On Wednesday, October 1, the second 2025 call of the Asturias Startup Fund was launched. This financial instrument, managed by the Regional Promotion Society (SRP) in collaboration with CEEI Asturias, is aimed at supporting highly innovative and disruptive startups either based in Asturias or planning to establish themselves in the region.
The Fund offers two phases:
- Phase I targets startups in the development and business model validation stage, with a minimum viable product or service. Eligible companies can access participatory loans ranging from €50,000 to €100,000.
- Phase II focuses on growth-stage startups that have already demonstrated market traction. Participatory loans in this phase range from €100,000 to €200,000.
To date, the SRP has approved €2,205,000 in financing for 23 projects, representing an induced investment of €10.8 million and the creation of 239 jobs within the first two years.
The third 2025 call will remain open until November 20.
Eligibility Requirements:
- Be a highly innovative startup with a proprietary and differentiated product, service, or technology.
- Have registered office and tax domicile in Asturias, or be willing to establish themselves in the region.
- Have a commercial legal structure.
- Demonstrate technical, financial, commercial, and managerial viability.
- The company’s potential to stimulate the Asturian economy and generate employment will be positively valued.
- The founding team must be actively involved in the project.
Common Features for Both Phases:
- Financial instrument: convertible participatory loan.
- Co-financing: the company, its founders, or third parties must contribute at least 25% of the stage’s funding.
- Priority is given to projects that have raised funds from investors (business angels, La Cuarta Financiación, etc.).
- No personal guarantees required from the founders.
- No fees of any kind.
- Convertible into equity: in an external financing round, the SRP will apply a 20% discount on the company valuation. In case of conversion, the founding team commits to remain exclusively for two years.
- Co-investment with specialized funds will be sought whenever feasible.
Phase I Features:
- Startups in development, validating business model and MVP, with growth and scalability potential.
- Amount: €50,000–€100,000. If the model is already validated through pilots, demos, or initial customer contacts, full funding is available. If not, €50,000 is provided to reach validation, allowing the option to access the remaining €50,000.
- Term: 4–6 years.
- Fixed interest: based on project valuation (Euribor + 3% to Euribor + 4%).
- Variable interest: up to 3 additional points depending on company results.
- Repayments: 20% of EBITDA during the first three years, progressive thereafter until full repayment.
- No annual audit required.
- Quarterly business plan monitoring.
Phase II Features:
- Growth-stage startups with proven market traction and a capable team.
- Amount: €100,000–€200,000.
- Term: 5–7 years.
- Fixed interest: based on project valuation (Euribor + 2% to Euribor + 3%).
- Variable interest: up to 4 additional points depending on company results.
- Repayments: 20% of EBITDA during the first three years, progressive thereafter until full repayment.
- Annual audit required.
- Quarterly business plan monitoring.
Operational Process:
- CEEI Asturias provides advisory support for business plan development.
- The technical team of CEEI and SRP conducts a preliminary assessment based on Fund criteria and project maturity.
- Pre-selected projects are evaluated by an Advisory Committee of recognized experts in business, investment, innovation, and technology. Remaining projects continue with mentoring from CEEI Asturias.
- Projects approved by the Committee must submit a five-year business plan to SRP, which reviews it and, if positive, presents a financing proposal to the SRP Board.
- Approved projects formalize the operation before a notary.
Call Open: October 1 – November 20, 2025
Applications via: https://www.startinasturias.es/convocatoria/
