Contact
For more information and requests, you can direct your inquiries to: info.next-tech@digital.gob.es
Why Fond-ICO Next Tech?
To transform the Spanish productive model through strengthening the technological sector, providing our economy with higher levels of competitiveness and job creation capacity is crucial. Promoting entrepreneurship and the scalability of projects in new technologies is essential.
Fond-ICO Next Tech is a joint initiative of the Official Credit Institute (ICO) and Axis with the State Secretariat for Digitalization and Artificial Intelligence, included in the National Plan for Recovery, Transformation, and Resilience.
The fund is endowed with 4 billion euros of public money, with the objectives of public-private collaboration, strengthening the Spanish venture capital sector.
Axes:
- Enhancement of public financing instruments.
- Attraction of international funds.
- Boosting the venture capital sector.
- Promotion of growth in Deep Tech companies.
Instruments:
- Equity and quasi-equity participation in companies.
- Investment commitments in specialized funds through their managers.
What sectors?
Primarily in Deep Tech, including among others:
- Provide the Deep Tech sector with sufficient funding for its growth.
- Anchor and attract companies and economic activity to Spain by offering competitive financing.
- Develop the size and capacity of the venture capital sector in Spain.
- Attract and retain innovative national and international talent in the digitalisation sector.
- Attract international funds and investors to national companies and projects.
Fond-ICO Next Tech invests in both venture capital funds and corporate funds/vehicles as well as in companies that meet the fund's investment criteria.
Fond-ICO Next Tech aims to channel investments, which can amount to up to 49%, either through other funds or directly in companies that feature four fundamental components:
