Projects eligible for funding:
a) The opening of new markets.
b) The export of new products and services.
c) To provide differential competitiveness factors.
d) Strengthening the innovative potential of enterprises in the tourism sector, as well as the competitiveness and the areas of scientific and technological knowledge in the tourism sector.
Type of aid:
Repayable loan 0.95% over 5 years with a grace period of 2 years, for a maximum of 75% of the bankable budget, and always for an amount of less than €1M. Guarantees must be provided for 36% of the loan.
Deadline for submission of applications
The help will be divided into 2 procedures: from 9/Jan/15 to 11/March/15, which will have €13M available funds and from 11/March/15 to 11/May/15 with €10M available funds. The same company can apply for both, but always with different projects.
Evaluation criteria:
A minimum of 50% of the maximum score for each criterion must be obtained. It is assessed:
a) Competitiveness of the product or service (from 0 to 20 points). Potential for innovation, development of competitiveness and quality of the proposal.
(b) Track record of the company (0 to 15). Commercial capacity and commercial activities. Technical feasibility. Experience of the working team.
c) Internationalisation strategy (0 to 25 points). Description of the target market and specification, interest and feasibility of the general strategy proposed and of the action in which it is specified.
d) Expected socio-economic impact. Possibilities of dynamisation. Job creation (0 to 15 points).
e) Economic and financial viability of the action. Profit and loss account (from 0 to 25 points). Relationship between turnover and budget of the project, and economic means to tackle the action.
If you think that your company could benefit from these grants, do not hesitate to contact us, ABRA-INVEST has a specialised public finance team with more than 15 years of experience at its disposal.
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