CDTI's €1 Billion Commitment to Innovation
Funding | Dec 03, 2024 | Centro para el Desarrollo Tecn
The CDTI (Centro para el Desarrollo Tecnológico Industrial), an agency under Spain's Ministry of Science, Innovation, and Universities, has committed over €1 billion to venture capital and co-investments through its Innvierte program. The funding is allocated to 17 venture capital funds across various sectors and stages of development, including seed and later-stage venture categories. Innvierte aims to enhance technological advancement and innovation by supporting investments in tech-driven and innovative companies. The investment is part of Spain's broader strategy for science, technology, and innovation from 2021-2027, aiming to grow the impact of R&D activities. Additionally, through co-investments, Innvierte supports 26 enterprises across various regions in Spain, matching funds from other pre-approved investors. The CDTI continues to be instrumental in boosting Spain's tech sector by funneling this substantial investment toward strategic and regional growth initiatives.
Sectors
- Venture Capital
- Technology
Geography
- Spain – CDTI is a Spanish entity, and the funding involves Spanish regions and companies.
Industry
- Venture Capital – The article discusses CDTI's commitments to venture capital funds via Innvierte.
- Technology – Focus on investments in tech-driven and innovative companies.
Financials
- 1006.9 million euros – Total investment by Innvierte in 17 venture capital funds.
- 38.5 million euros – Co-investment commitments by Innvierte in 26 companies.
- 51 million euros – Overall commitment in direct company investments.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| CDTI Innovación | Funding Agency | Government | The entity responsible for promoting innovation and technology development in Spain. |
| Innvierte | Investment Program | Government | A program under CDTI focused on supporting tech-driven ventures and co-investments. |