Terms of the Program

6th Edition


Business Factory Auto is a vertical accelerator focused on the automotive sector. The initiative is led by CEAGA and Stellantis, with the backing of the Xunta de Galicia, the Free Trade Zone Consortium of Vigo and the components companies of the Galician automotive sector.

The key differentiating element of BFA's success is that the industry itself defines its needs and selects projects to participate in the program based on such needs. Sector companies supervise and advise projects to boost development and increase their competitiveness. They also offer their plant facilities to develop pilot projects and test innovative solutions.


BFA's differentiating element is that it is designed by and for the automotive industry


Program rules 1

This is how new companies born within the accelerator become suppliers of the automotive sector companies.

Moreover, participating projects can avail of the support offered by all agents from Galicia's open innovation system: Technological centres, clusters, universities, etc.


BFA can help companies with an idea or project to validate their product or service in a real automotive environment, since it is the only industry specific accelerator in Galicia.


The program is comprised of 2 stages where the difference lies in the degree of project maturity. Initial stage projects that need to develop and validate their product or service in the automotive sector can opt for the (up to 9-month) acceleration stage. However, if the project has a defined product or service with actual sales, it may be eligible for the consolidation stage that would last up to 12 months. The possibility of sharing the project acceleration and/or consolidation process with other projects in the sector promotes and facilitates the generation of synergies between them.

Business Factory Auto not only supports initiatives led by individuals, but also drives innovative ideas developed within existing companies, as well as those that originate in knowledge centres:

Start-up: newly created company in its starting stage, promoted by entrepreneurs in their personal capacity, usually associated with innovation and with a scalable business model.

One company spin-out: recently created company born out of the division of an existing company's project.

Several companies spin-outs: recently created company resulting from the division of a project developed collaboratively by several companies.

Spin-off: recently created company born from innovative development in knowledge centres (universities, technological centres, etc.)


This industry that revolves around ideas, talent and motivation seeks pioneer entrepreneurs capable of creating value-added products or services for the automotive market.


Business Factory Auto offers a wide range of services and activities for projects involved in the initiative in order to transform them into innovative, viable and scalable enterprises:

Program rules 2

Funding support

Selected companies will be eligible for funding through a combination of the following modalities:

Non-repayable grant: Economic contribution from the Galician Innovation Agency (GAIN) for projects in the acceleration stage.

Participation loan with capitalisation option: a type of loan offered by Vigo Activo S.C.R., S.A., S.M.E (hereinafter Vigoactivo) and/or Xesgalicia, Sociedad Gestora de Entidades de Inversión de Tipo Cerrado, S.A. (hereinafter Xesgalicia) that does not require personal guarantees, has a fixed + variable interest rate that varies according to company results.

If the company so requests, and within the framework of a financing round, a direct stake in the company's capital may be considered.

Workspace

Participating projects may be located at the premises provided by the Free Trade Zone Consortium of Vigo to the BFA in the port area of Bouzas (Vigo) situated very near the facilities of CEAGA and the Stellantis Vigo Centre. The premises have internet access and meeting rooms

The Free Trade Zone Consortium of Vigo likewise offers training premises to the BFA at the Porto do Molle Business Centre, to organise the training sessions foreseen in the program.

Training

Business Factory Auto, in collaboration with the IE Business School, has designed and developed the Advanced Management Program to provide top quality, proven, and recognized business administration and management training, to participants in the BFA acceleration and consolidation stages.

Attendees will learn about the latest management trends, develop a strategic vision tailored to the current context, and leverage the required management and leadership skills to facilitate their path toward project and management excellence.

The program uses a practical experience-based methodology targeted at boosting managerial skills, to contrast successful business practices, in order to offer alternatives and new strategic opportunities to projects.

The approximate duration of the program is 45 x 90-minute morning weekday sessions held over 15 days, between March and July 2022. The duration and date of the program may be subject to minor modifications.

This will be in-person training, held at the premises provided by the Free Trade Zone Consortium of Vigo to the BFA at the Porto do Molle Business Centre, and attendance is obligatory for all the projects selected in the 6th edition of the BFA.

Networking

Sharing workspace and participating in program activities contributes to creating an environment for knowledge exchange and synergies. BFA organises events that allow participants to meet lead professionals from the industry.

Furthermore, collaboration agreements have been signed with different companies to supplement the benefits for projects participating in the initiative. Selected projects will benefit from services offered by companies such as Amazon (AWS Activate Program), Clarke, Modet & Cº (Experts in Industrial and Intellectual Property), Prismacim (current distributor in Spain of SIEMENS Solid Edge Smart Expert), IBM (Startup program with IBM), and others. Participation in these programs will be subject to validation and acceptance by the collaborating companies. This list may be modified over the duration of the program.

Possibility of collaboration in the sector

Participation in the program could help your company/project to develop and get greater visibility, in order to reach the sector's OEMs and tier suppliers. Business Factory Auto is the gateway to the automotive industry in Galicia for companies driven within the accelerator.

Teams that successfully complete the pilot test will be able to continue their relationship with the company, under the terms and conditions they agree with each other.


Possibility to implement your solutions in real automotive sector plants.


Mentors

A mentor will provide personalised, tailored consultancy to each project, and accompany project members throughout the acceleration/consolidation stages.

Mentorship will be in two modalities: technical and management. Technical mentorship will be performed by a skilled professional from the automotive sector who will be responsible for continuous monitoring of the project. Management mentorship will be performed by an expert specialised in business.

Projects may be given access to professionals from the Galician automotive sector companies for individual guidance, have access to technical resources and visits to workplaces for implementing pilot projects and validating solutions. The technical mentor will have exclusive dedication and commitment to each project, in order to encourage and motivate developers and team members, ensure they meet milestones, work at the right pace, reach the required level, as well as advise and provide technical support by delivering the most appropriate information for each project.

Moreover, projects will have a management mentor who will also support the technical mentor. He/she will be responsible for ensuring compliance with business management and business development, project milestones and deliverables.

Depending on the needs of each project, they will help define the business model, the marketing plan, or search for funding, among other issues.

Visibility

BFA will help projects to enhance visibility and dissemination not only through the media and social networks, but also through the many actions and events organised within the program framework wherein sector companies and institutions participate. The objective is to launch projects participating in the initiative into the market.


Access to Galicia's automotive ecosystem: BFA is your gateway to the automotive sector.


The project registration process will be open from 23 June 2021 to 22 September 2021, 14:00h Central European Summer Time (CEST). The selection process will end on 15 November 2021 upon publication of the list of successful projects. Business Factory Auto reserves the right to shorten or extend this period by means of a notice published on the website www.bfauto.es, and the dates appearing on the website will be final and valid.

Program rules 3

Registration

Projects interested in this call must fill in the registration form provided on the BFA website www.bfauto.es within the deadline indicated in the calendar. Modifications are not permitted after registration is validated. Only information provided in the form will be taken into account to evaluate projects that comply with the conditions and requirements set forth in these Terms. After studying the application, the BFA reserves the right to request additional information about projects, if necessary.

The registration form must be accompanied by a video from the project developer explaining their case in no more than 4 minutes. The aim of the video is to explain the project, provide details of the team, define the added value of the proposal, the elements that differentiate it from its competitors, the main milestones achieved, and the next steps or means necessary for its implementation. In short, provide all information needed to best understand the project. In addition, you can attach more files to provide additional information (presentations, cases, etc.).

Applicants can decide which stage they apply to, however, BFA reserves the right to change the same depending on the level of project maturity.

Submission of application to this call implies express acceptance of all requirements and conditions contained in these Terms.

Questions or clarifications can be sent to us by e-mail at bfa@ceaga.com or by telephone at 986 213 790 // 628 451 351 // 682 002 764.

Shortlisting

The BFA management team will draft a shortlist of projects that move on to the next stage, in accordance with the requirements and conditions set out below:

Belonging to the automotive sector

This is an initiative of a vertical nature centred on the automotive sector, and hence the program is directed exclusively to projects connected to this sector. Projects related with the product (car) and those related to the process will receive support

Degree of maturity

Early stage projects whose objective is to validate and/or test their product or service in the sector can apply for the acceleration stage. Projects with product or service defined and which require marketing support can apply for the consolidation stage

Number of projects

There is no limit to the number of projects each developer team can submit, but it can only opt for eligibility of just one of them. In the case of spin-offs and spin-outs, BFA reserves the right to choose more than one project from the same developer based on whether or not the project teams are well-differentiated.

Team

All members of the developer team and management team must be of legal age. The team will be made up of a minimum of 2 full-time employees of the company with decision-making capacity to best use the program.

Requirements of participating companies

Projects may be formally incorporated as a company and have a maximum age of 3 and a half years (42 months) in order to be eligible to participate in the acceleration stage at the time of application (in accordance with Galician Law 9/2013 on entrepreneurship and economic competitiveness). For the consolidation stage, projects must be formally incorporated as a company and have a maximum age of 6 years (72 months) at the time of application submission.

The company's registered office and the principal place of business must be located in the Autonomous Region of Galicia.

If no company is incorporated, there must be a commitment to incorporate one before 31 December 2021 and if the registered office, domicile for taxation or principal place of business is not in Galicia, then it should be remedied prior to 31 December 2021.

Intellectual property

The company should own the intellectual property rights for the idea/project submitted, otherwise, it should have the appropriate permissions from third parties to use the intellectual and/or industrial property

Evaluation committee

The committee will be comprised of representatives from the Galician automotive sector companies, the BFA management team, and representatives from the many entities that promote the initiative and have the support of independent experts specialized in the main areas of interest.

Applications received will be mainly considered based on track record and suitability of team and project. Projects that opt for the acceleration stage will have a weighting of 60% and 40% for team suitability and project respectively while projects that opt for the consolidation stage will have a weighting of 40% team and 60% project. In particular, the following aspects will be taken into account:

Team evaluation criteria

Project evaluation criteria

Topics

The future of the automotive sector is centred on Industry 4.0 and therefore BFA will support projects related to digital transformation. All Factory of the Future trends are key to the industry and priority will be given to projects that fall within one of the technological fields defined as of interest to the Galician automotive sector companies:

Program rules 4

In this call for proposals, topics of special interest to the Galician automotive sector companies are the ones shown in the diagram as shown above.

All projects applicable to the automotive sector and its value chain that contribute innovation in its widest sense, and destined to strengthen the Galician automotive sector in times of emergency such as the Covid-19 pandemic, will be valued positively.

SELECTION COMMITTEE

SIf the project is selected for the personal interview stage, you will have 10 minutes to make a presentation (in-person or online) to best explain the project, the business model and the team (professional profiles, experience, roles...). The committee will then have 15 minutes to ask questions and clarifications about the presentation.

The committee will be comprised of representatives from the Galician automotive sector companies, the BFA management team, and representatives from the various entities that promote the initiative.

PUBLICATION OF SUCCESSFUL PROJECTS

After completing the selection process, a list will be published containing up to 10 projects invited to participate in the acceleration stage and up to 10 projects invited to participate in the consolidation stage.

Successful applicants will receive a formal invitation to join the acceleration or consolidation stage of the program. This invitation will be valid for 5 calendar days for formal acceptance by the enterprising team. In case of no formal acceptance, the Executive Committee of the program may offer the invitation to the next ranked project. Upon formal acceptance, participation protocols will be sent out and these will have to be signed by the representatives of the entities.

INCOMPATIBILITIES

Executive Committee members will not be able to participate as developer team and/or as members of the selected projects or be able to provide any type of external service required by BFA. The express consent of all Executive Committee members will be required in the case of staff assigned to their respective entities. Moreover, Management Team members will not be able to participate as developer team and/or as members of the selected projects or be able to provide any type of external service required by BFA.

As a general rule, companies participating in the BFA initiative undertake to strive towards proper development of the project during the program. They make a firm commitment to participate in the in-person activities held in Vigo or its metropolitan area: actively participate in training, mentoring, and follow-up meetings, both online and in-person.

Likewise, and in a timely and transparent manner, they will report to the Executive Committee about project evolution and results, and comply with the defined program deliverables within the prescribed deadlines, in the required format.

To sum up: companies that participate in Business Factory Auto undertake to comply with the following obligations:

Acceleration stage

Target audience

Early-stage projects may opt to participate in the acceleration stage with a business idea where the objective is to develop a minimum viable product or service and test their business model.

Over the 9-month duration, the planned activities will focus on the development and validation of the product or service, definition of the business model, achievement of first sales, and development of team skills and abilities, among others.

Milestones will be established in parallel for each project and these will be linked to receipt of funding awarded.

Funding conditions

In addition to the activities/services detailed above in the "what we offer" section, the following are the specific conditions for funding in the acceleration stage:

  1. Award of a non-repayable grant of up to a maximum twenty-five thousand Euro (€25,000)for funding a set of eligible costs through the Galician Innovation Agency (GAIN).
  2. . Funding from Vigo Activo Sociedad de Capital Riesgo, SA SME that can be articulated as a: Participation loan with a possible capitalisation option for a maximum amount of fifty thousand Euro (€50,000). In the event that the company so requests and within the framework of a funding round, a direct stake in the company's capital may be considered.
    • General characteristics of the funding:
      Amount: up to €50,000.
      Maximum term: up to 7 years
      Grace period for repayment of principal: up to 2 years.
      Interest rate: Fixed (quarterly Euribor + 4%) + Variable (to be determined).
      Eligible for capitalisation

    • Funding may be disbursed in 1 or several tranches, depending on the milestones established jointly with the mentor and validated by Vigo Activo
    • In order to be eligible for this funding, the company must be incorporated, have its principal place of business and its registered and fiscal address in Galicia, and fulfil the conditions and requirements established by Vigo Activo.
    • The documentation to be submitted is detailed in Annex II to these Terms.
    • The deadline for requesting funding from Vigo Activo through the BFA program will start on the date of initiation of the acceleration stage and end upon its termination.
    • As a general rule, projects previously funded by Vigo Activo will not be funded again. In any case, if the project had received funding in a previous stage of any similar acceleration program, then in such a case, funding would have to be approved by the Investment Committee and the Board of Directors of Vigo Activo. Projects financed by Vigo Activo require a subsequent follow-up and submission of periodic financial or other information as appropriate.
  3. Funding from Xesgalicia that can be articulated as a: Participation loan with a possible capitalization option by Xesgalicia, up to a maximum of fifty thousand Euro (50,000€), through the Investment Fund that best suits the evolution stage of the projects selected in the acceleration stage of each call. In the event that the company so requests and within the framework of a funding round, a direct stake in the company's capital may be considered.
    • General characteristics of the funding:
      Amount: up to €50,000.
      Maximum term: up to 7 years
      Grace period for repayment of principal: up to 2 years.
      Interest rate: Fixed (quarterly Euribor + 4%) + Variable (to be determined).
      Eligible for capitalisation

    • Funding may be disbursed in 1 or several tranches, depending on the milestones established jointly with the mentor and validated by Xesgalicia.
    • The deadline for requesting funding through the BFA programme will start on the date of initiation of the acceleration stage and end upon its termination.
    • As a general rule, projects previously funded by Xesgalicia will not be funded again. In any case, if the project had received funding in a previous stage of any similar acceleration/consolidation program, then in such a case, funding would have to be approved by the Investment Committee and the Board of Directors of Xesgalicia. Projects financed by Xesgalicia require a subsequent follow-up and submission of periodic financial or other information as appropriate.

What we require from you

Consolidation stage

Target audience

We can say that these are companies with a defined product or service and real sales. The business model should be structured, with possibility of scaling-up, and generating its first income. The company starts to grow, albeit in an incipient manner.

You do not need to pass through the acceleration stage to qualify for the consolidation stage.

This stage lasts up to 12 months during which training, mentoring and networking will be provided to the participating companies so that they are able to establish themselves in the market and generate sales/recurring revenue.

Funding conditions

In addition to the activities/services detailed above in the "what we offer" section below are the specific conditions for funding in the consolidation stage:

  1. Funding from Xesgalicia that can be articulated as a: Participating loan of up to a maximum amount of two hundred and fifty thousand Euro (€250,000), through the investment fund that best suits the evolution stage of the projects selected in the acceleration stage of each call. In the event that the company so requests, and within the framework of a funding round, a direct stake in the company's capital may be considered.
    • General characteristics of the funding:
      Amount: up to €250,000.
      Maximum term: up to 7 years
      Grace period for repayment of principal: up to 2 years.
      Interest rate: Fixed (quarterly Euribor + 4%) + Variable (to be determined).
      Eligible for capitalisation

    • Upon selection to the consolidation stage, funding may be paid in one or more disbursements and is conditioned to other financiers or partners providing at least the same (monetary) contribution to the project. If the funding amortisation period is less than 5 years with other financiers, then the amortisation of the participation loan provided by Xesgalicia shall be pro rate to the funding used as the basis for granting the participating loan.
    • The deadline for requesting funding from Xesgalicia will start on the date of initiation of the consolidation stage and end upon its termination.
    • As a general rule, projects previously funded by Xesgalicia will not be funded again. In any case, if the project had received funding in a previous stage of any similar acceleration/consolidation program, then in such a case, funding would have to be approved by the Investment Committee and the Board of Directors of Xesgalicia.
      Xesgalicia funding will be available both in the acceleration and consolidation stages, for the selected projects that meet the following conditions:
      • Pass the investment analysis process of the Xesgalicia team, for which the documentation described in Annex III must be provided.
      • Projects financed by Xesgalicia require a subsequent follow-up and submission of periodic financial or other information as appropriate.

    Funding provided in this program is compatible with grants from other national or international public administrations, agencies or public or private entities, and in no case, can either on its own or jointly with other grants, aids, income or resources, exceed the cost of the activity financed or ceilings established for public funding.

    In case of drop out from program, non-compliance with the acceleration /consolidation program requisites, or an unfavourable report from the mentor concerning project implementation, Xesgalicia will be entitled to stop any pending disbursements and to terminate the loan agreement whenever the inference from such report is negative in relation to project implementation, in accordance with the terms presented to Xesgalicia and that served as the basis for granting the present funding.

What we require from you

Given that information will be exchanged during the different stages of the programme, it is important to clarify the use of the same and any ensuing responsibilities.

Acceptance of terms

Participation in the call implies the acceptance of these terms without reservations or conditions, as well as of any decisions that may arise.

If during programme implementation, it is detected that a member of a participating team does not fulfil the commitments acquired in the sworn affidavit, then in such a case, the Executive Committee reserves the right to demand compliance, and in case of non-rectification, proceed to the exclusion of the applicant.

Therefore, projects will be subject to continuous evaluation throughout all stages of the programme, and hence, any party that does not comply with the requirements, obligations and milestones established may be excluded from the same after a prior reasoned report from the Executive Committee of the programme and such party will consequently lose the benefits derived from the same.

Furthermore, BFA reserves the right to cancel, modify or discontinue any aspect or criterion of the call and selection process.

The commitment arising from acceptance of these terms will come into effect from the date of acceptance and will remain in force for five years after the deadline of the call for proposals in which the project was selected. 

Responsibility

Applicants will be responsible for all damages, direct or indirect, that are caused or may be caused due to default of these terms, and will exonerate programme managers from all responsibility in this regard, without any exception.

Applicants will likewise be responsible for any infringement of third party rights during their participation in this programme and shall compensate such affected third parties and, where appropriate, indemnify programme managers for any damage or injury caused and whether claimed in court or out of court. Such indemnity shall expressly include the fees of professionals participating in the proceedings that arise due to default of the obligations described herein.

Intellectual property

Ownership (if possible) of the intellectual property rights of the idea/project submitted, or having the appropriate permission for use are the minimum requirement set out in the terms and conditions. 

All applicants shall guarantee that the content of their presentation is their original creation and does not violate any right, including intellectual property rights of third parties, and moreover, that the content is not illegal, nor was it created by breaching contractual obligation with a third party.

Information provided by applicants must be correct, true and complete, and applicants will assume full responsibility for any inaccuracies. Otherwise, BFA shall have the right, without prejudice to enforce any other legal means, to withdraw, refuse or cancel the rights granted to the applicant in these Terms.

The participants expressly authorise program managers to use their trade name and image in promotional materials relating to this call, without any consideration in return. By submitting the application, the applicant accepts that the application document was submitted on a voluntary basis. 

The applicant accepts that programme managers shall decide on aspects related to the call, as well as on the final selection of projects under the programme. Applicants furthermore acknowledge that even though their project is selected, the program managers are not obliged to fully implement the programme. 

Disclosure of information

Participants consent to the use of basic information about the project during the evaluation processes referred to in the terms herein.

Furthermore, acceptance of these terms authorises sponsor entities to use the logo, project name and any other type of audio-visual means developed or recorded during the course of the programme, in all dissemination and communication activities that they consider fit, irrespective of the means or format used.

BFA shall keep confidential the contents of all ideas and projects submitted to this call and all data and information of any kind provided by the applicant, and furthermore undertakes not to use them for purposes other than those concerning this document.

Communications

All notifications relating to programme implementation will be published on BFA's website (www.bfauto.es) and will be available for consultation at CEAGA's office in Vigo. Any other individual notification will be communicated by email or telephone to the applicant at the email or telephone number provided at the time of project registration on the website, or others subsequently provided by the main applicant of the project for this purpose.

Protection of personal data

In accordance with the Regulations on Personal Data Protection, it is reported that the data provided by the participants through the enrolment of their projects will be treated by the Promoters of the Program as stewards, whose identities can be consulted in the Point One "Introduction" of this document. In this way, it is reported that, under the provisions of Article 26 of Regulation (EU) 20167/679 on Data Protection, the promoters of the program have signed a co-responsibility agreement, where the obligations of each of the parties have been defined. in relation to compliance with data protection obligations.

So, it is appropriate to indicate that CEAGA is responsible for compliance with the information and consent duty, hence, the named entity always reports on behalf of the rest of the promoters in the terms indicated below.

The collected data as a consequence of this BFA Program will be treated in order to evaluate and assess the projects presented, to manage participation in the Program and to disseminate and publicly promote it. On the other hand, in order to achieve the goal of promoting and disseminating the Program, it is planned the realization and taking of images during the different acts that will take place during the term of the Program, so that they will be published. , as well as the data related to the different projects presented. This publication will be carried out through the different means of communication owned by the promoters of the Program, that is, websites, social networks and / or magazines or newspapers in paper or digital.

Personal information will not be collected, used or disclosed for purposes other than those described above, unless the participants give their consent or if there is any legal obligation to do so.

If through the participation in the Program, personal data are related to third parties other than the one presented by the project is provided, the participant undertakes previously to communicating the data to inform the holders of the data of the extremes included in this clause, abstaining from including them in case of not obtaining their consent in this regard.

No cessions or communications of data are foreseen except for those that are required for the processing of the partition in the Program, as it may be to insurers, financial or banking entities or public administrations. In this way, it is advisable to influence the public nature that will be given to the participations in order to disseminate and promote the Program.

The data that are processed will be kept throughout the duration of the Program, as well as, as long as they are necessary to disseminate the activities and programs, regardless of the statutorily established limitation periods and while the statute of limitations for the exercise of the actions lasts. corresponding. On the other hand, it is reported that participants can exercise the access rights, rectification, cancellation and opposition provided for in the Law, by going, through any means that allows to prove the sending and receiving to CEAGA at the following address: Avda. Citroën , 3 and 5, Edificio Zona Franca 1ª Planta, 36210 Vigo, or through email bfa@ceaga.es. However, as indicated, the cancellation of data or opposition to the aforementioned purposes of treatment will be understood as a waiver of participation in the program.

For more information you can take a look on www.bfauto.es

In proof of compliance, just with the presentation or participation in the Program implies the acceptance of the terms contained in this document and especially in this clause of data protection.

Claims

The Executive Committee and the participants in the programme agree to abide by Spanish law for the interpretation and enforcement of these terms.

Any dispute arising from the interpretation or execution of the present document will be resolved directly by the parties and they undertake in good faith, to put their best efforts to seek a mutually agreed solution to their disputes, in response to the joint intention expressed herein, within a maximum period of fifteen (15) working days effective from the date on which either party provided written notice to the other party in respect of any claim. The lack of response by the other party shall not affect the period mentioned above.

Any dispute, controversy or claim arising from this document or its interpretation that cannot be resolved in accordance with the provisions of the preceding paragraph, and any controversy or claim arising from default, termination or invalidity, shall be settled through arbitration. Such arbitration will be conducted in the city of Vigo. The arbitration award shall be final and not subject to appeal, and the parties renounce to any available remedy against the same.

Miscellaneous

BFA does not guarantee the functioning and continuity of the web platform operations or services hosted therein, since there may be interruptions or snags during operations. BFA does not assume any liability for any damage or loss suffered by the complainant due to non-functioning or inability to use information or services provided through the platform. It will likewise not be liable for any damage or loss caused by interference, omissions, interruptions, computer viruses or disconnections in the portal and the services, including when arising due to causes beyond the control of BFA.

Applicants shall not use the platform to send content that violates the law or is morally unacceptable or any other harmful content that is abusive, disrespectful, defamatory, vulgar, obscene, racist or damaging in any other manner; or perform any unlawful or fraudulent act; or send any type of documentation or material that is unrelated to the purposes of the call or BFA as a whole.  BFA reserves the right to remove any content that violates these terms.

Participants in the programme assume the obligation to provide, over the duration provided for in the last paragraph of section "Acceptance of the terms", any additional documentation that may be required by programme managers for compliance with the information obligations that arise from rules currently in force or which enter into force during the duration of the programme. Failure to comply with the provision of this information within the established period may result in cancellation and/or termination of the programme for the offenders.

ANNEX I:

RULES ON THE CONDITIONS FOR SUBSIDIES GRANTED BY THE AXENCIA GALEGA DE INNOVACIÓN TO PROJECTS SELECTED FOR ENTRY INTO THE ACCELERATION STAGE

The collaboration agreement signed between the Instituto Galego de Promoción Económica (IGAPE), Axencia Galega de Innovación (GAIN), Xesgalicia, Sociedad Gestora de Entidades de Inversión de Tipo Cerrado, S.A.U (Xesgalicia),  Fundación Cluster de Empresas de Automoción de Galicia (CEAGA), Peugeot Citroën Automóviles España S.A,  Consorcio da Zona Franca de Vigo (CONSORCIO), Vigo Activo Sociedad de Capital Riesgo, SA SME (VIGO ACTIVO), to set up an entrepreneurship centre in the Galician automotive industry (Business Factory Auto - BFA) foresees the granting by GAIN of aid to projects selected for entry into the acceleration stage.

Incorporated enterprises that comply with the requirements referred to in paragraphs 2 and 3 of Article 8 of Law 9/2007, of 13 June 2007, on subsidies in Galicia, may be considered as beneficiaries.

Amount of aid

GAIN will provide a maximum total grant amount of € 250,000 per call, for distribution between the 10 projects selected for entry into the acceleration stage.  

Eligible expenditure

As an example, the following shall be considered as eligible expenses:

If the sum of eligible expenditure exceeds the amounts established for small contracts in the consolidated text of the Public Sector Contracts Law, approved by Royal Legislative Decree 3/2011, of 14 November 2011; the beneficiary must obtain at least 3 bids from different suppliers prior to hiring service, except when due to its special characteristics, there are not enough entities in the market, or if the expenditure is incurred prior to grant application.

The Xunta de Galicia will finance such aid via the legal mechanisms provided, and the selected parties shall comply with the rules for beneficiaries.

Obligations of beneficiaries

Without prejudice to the other obligations set forth in Article 11 of Law 9/2007 of 13 June 2007, on subsidies in Galicia, all aid beneficiaries are obliged to:

Payment System

In accordance with Article 31.6 of Law 9/2007, of 13 June 2007, on subsidies in Galicia, and in Articles 62 and 63 on the rules of implementation of the aforementioned Law; advance payments may be provided (that is delivery of funds prior to justification) as funding needed to carry out the actions inherent to the grant, when it essential to implement the projects selected for entry into the acceleration stage, as follows:

For this 6 th edition, the individual agreements with GAIN will be signed at the beginning of 2022, and therefore, expenses can only be charged from the date of such signature.

The guarantee scheme

Article 65 of Decree 11/2009, of 8 January 2009, approving the rules of procedure related to the Law on Subsidies, establishes that the beneficiaries and collaborators are obliged to provide guarantees, among others, in cases where there is a possibility of making advance payments.

This agreement establishes advance payment of up to 80% of the amount intended for financing the projects, and for a maximum of 10 projects that are selected for entry into the acceleration stage.

Given that the purpose of such advance payment is to support the various projects and facilitate their formalisation or incorporation in companies and to reduce the economic burden borne by new companies, both at the time of incorporation and during initiation of activity, the provision of the legal guarantee foreseen is waived, in accordance with the provision contained in Article 67 on the rules of procedure related to the Law on Subsidies, which authorises the Management Board of the Xunta to waive the provision of guarantees.

Modification of actions

Modification of any actions to be carried out, that alters the conditions taken into account at the time of granting authorisation, may give rise to the modification of the subsidy granted. In any case, the said modification shall only be made after a favourable report is obtained from the Executive Committee.

The procedure for the approval of modification of actions will begin with a request for modification sent by the applicant, indicating the scope of the proposed modification, in a way that clarifies the actions that will be modified and the manner in which project will be implemented. Said request will be submitted through the Xunta de Galicia electronic office, addressed to the Axencia Galega de Innovación.

After receiving the request, GAIN will proceed towards obtaining the corresponding favourable report or the OK from the Executive Committee.

GAIN will then approve the proposed change, after undertaking the proceedings mentioned above. The modification will then be formalised into the corresponding document or addendum.

Compatibility with other aids

Funding provided in this programme is compatible with aid from other national or international public administrations, agencies and public or private entities, and in no case, can either on its own or jointly with other grants, aids, income or resources, exceed the cost of the activity financed.

However, as indicated hereinabove, entities whose projects were subsidised and/or financed by GAIN and/or Xesgalicia under any other acceleration or financing programme, shall be ineligible for economic aid provided for in this call.

Applicable legal framework and refunds

These grants will be subject to the provisions of Law 9/2007, of 13 June 2007, on subsidies in Galicia; and to Decree 11/2009, of 8 January 2009, approving its rules of procedure. They will also be subject to the basic provisions of Law 38/2003 of 17 November 2003, on general subsidies and its implementing regulation, approved by Royal Decree 887/2006, of 21 July 2006. 

In case of non-compliance with the conditions laid down for granting aid as per the terms provided for in Title II of Law 9/2007, of 13 June 2007, on subsidies in Galicia, all funds received shall be repaid in part or full.

Likewise, a total or partial refund is foreseen, in case of non-compliance and/or improper use of the acceleration by any of the 10 projects selected in the final stage, which should be reflected in a sufficiently reasoned report.

They will also be subject to the provisions laid down in Regulation (EU) No 1407/2013 of 18 December 2013, on the application of Articles 107 and 108 of the Treaty on the Functioning of the European Union to de minimis aid (OJEU L352/1, of 24 December 2013).

Documentation to be submitted when requesting payment for amounts granted

The documentation will be presented through the Xunta de Galicia electronic office, addressed to the Axencia Galega de Innovación.

Along with the supporting documents listed in the Annex herein, the beneficiary shall submit a statement of all aid received by the company under the de minimis concept, for the two previous fiscal years and for the current fiscal year.

Supplementary declaration on all aid requested for the same project, whether approved or granted, including if awaiting a decision from the competent Public Administrations or its related or dependent entities, as well as from private entities.

Documents required for the payment of the first instalment

The beneficiary must submit the following documents:

The request for payment must be submitted together with the accompanying documents within the established deadlines, which shall be conditioned to the dates of each call and shall be communicated to participants at the beginning of the acceleration stage.

Documents to be submitted for final payment

At the end of the different stages of the programme, the beneficiary shall submit the following documents for payment of the amount provided for in the third clause, concerning the financing of activities related to the implementation of the projects selected for entry into the acceleration stage:

The documents required shall be submitted within the deadlines established by GAIN.

Subcontracting

In relation to the possibility of subcontracting, beneficiaries must submit an express statement declaring that the persons or entities contracted and/or subcontracted for the subsidised activities are not related undertakings, in accordance with Article 27.7 of Law 9/2007, of 13 June 2007, on subsidies in Galicia and its Rules of Procedure.

ANNEX II:

DOCUMENTS TO BE SUBMITTED TO VIGOACTIVO FOR FUNDING EACH OF THE PROJECTS IN THE ACCELERATION STAGE

Identification of the contact person/s

Documents of the business plan must include

Financial documents

Legal documents

The name of Vigo Activo shall not be used to obtain other possible financing for the project, unless expressly authorised by Vigo Activo, which shall be exempt from any consequences arising due to non-funding of the project, whatever be the cause.

Other documentation

ANNEX III:

DOCUMENTS TO BE SUBMITTED TO Xesgalicia FOR FUNDING EACH OF THE PROJECTS IN THE CONSOLIDATION STAGE

Phase I of the analysis:

BUSINESS PLAN

FINANCIAL PLAN (template provided by Xesgalicia)

OTHER DOCUMENTS

Phase II of the analysis: due dilligence

DOCUMENTS RELATED TO THE PREVENTION OF MONEY LAUNDRING (PBLAC):

OTHER DOCUMENTS:

Any document or information needed for proper understanding and knowledge of the business plan, or the economic and legal situation of the company.

The documents related to the business plan should be submitted in Galician or Spanish, the amounts must be in Euro and they must be signed by the legal representative of the company. The financial and legal documents, if not in Galician or Spanish, must be translated by a sworn translator.

The name of Xesgalicia shall not be used to obtain other possible financing for the project, unless expressly authorised by Xesgalicia, which shall be exempt from any consequences arising due to non-funding of the project, whatever be the cause.