justification, that do not incur any of the prohibitions established in article 13.2. of Law 38/2003, of November 17, and that comply with the rest of the requirements established in articles 4 and 49 of Order 27/2016, of November 25.

The eligible project budget, calculated as the sum of the amounts eligible for subsidy, must be between:

  • 30.000 euros and 175.000 euros when the applicant company, at the time of submission of the application, is less than or equal to three years.
  • 30.000 euros and 300.000 euros when the applicant company, at the time of submission of the application, is older than three years and less than five years.

Subsidized investments must remain unchanged during the five years following the payment of the subsidy. The aid will consist of a subsidy of up to 70% of the costs considered as eligible.

The subsidy amount may not exceed the amount of 0,4 million euros. This grant ends on February 6, 2020.

People interested in these grants can obtain more information at CREAMA, through the network of Local Development Agencies (ADL) in Benissa, Calp, Dénia, Gata de Gorgos, Pedreguer, Pego, Teulada-Moraira and Xàbia.

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