R&D tax credit financing

MECIDES

Spain

Service ID:

EP437S1
Service description

Spain's innovation tax framework enables companies performing eligible R&D&I activities to generate transferable tax credits. MECIDES structures Special Purpose Vehicles (SPVs) that connect innovative companies with private investors, allowing startups and scaleups to monetize these tax assets through Tax Lease transactions. The result is a non-dilutive financing mechanism that accelerates innovation while delivering tax-efficient returns for investors.

The financial impact can be substantial. In 2025, an EIC-backed company in Barcelona generated €50,000 in operating revenue and €650,000 through the monetization of its R&D tax credits, demonstrating the strategic role of Tax Lease financing in supporting high-growth, innovation-driven businesses.

Sector
Sector agnostic
Technology Readiness Level
TRL 1 – Basic principles observed
TRL 2 – Technology concept formulated
TRL 3 – Experimental proof of concept
TRL 4 – Technology validated in lab
TRL 5 – Technology validated in relevant environment
TRL 6 – Technology demonstrated in relevant environment
TRL 7 – System prototype demonstration in operational environment
TRL 8 – System complete and qualified
TRL 9 – Actual system proven in operational environment
Financial requirements

No direct cost related for the R&D company. Mecides' compensation comes from the intermediation with the investor.

Disclaimer related to service

The execution timeline of the Tax Lease process is indicative and may vary depending on the complexity of the project, the completeness and quality of the documentation provided, the timing of the tax credit certification process, investor availability, and the approval of all required legal and regulatory milestones.

To maximize the likelihood of completing the transaction within the desired fiscal year, startups are strongly encouraged to engage with MECIDES as early as possible and provide all requested information in a timely manner. Delays in the delivery of documentation or in third-party approvals may impact the expected closing date.

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