GITA will fund the awarded Indian project partners. Successful projects will have at least 50% industry R&D component. The active participation of industry will be assessed from the project budget and the R&D performed by the company.
- Funding will be limited to 50% of the total eligible national cost of the project with a limit of INR 150 Lakhs (INR 15.000.000) per project.
- Public funded academic and research organisation applicants may receive grants-in aid up to 100% of its part of eligible national cost in the project.
- Industry may receive up to 50% of its part of eligible national cost by way of soft loan repayable upon successful completion of the project
CDTI will fund the Spanish Companies in the awarded projects. CDTI can only provide funding to Spanish companies subject to budget availability and as per the financing conditions valid at the time of the Board of Directors of CDTI previous to the signature of the financing commitment between CDTI and the awarded companies.
Collaboration with other entities such as research centres, technological centres, universities, hospitals and other R&D-performing organisations is permitted under CDTI regulations, but CDTI will not fund them directly, but may finance them indirectly as external collaborations of the Spanish Companies involved in the projects.
CDTI's financing conditions valid on the date of the official launch of the Call are as follow:
- As per CDTI's regulations eligible costs will include amortisation of capital assets, outsourced technical collaborations, material costs, technical personnel costs and other costs (indirect costs, audit costs).
- CDTI will only consider proposals of Spanish Companies with a minimum budget of 175,000 euros or 500,000 euros in cases when Spanish consortium formed by and Economic Interest Grouping.
- Soft loan of up to 75% (exceptionally up to 85%) of the eligible costs of the Spanish Co/s in the awarded project at an annual fixed interest rate equivalent to Euribor (Euro Interbank Offered Rate) . Soft loan must be paid back to CDTI in 10 years with initial moratorium from 2 to 3 years.
- Out of the 75% of the soft loan granted to the awarded Companies, up to 20% (large corporations), 25% (SMEs) and exceptionally 30% for SMEs participating for the first time in CDTI's international programmes% may be considered a grant in aid, and therefore non reimbursable.