17 Spanish companies in the ICT sector received funding from the Cdti in October. Among the subsectors in which they operate, energy and industry 4.0 stand out. The Cdti, which depends on the Ministry of Economy, finances innovation and technological development of Spanish companies, with a budget of 1,792 million euros for 2016. How to get help from the Cdti?

Projects approved in October

Industry 4.0 among the funded sub-sectors

Industry 4.0 is one of the priorities of the Cdti, which in October has financed 5 projects in manufacturing 4.0.

Dynicom sistemas, for example, is a company from San Sebastian that develops innovative solutions to optimise the mobility of people and vehicles and the efficient use of energy, all under sustainability criteria. The city of San Sebastian currently uses this technology to count people and bicycles. Now this company has developed an intelligent system for the protection of people in industrial environments 4.0 using laser sensors and artificial intelligence.

Another Industry 4.0 project in October is a platform for simulating operating procedures developed by Voovio, a company founded in 2008 by two Spaniards that creates 3D worlds from conventional 2D images. Voovio brings the real world to any screen and allows users to navigate seamlessly, as if they were in a video game.

What do I have to take into account when applying for aid?

EL CDTI es un organismo abierto y flexible, por lo que es sencillo requerir asesoramiento previo antes de realizar una solicitud. Esta consulta ayudará a determinar si, ‘a priori’, el proyecto encaja o no y si es financiable. Hacer esto puede ahorrar mucho tiempo.

CDTI does not advance all the money, so it is necessary to calculate the cash flows well. Hence, the working capital during the project has to be secured.

Application times need to be well managed, because even if it is an open call, a proposal can spend on average six months waiting to be funded.

In young companies with little traction, it is very likely that the CDTI will end up asking for guarantees. This is a requirement that must be taken into account today.

If you think that your company could benefit from this type of aid, please contact us on + 34 946424142 or fill in the contact form. Abra-Invest will help you throughout the process of obtaining aid.