CDTI Commits Over €1 Billion in Venture Capital Funds Through Innvierte
Funding | Dec 03, 2024 | Centro para el Desarrollo Tecn
El CDTI Innovación, an entity under the Spanish Ministry of Science, Innovation, and Universities, has committed substantial financial resources to promote technological and innovative growth in Spain. Through its Innvierte program, CDTI Innovación has set aside over €1,000 million in participation portfolios across 17 venture capital funds and 28 co-investments. This initiative aligns with Spain's 2021-2027 Science, Technology, and Innovation Strategy, aiming to bolster R&D efforts across multiple stages of company maturity and sectors such as bio-health, information and communication technology (ICT), industry, and energy. The investment will see distribution across several autonomous communities, including Catalonia, Madrid, and the Basque Country, and is designed to support seed and later-stage companies, bringing together international investors to foster project support and innovative development. This effort is further supported by CDTI Innovación’s broad international network, promoting technological transfer and Spanish participation in cooperative technological programs worldwide.
Sectors
- Venture Capital
- Technology and Innovation
- Bio-tech and Health
Geography
- Spain – The CDTI Innovación and the Innvierte initiatives are based in Spain, targeting Spanish autonomous communities such as Catalonia, Madrid, and the Basque Country.
Industry
- Venture Capital – The significant focus on venture capital investments, allocating over €1 billion to various funds, highlights the role of venture capital in financing innovative technology-driven enterprises.
- Technology and Innovation – The article emphasizes the investment in technological and innovative companies that are prioritized within Innvierte's portfolios.
- Bio-tech and Health – Investments in the bio-health and agrifood sectors are explicitly mentioned, indicating a focus on biotechnology and health-related industries.
Financials
- 1,006.9 million euros – Committed by Innvierte to 17 venture capital funds.
- 38.5 million euros – Commitment towards 26 co-investment companies.
- 51 million euros – Total commitment for strategic co-investments approved in addition to the regular investment plans.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| CDTI Innovación | Investor | Government | A public entity under the Spanish Ministry of Science, Innovation, and Universities, promoting innovation and technological development in Spanish companies. |
| Innvierte | Investment Vehicle | Company | A government-backed investment program aimed at supporting venture capital in technology-based and innovative companies. |
| Ministry of Science, Innovation and Universities | Governing Body | Government | The ministry responsible for overseeing national policies in science, innovation, and higher education. |