IVACE and BICs of the Valencia Community sign an agreement for equity loans aimed at entrepreneurs
At the very beginning of September, the Councillor for Economy, Industry, Tourism and Employment, Máximo Buch, gathered with the BICs of the Valencia Community (Alcoy, Castellón, Elche and Valencia) to sign a cooperation agreement with IVACE. The main outline of this agreement is to finance innovative entrepreneurial projects.
|Picture left to right : Jesus Casanova - Director CEEI Valencia, Rául Royo - President CEEI Valencia, Máximo Buch - Councillor, Justo Vellón - Director CEEI Castellón, Roberto Paya - Director CEEI Alcoy|
These financial aids fall within the strategic action lines of the Government that sets out as main elements the support to entrepreneurs , the creation of employment as the main axis of all initiatives, Innovation as the main lever for growth and business differentiation, the integration of added value to the final product and internationalization as business strategy for the future.
“This aid is provided through equity loans and is backed in by institutions such as the BICs. It has proved to be an efficient instrument to serve the entrepreneurs and enable them to undertake their projects”.
The Línea Emprendedores of IVACE targets innovative projects from businesses with 4 to 3 years of existence.
These equity loans vary between 25.000 and 100.000 euros with a term of 7 years with a maximum repayment term of three years.
Cooperating entities will pre-assess the projects candidatures on their technical and innovative aspects and will submit them to IVACE for review and final approval.
More information about the Línea IVACE Emprendedores.
Back to News list