The CDTi has granted HYDRAREDOX IBERIA, S.L. financial support under the Neotec Program


Madrid,21 February 2017

The CDTi has granted HydraRedox Iberia S.L. (HydraRedox) financial support for € 208,250 to carry out its project within the Neotec program.

The NEOTEC Program aims to support the creation and consolidation of technology-based companies.

The most important requirement of the proposals supported by this programme is a business strategy based on the development of a technology (the technology must be the differentiating competitive factor for the company), based on the creation of proprietary R&D&i.

The tasks to be carried out by HydraRedox within the Neotec program include the optimization and installation of a plant to produce the electrolyte, and the installation and optimization of the assembly plant for the electrochemical cells.

The Centre for the Development of Industrial Technology (CDTI) is a Public Business Entity, answering to the Ministry of Economy, Industry and Competitiveness, which fosters the technological development and innovation of Spanish companies. It is the entity that channels the funding and support applications for national and international R&D&i projects of Spanish companies. The CDTI thus seeks to contribute to improving the technological level of Spanish companies.