3.9 Start-up funding for young entrepreneurs
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The General Secretariat of Industry and Small and Medium Enterprises, belonging to the Ministry of Industry, Tourism and Trade, has a search engine for aid and incentives for the creation of companies (buscador de ayudas e incentivos a la creación de empresas). Thereby, the National Innovation Enterprise (Empresa Nacional de Innovación, ENISA) informs about funding lines for young entrepreneurs within the innovation sectors, application requirements and funding terms.
The Business Information and Network Creation Centre (Centro de Información y Red decreación de empresas (CIRCE)) establishes the Helpdesks for Entrepreneurs (Puntos deAtención al Emprendedor, PAE), with the purpose of informing, advising and setting-up the administrative procedure for the business creation.
The Action Plan 22-24 of the Youth Strategy 2030 includes the "annual call for the National Youth Entrepreneurship Competition for innovative and viable projects”, which is managed by the Spanish Youth Institute.
The Youth Guarantee + 2021-2027 Plan also includes entrepreneurship programmes with microcredits. Through this, people who cannot access ordinary credit will be able to obtain financing without collateral. In addition, the beneficiaries will receive guidance and counselling support after receiving the loan.
Within the regional scope there are many financial aid programmes for young entrepreneurs:
- Innovactive Programme from Andalucia (Programa Innovactiva de la Junta de Andalucía).
- Programmes and support entities for the creation of enterprises by the Canary Islands Government (Programas y entidades de apoyo a la creación de empresas del Gobierno de Canarias).
- Entrepreneurship and self-employment platform of the Government of Aragon Plataforma de Emprendimiento y trabajo autónomo del Gobierno de Aragón.
- Aid for business start-ups for young farmers, Principality of Asturias (Ayudas a la creación de empresas para jóvenes agricultores, Principado de Asturias)