The Startup emerging enterprise certificate: a crucial recognition for boosting business growth

The Startup emerging enterprise certificate: a crucial recognition for boosting business growth

The Startup emerging enterprise certificate is, without a doubt, a crucial recognition for boosting business growth. In the fascinating universe of entrepreneurship, where innovation is the currency for business success, startups and entrepreneurs are constantly searching for ways to stand out and consolidate themselves in the competitive market.

Is in this scenario, that the “Certificate of Innovative Entrepreneurship and Scalability”, also known as the “startup certification”, emerges as a strategic tool governed by the recent Law 28/2022.

This certificate, awarded by the prestigious Empresa Nacional de Innovación (ENISA), not only validates the existence of an innovative and scalable business model, but also opens doors to unprecedented opportunities for entrepreneurial growth and recognition.

Join us to explore how this certificate, together with recent key laws such as the Create and Grow Law and the Startups Law, is transforming the entrepreneurial landscape, paving the way for startups towards success and sustainability.

ENISA Startup Certificate: a passport to success for innovative companies

The ENISA Startup Certificate has become the coveted badge for emerging companies seeking to excel in innovation and growth projection. Pursuant to Law 28/2022 and Order PCM/825/2023, this certificate is awarded to those companies that meet rigorous criteria, setting a high standard in the business landscape. The following standars are some of the key pillars of the certificate.

• Originality and novelty are essential standards.
• Growth potential.
• Scalability
• Market impact

In the certification process, originality and novelty are raised as essential standards. The degree of innovation is assessed in terms of the idea, product or service offered. In addition, it is positively assessed if the company adopts a disruptive approach in its industry, considering investments, motivated reports from the Ministry of Science and Innovation, and the possession of an Innovative SME Seal.

Growth potential is another key pillar. ENISA analyses aspects such as client expansion, revenue, market position and other key indicators. The soundness of the business model is subjected to an exhaustive review, verifying its coherence, viability and sustainability over time, adapting it to the startup’s project life phase.

Scalability becomes a crucial criterion. The ease with which the business can expand and grow is assessed by considering various factors, from market attractiveness to competition, equipment, and relationships with clients and suppliers.

Market impact is a vital consideration for ENISA. It analyses how the business can influence its target market and society in general, taking into account competitors and dependence on external factors.

The certification procedure starts with the electronic submission of the application on the ENISA web portal. Areas such as registration, applicant data, group of companies, business plan, ENISA loan, degree of innovation and scalability are covered. Innovation is demonstrated through awards, bonuses, innovation seals, patents, proprietary technology, and other objective criteria.

Scalability is assessed in terms of market attractiveness, life stage of the company, business model, competition, team, partners, suppliers and clients. It is important to note that the certification does not apply to the self-employed, but only to limited companies and cooperatives that meet specific requirements.

Benefits of the ENISA Certificate

The “Innovative Entrepreneurship Certificate” is not simply a seal; it is a key that unlocks a number of crucial benefits for startups and entrepreneurs. These benefits not only drive growth, but also provide critical recognition and support in today’s competitive business world. Here we highlight some of the key benefits offered by this certification:

1. Credibility accreditation

The certificate acts as an official accreditation, confirming that the startup has been recognised for its innovation and scalability potential. This credential boosts the confidence of potential investors, clients and partners, making it easier to build strong and lasting relationships.

2. Access to finance

Certification attracts the attention of investors and venture capital funds. By being assessed and recognised by ENISA for its innovative approach and scalability, the startup increases its chances of obtaining additional funding to boost its growth and development.

3. Visibility and recognition in the market:

The certificate provides greater market exposure, generating visibility and attracting new business opportunities. The distinction granted by ENISA can become a key differentiator in a competitive environment.

4. Access to support and mentoring programmes

Institutions and organisations offer specific support programmes for certified entrepreneurs. These programmes include advice, specialised training and access to networks of experienced mentors, providing valuable support for business growth.

5. Tax benefits

Certification brings tax benefits, such as a reduction of the corporate income tax rate to 15%, as set out in Law 28/2022. This provides considerable financial relief, allowing the startup to allocate more resources to innovation and expansion.

In conclusion, the Certificate in Innovative Entrepreneurship is a powerful tool that not only validates the work of a startup, but also opens doors to financial opportunities, strategic partnerships and business development.

These benefits not only translate into an economic boost, but also strengthen the startup’s position and long-term vision in the dynamic business landscape. An invaluable asset for those seeking not just to survive, but to excel in the entrepreneurial world.

On this path to business success, it is crucial to note that from Letslaw, our team of startups lawyers, provide comprehensive support in obtaining and advising you on how to make the most of this valuable certification thanks to our ENISA Startup Certification service. Together, we can propel your startup to new heights.