NRW Innovation Loan
Aim and Object
In cooperation with the NRW.BANK and KfW Mittelstandsbank, the state of North Rhine-Westphalia supports the innovative activities of SMEs in NRW.
The following measures are co-financed:
- Inclusion of new, technologically advanced products into the production programme;
- Introduction of new, technologically advanced production processes,
- Significant improvement in existing products and processes.
Eligible to apply
Eligible to apply are small and medium-sized enterprises (SMEs) in accordance with the SME Definition by the EU.
Enterprises from the fisheries/aquaculture and agricultural primary production sectors as well as enterprises in economic difficulties as defined by the guidelines of the EU are excluded from this support.
Investment plans must have a good prospect of sustained commercial success and their total financing must be secured. The investment location must be in North Rhine-Westphalia.
The plan must be of a new kind for the enterprise supported. Pure replacement investments are excluded from support.
The investments are to be made in forward-looking fields of technology, such as new production technologies, new materials, medical technology, environment, energy, micro/nanotechnologies and optotechnologies.
Type and amount of support
The support is provided in the form of a low-interest loan.
The amount of the loan is between 25,000 and five million euros, with a maximum limit of 90% of the eligible expenditure.
Interest rate: see current conditions
Applications must be made before commencement of the project, using the application forms provided, through the borrower's own bank. The bank then passes applications to:
Advice Centre Rhineland (Beratungscenter Rheinland)
Tel. (02 11) 9 17 41-48 00
Fax (02 11) 9 17 41-92 19
Advice Centre Westphalia (Beratungscenter Westfalen)
Tel. (02 51) 9 17 41-48 00
Fax (02 51) 9 17 41-26 66
Info sheet of the NRW.BANK, March 2009; Circular letter from the NRW.BANK dated 25 March 2009.
The support is provided as a de minimis grant.