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COFIDES and ICEX Spain Trade and Investment have set up the program “Pyme-Invierte” to offer integral support of overseas investment to small to medium size companies, with the goal of improving their competitiveness and to cover the initial set up requirements in other countries in a simple, easy and coordinated manner.
“Pyme-Invierte” facilitates the funding that COFIDES apportions as well as the assessment of ICEX throughout the whole investment process. Endowed with €50m this program considers SME funding in both productive investments and commercial deployments.
Furthermore, the companies that take part in “Pyme-Invierte” will have preferred access to the Personalised Service Program of ICEX offered by the Financial and Commercial Offices Abroad, which provides ´value add´ information about countries, sectors, investment requirements, set up costs and investment support.
“Pyme-Invierte” is the end result of the objectives as laid out by the Secretary of State for Commerce to fully support the SME internationalisation process.