Bancoldex and Minciencias will fund companies investing in the bio-science-life

Bancoldex and Minciencias will fund companies investing in the bio-science-life

The The Ministry of Science, Technology and Innovation and Bancóldex recently launched the Minciencias CTeI . Credit Line Through which it seeks to support the achievement of the innovation goals set forth in the National Development Plan (PND), the promotion of scientific knowledge and the development of technology and innovations that allow the transformation of Colombian society and its productive sector.

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The line will finance investments in science, technology and innovation (CTeI) projects, specifically in the bioeconomic sector, Which includes the areas of: biodiversity and ecosystem services that refer to the use of the continental ecosystem for sustainable development; Columbia Biointelligent, which seeks intelligent use of nature’s genes; productive and sustainable agriculture, which bets on agriculture that rebuilds the social fabric; Biomass and green chemistry to mix 100% biomass with 100% profitability, generating greater value for the productive sector; Finally, health and wellness, which promotes the use of advanced technologies to generate scientific and technological independence in the country.

From the national government we constantly strive to contribute to the development and growth of the country and to enhance scientific and technological knowledge. For this reason, we together with Bancóldex have created this line of credit to encourage entrepreneurs in the country who are currently working on this type of project and need financing under favorable conditions,” said the Minister of Science, Technology and Innovation, Tito Christian.

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Those bioeconomics projects that use inputs of biological origin will be considered (plants, any of their parts or plant extracts; animals or parts of them; algae; micro-organisms and residues: agricultural, food, forestry), genetic material, proteins; and those that generate services or products such as natural ingredients, active compounds, bioplastics, biomaterials, vaccines, new foods, functional foods, bioenergy, and bio-inputs, among others.

Companies will be able to access maximum amounts of up to $2000 million to fund CTeI projects in the bioeconomy. The credits can be used to cover working capital and modernization expenses such as investment in equipment, technology and other fixed assets needed to develop research, development and innovation projects.

“This credit solution will benefit companies of all sizes interested in developing projects in the areas of science, technology and innovation, including financing the technology needed to develop initiatives that make use of natural or biological resources, such as, for example, the use of soybeans or palms to generate formulations cosmetic or biofuels,” said Javier Diaz Fajardo, President of Bancóldex.

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The financial facilities of this line of credit include terms of up to 3 years with a grace period of 12 months for working capital, and up to 5 years with a grace period of 12 months for update.

The resources of this credit can be used to develop projects or activities such as basic research projects, applied research, development of new prototypes, software development, experimental development, information systems development that generates new corporate solutions, and thought management. property, among other things.

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How to apply?

Bancóldex has a wide network of allies that interested entrepreneurs can turn to, such as banking institutions, financial companies, finance companies and financial cooperatives, financial technology, financial NGOs, cooperatives with savings or credit activities, financial institutions, compensation funds and employee funds , microfinance entities and other entities that have a stake in Bancóldex.

To consult the list of allies and steps to access the credits, you can enter the portal

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With information from the Ministry of Science, Technology and Innovation

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