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  • The Catalan Government Allocates €2 Million in Direct Aid to Support New Start-Ups Created During the Pandemic
The Catalan Government Allocates €2 Million in Direct Aid to Support New Start-Ups Created During the Pandemic

The Catalan Government Allocates €2 Million in Direct Aid to Support New Start-Ups Created During the Pandemic

event_note Press Release

The Catalan Government Allocates €2 Million in Direct Aid to Support New Start-Ups Created During the Pandemic

  • Startup Capital by ACCIÓ 2020, with a budget increase by 25% compared to the previous year, has benefited 27 companies, 90% of which have less than a year of life
  • Each company has received up to €75,000 in direct aids in the creation phase, the most critical of its growth, to make it easier for them to access the first clients and private funding
  • 37% of the beneficiary companies are dedicated to the field of health and 33% are 'spin-offs' from research centres and universities in Catalonia

27 Catalan start-ups have received a grant of up to €75,000 from ACCIÓ ­— Catalan Agency for Competitiveness, which depends on the Ministry of Business and Knowledge—, with the aim of supporting the initial phases of its growth. ACCIÓ's Startup Capital aids had a budget of €2 million in 2020, that is, 25% higher than the previous year.

This call pretends to intensify the support for start-ups created during the pandemic, with the result that 90% of the 27 beneficiaries are less than a year old. These aids aim at supporting emerging companies in the creation phase, the most critical of their growth, bringing them closer to the first customers and private funding. They will thus be able to fund business plan execution-related actions, such as staff costs, investment in materials and equipment, rental of spaces or development of communication strategies, and so on.