ENISA

What ENISA does

ENISA (Empresa Nacional de Innovación, SME, SA) is a Spanish state-owned public company, founded in 1982 (alternate founding date 1980) and headquartered at Avenida del General Perón 38 in Madrid, operating under the General Directorate of Industrial Strategy and SMEs within the Ministry of Industry and Tourism. The organization exists to provide alternative financing to Spanish small and medium-sized enterprises with innovative, viable projects, addressing the well-documented funding gap between early-stage startups and traditional bank credit. Its core products are participative loans (préstamos participativos) issued without collateral and at euribor-linked rates, delivered through five financing lines: Jóvenes Emprendedores (€25k-€75k for founders under 40 within their first 24 months), Emprendedores (up to €300k for early-stage entrepreneurs), Crecimiento (€25k-€1.5M for growth and internationalization), Agroinnpulso (agri-food digital transformation, managed jointly with the Ministry of Agriculture), and Emprendedoras Digitales (digital women entrepreneurs, supported by the Ministry of Economic Affairs).

Underlying the lending operation, ENISA runs an integrated management system called PROMETEO, with SAP ERP for enterprise resource planning and Liferay for web content management; the front-end distribution channel is a self-serve client portal (portaldelcliente.enisa.es) where applicants submit, track, and formalize loans digitally. Beyond lending, ENISA holds a statutory role as the certifying body for innovative startups under Spain's Startup Law (Ley 28/2022), a process that grants successful applicants access to the Startup Visa and related tax and regulatory benefits. The organization also co-organizes the EmprendeXXI Awards with CaixaBank (19th edition, 2025) and operates the Spain Up Nation country-brand initiative.

The business model is non-commercial: ENISA distributes public capital rather than generating SaaS or product revenue, with interest on participative loans (euribor + 2-4.25% first tranche; 3-8% second tranche) and a 0.5% opening commission as its principal economic inflow. Customer segments are segmented vertically by company stage and demographic, including young entrepreneurs, growth-stage SMEs, agri-food innovators, female digital entrepreneurs, and certified startups. As of the most recent disclosures, ENISA has disbursed approximately 9,806 loans totaling €1.516 billion to 8,496 companies, and certified over 2,100 startups under the Startup Law. The company is wholly state-owned with no external shareholders, no M&A history, no subsidiaries, and operates with a lean team of 11-50 employees.

Name

ENISA

Legal name

Empresa Nacional de Innovación, SME, SA

Website

https://enisa.es

Company type

Private

Founded year

1980

Operating status

Operating

Headcount range

101–250 employees

Short description

ENISA is a Spanish state-owned public company under the Ministry of Industry and Tourism that provides collateral-free participative loans and Startup Law certification to innovative Spanish SMEs and startups across multiple sector-specific financing lines.

Ownership category

akta.pro rank

Product category

Public SME Development Finance

NAICS

Credit Intermediation and Related Activities (522)

SIC

Loan Brokers (6163), Short-Term Business Credit Institutions (6153)

akta.pro primary industry

Private Sector & Blended Finance Arms (IFC-type) (BPADACAJ)

akta.pro secondary industries

Technical Assistance, Policy Lending & Capacity Building Programs (BPADACAN), SBA/USDA Government-Backed Loan Intermediation (FSAEAEAI), Agricultural & Rural Development Banks (FSABAKAE)

Keywords

• Participative SME loans
• Startup financing Spain
• Innovative enterprise funding
• Startup law certification
• Public development finance

Headquarters

HQ city

Madrid

HQ country

Spain

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Participative Loans: ENISA provides participative loans (préstamos participativos) to Spanish SMEs with innovative projects. Loans range from €25,000 to €1,500,000 with interest rates tied to euribor plus margins, and opening commissions of 0.5%. No collateral required.

Pricing tiers

Distribution channels3 records

Marketing channels9 records

Core offering

ENISA provides participative loans (préstamos participativos) to Spanish SMEs and startups with viable, innovative business projects through multiple financing lines differentiated by company stage and sector (Young Entrepreneurs, Entrepreneurs, Growth, AgroInnpulso, Digital Women Entrepreneurs). In parallel, the organization certifies innovative startups under Spain's Startup Law (Ley 28/2022) so they can access tax benefits and startup visa programs, and co-organizes the EmprendeXXI Awards with CaixaBank.

Product overview

ENISA (Empresa Nacional de Innovación, SME, SA) is a Spanish state-owned company under the Ministry of Industry and Tourism that provides financial support and certification services for innovative SMEs and startups. The organization operates multiple financing lines including Jeunes Emprendedores (for young entrepreneurs), Emprendedores (for early-stage entrepreneurs), Crecimiento (for growth-stage companies), AgroInnpulso (for agri-food sector), and Emprendedoras Digitales (for digital women entrepreneurs). ENISA also certifies startups under Spain's Startup Law (Ley 28/2022), enabling access to tax benefits and other advantages. Additionally, ENISA co-organizes the EmprendeXXI Awards with CaixaBank and supports the Spain Up Nation brand initiative. The organization has financed over 8,300 companies with approximately €1.4 billion across 9,600 loans and certified more than 2,100 startups under the Startup Law.

Differentiator

Problem solved

Functional benefit

Brands

• EmprendeXXI Awards: Annual awards program co-organized with CaixaBank to support innovative technology companies in Spain and Portugal
• Spain Up Nation

Products and services

• Préstamos ENISA (Participative Loans for Startups and SMEs) ENISA's core participative loan (préstamo participativo) product providing alternative financing to Spanish SMEs and startups with viable and innovative business projects. Loans range from €25,000 to €1,500,000 with euribor-linked rates, 0.5% opening commission and no collateral required, targeting early-stage and growth-stage companies that struggle to access traditional bank financing.
• Línea Jóvenes Emprendedores (Young Entrepreneurs Line)

Quantifiable outcome

• 8,300 companies financed with €1.4 billion across 9,600 loans
• +3 more outcomes

Named customers15 records

Segments6 records

Ideal customer profiles6 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Five partnerships are on record, tiered flagship and core.

• OECDflagshipOthers · 30 March 2026OECD published 'Entrepreneurial Ecosystem Diagnostics of Spain' report recognizing ENISA as key institutional pillar. Report recommends strengthening ENISA's growth-stage financing role.
• NovantacoreStrategic or Co-development Partner · 18 March 2026Nasdaq-listed medical technology company joined Health Lean Analytics as strategic and technology partner, taking board seat, providing RFID and sensing hardware, and US market access.
• CaixaBankcoreGTM or Marketing Partner · 22 October 2025Joint launch of the 19th edition of the EmprendeXXI Awards, supporting innovative technology companies in Spain and Portugal with financial support and access to support programs.
• Ministry of Agriculture, Fisheries and FoodcoreOthers · 15 October 2025ENISA manages the Agroinnpulso financing line for digital transformation of agri-food sector, with €15 million increase authorized by Council of Ministers.
• Ministry of Industry and TourismflagshipOthers · 1 September 2025ENISA operates under the Ministry of Industry and Tourism and distributes grants (€33M to 222 SMEs in September 2025) with Ministry support.

Scale indicators9 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Bpifrance: France's public investment bank providing financing, guarantees and equity to SMEs and startups. Operates as the closest analogue to ENISA in terms of providing state-backed alternative financing for innovative ventures.
• Instituto de Crédito Oficial (ICO): Spain's state-owned financial institution supporting SMEs and corporate financing under the Ministry of Economic Affairs and Digital Transformation. A direct domestic counterpart to ENISA under a different ministry.
• CDTI: Spanish public entity financing R&D and innovation projects at Spanish companies. Works alongside ENISA in co-financing rounds for technology startups and is mentioned in ENISA's partnership ecosystem.
• Finnvera: Finnish state-owned financing company providing loans and guarantees to SMEs and startups, with a particular focus on innovation financing. Comparable to ENISA's European SME financing mandate.

Broad incumbents

• KfW: Germany's state-owned development bank financing SMEs, innovation, and entrepreneurship domestically and abroad. Much larger scale, but mirrors ENISA's mandate of providing public financing to innovative businesses.
• European Investment Fund (EIF): EU-level fund-of-funds providing VC, growth and SME financing across Europe. Provides broader pan-European access to growth-stage capital, complementary to ENISA's domestic mandate.
• Business Development Bank of Canada (BDC): Canadian Crown corporation providing financing, capital and advisory services to Canadian SMEs. Comparable model of state-owned development bank targeting innovative small businesses.
• SIDBI (Small Industries Development Bank of India): Indian principal financial institution for SME and startup financing, providing credit and equity capital to innovative ventures. Analogous mandate as a state-backed small-business development bank.

Regional players

• Cassa Depositi e Prestiti (CDP): Italy's state-owned development finance institution supporting SMEs and infrastructure. Comparable structure as an EU-based state financing entity but operates domestically in Italy rather than competing in Spain.

Others

• Banco Europeo de Inversiones (BEI / EIB): EU's long-term lending arm, often co-financing with national development institutions like ENISA for innovation and SME projects. Functions as an upstream enabler for institutions like ENISA.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/enisa
• YouTubeyoutube.com/channel/UCvvKkSZG1Z51x2TmkQ6l1zg
• Facebookfacebook.com/enisa.online
• LinkedInlinkedin.com/company/enisa
• Instagraminstagram.com/enisa_sm/?hl=es

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments234 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about ENISA