If you are a start-up company or in the early stages of growth, you can benefit from the IFEM Innovació equity loan to finance your business plan.
IFEM, which will manage this conversion vehicle, may allocate part of the amount taken out (up to at most 15% or €20,000) to invest in the company’s capital.
Generally between €50,000 and €200,000 per project. IFEM’s maximum investment cannot be greater than the sum of the capital contributions from private investors.
To support companies in subsequent funding rounds, the IFEM may increase the amount invested as a follow-on investment by up to an additional €200,000 under the same conditions.
Up to 5 years, including a grace period of up to 2 years.
Fixed rate indexed to the 12-month EURIBOR plus 5% interest or a variable rate to be determined based on the evolution of the business plan (up to at most 7%).
Arrangement fee of 0.5% of the amount taken out.
No collateral.
The application must be made through an accredited intermediary entity: business angel network or private investment vehicle or company (accelerators, venture builders, pledge funds, venture capital entities which are not ICF investees and private limited liability companies or public limited companies which operate as an investment vehicle for investors).
The private investment entities accredited by the ICF include 11 business angel networks, 2 venture builders, 4 accelerators and 24 venture capital funds.
