CDTI Innovación approves €9.46 million in loans for 16 business R&D&I projects

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The governing board of CDTI Innovación, the innovation agency of Spain's science ministry, approved 16 new R&D&I projects in September. Their total budget is €12.61 million, of which CDTI will provide €9.46 million. All 16 are loans, though €1.89 million of that is a tranche that never has to be repaid, which is the most agreeable kind of loan.

Sixteen companies take part: 11 are SMEs, five are getting CDTI money for the first time, and together they have 35 people on the work. Seven operations, five in Andalucía and two in Murcia, are co-financed with European funds through Spain's POPE 2021-2027 programme, which lets CDTI offer a non-repayable tranche of up to 30%.

Andalucía came out ahead overall, with seven operations and €3.9 million of CDTI's contribution.