Programme of Entrepreneurship culture promotion - Principality of Asturias - Spain 

The various financial instruments: venture capital companies, mutual guarantee companies, loans and credits, and as the rest of government aid, contributing decisively to the implantation and consolidation of companies in Asturias.

Microcredits: small loans and short repayment periods, with very competitive interest rates. The mutual guarantee company, ASTURGAR, provides a guarantee with credit institutions, making it unnecessary for the Business person to provide other guarantees, regardless of  the business plan´s viability

Entities that validate the business plan in Asturias are Business Centers included in the Public Network. Specifically:

Centro Europeo de Empresas e Innovación, CEEI

Centro Municipal de Empresas de Gijón, CRISTASA

Sociedad de Desarrollo La Curtidora, S.A. LA CURTIDORA

Ciudad Industrial del Valledel Nalón, S.A.U. VALNALÓN

Centro de Empresas del Nalón, CEN

Centro de Empresas del Caudal, CEC

Guarantees:ASTURGAR. also offers guarantees for the financing of business projects by the government and banks. The guarantees may be financial or technical.

Risk capital: minority and temporary participation of an enterprise that can be done at different times in their life cycle -start-up, growth-, or in specific situations -substitution shareholder, bridge financing, etc-. The financial health of the company that provides long term, facilitate their access to other funding sources.

This financial modality is provided in Asturias by the Sociedad Regional de Promoción -SRP-, and the Sociedad para el Desarrollo de las Comarcas Mineras -SODECO-. 

Equity loans: These are long-term loans whose interest is linked to the performance of the company that will carry out an innovative business project, and whose security is linked to the viability of the business project. As in the previous case, SRP, SADIM and SODECO provide such funding, on a territorial basis. 

Funding for Innovative Projects Asturian Network of Business Angels: private investors (individuals or firms) that provide money, expertise and networking contacts for new business initiatives that require funding and expert support.