Description
The Fond-ICO Next Tech is a joint initiative between the Institute of Official Credit (ICO) and Axis, in collaboration with the State Secretariat for Digitalization and Artificial Intelligence. Its aim is to transform the Spanish productive model, enhancing its competitiveness and job creation capacity.
This is a “fund of funds” designed to boost the growth of technology-oriented startups, fostering private capital development in Spain and attracting international investment. Fond-ICO Next Tech makes direct investments in companies, as well as investments in venture capital funds and other types of funds or corporate vehicles.
For the promotion of your startup or the scalability of your projects based on new digitization technologies, you can submit your project to this fund, endowed with 4 billion euros and designed to mobilize up to 8 billion euros in a public-private collaboration alongside the Spanish venture capital sector.
Application deadline
Geographical scope
Types of assistance
Benefit
From 25.000 € to 1.500.000 €
Calling entity
Topic
Requirements
There are specific requirements for different types of beneficiaries. However, in general, Fond-ICO investments will primarily target companies established in Spain, with a strong technological and innovative component, in growth phases, and with investor presence in their shareholding structure.
Read less