Fond-ICO Next Tech
Fond-ICO Next Tech was created with the aim of promoting the development of innovative, high-impact digital projects and investment in growth companies (scale-ups).
Promoting entrepreneurship and the scalability of projects in new digitalisation technologies is essential to boost the recovery and transformation of the Spanish production model, making it more competitive and capable of generating employment.
Fond-ICO Next Tech is a joint venture between the Instituto de Crédito Oficial , Axis and the Secretary of State for Digitalisation and Artificial Intelligence, included in the National Recovery, Transformation and Resilience Plan, which aims to promote the development of innovative, high-impact digital projects and investment in scale-ups by supporting public financing instruments, attracting international funds and boosting the venture capital sector.
The fund was set up with the aim of mobilising up to 4 billion euros in public-private partnerships with the Spanish venture capital sector by taking stakes and investing in companies/funds specialising primarily in the following digital and artificial intelligence sectors: