The ENISA Innovation x Climate line, part of the FEPYME Fund, is designed for SMEs developing innovative solutions to anticipate climate risks, strengthen the resilience of the productive sector, or accelerate the recovery of businesses and regions affected by disasters or emergencies. ENISA co-finances projects with a minimum of €25,000 and a maximum of €1.5 million, with no requirement for collateral or personal guarantees.
Unlike the general ENISA Startups and SMEs line, the eligibility requirement here is not just having an innovative business model: your company must also provide solutions that promote climate resilience or have been directly affected by a civil protection emergency (due to having establishments, a registered office or tax domicile, planned activity, or suppliers in the affected area).
What is the objective of the 'Enisa Innovation X Climate' aid, and what projects does it fund?
'Enisa Innovación X Clima' is aimed at projects that anticipate climate risks, strengthen regional resilience, or accelerate the recovery of businesses and areas affected by disasters or emergencies.
What type of aid is it and what are its main characteristics?
Enisa's funding is in the form of a participatory loan and has very marked differences with traditional bank loans:
- Minimum and maximum amounts: For the Enisa Innovation X Climate line, you can request a loan starting from €25,000 up to €1.5M.
- Interest rates: Two-tier variable rate consisting of Euribor plus a spread for the first tier, and a second tier based on the company's financial performance.
- Fees: It has an opening commission of 0.5%.
- Term: Up to 7 years, with a principal grace period of up to 2 years.
To be eligible for the Innovation x Climate loan program, applicants must qualify as SMEs according to the European Union definition. Beneficiary companies must have their own legal personality, possess equity at least equal to the amount of the loan requested, and provide solutions that promote climate resilience and/or have been affected by a civil protection emergency in the area where they operate, are headquartered, or have suppliers.
The company's primary activity and registered office must be in Spain, and the business model must reflect innovation or a novel approach compared to existing market solutions. Furthermore, the company must have filed its accounts for the last financial year with the Mercantile Registry and be up to date with its tax and social security obligations; if the requested amount exceeds €300,000, these accounts must be externally audited.
Enisa Innovation X Climate application deadline
This is a permanent financing line with no fixed opening or closing dates; you can apply at any time of the year under the FEPYME Fund framework.
Can I apply for more than one Enisa loan?
Yes, you can request new funding from Enisa whenever there are changes and growth in the company. Through new capital increases or significant growth in the company's cash flow.
Requirements
The startup must have its own funds (at least) equivalent to the amount of the loan
The startup must have an innovative business model, with clear competitive advantages.
The startup must be able to demonstrate the technical and economic viability of the business project.
