NEOTEC is a grant program launched by the Centre for Industrial Technological Development (CDTI), which is a public institution that promotes innovation and technological development in Spanish companies. The NEOTEC program aims to support the creation and consolidation of technology-based companies by providing funding for their innovative projects. The program provides financial support to startups and SMEs (small and medium-sized enterprises) that are developing innovative projects with significant technological potential.

The NEOTEC grant is a non-refundable financial aid that can cover up to 70% of eligible project costs, with a maximum grant amount of 250,000 euros per project. The funding can be used to cover expenses related to research and development, personnel costs, intellectual property, and other eligible costs. To be eligible for the NEOTEC grant, companies must meet certain criteria, such as being registered in Spain, having a business plan that demonstrates high technological potential, and having a majority stake owned by individuals, rather than companies or public entities.

Overall, the NEOTEC grant by CDTI is a valuable source of funding for Spanish startups and SMEs working on innovative projects with significant technological potential, and can help these companies to accelerate their growth and development.