Basque Tek Ventures

A catalyst that transforms scientific discoveries into new business ventures

About

Basque Tek Ventures is a new initiative aimed at supporting and accompanying the creation of new technology-based companies (deeptech) supported by technologies generated by the centres belonging to the Basque Research & Technology Alliance (BRTA).

Projects based on high technology (deeptech) generate a greater impact and a higher productive transformation in terms of job creation and turnover, internationalisation, attracting investment and financing.

However, they are projects that are more difficult to implement, launch and consolidate, and have a high perceived risk that makes it difficult to obtain financing and attract talent.

Faced with this scenario, Basque Tek Ventures was created, which will have a positive impact on the main critical factors affecting the process of creating new technology-based start-ups, complementing and reinforcing the work being done by R&D agents and the Basque entrepreneurial ecosystem.

It is an itinerary that identifies and prioritises the technological assets with the greatest potential, supports the creation of high-performance teams and accompanies the start-up of the company and its access to the market.

An opportunity to develop and implement solutions and technologies to face present and future challenges.

Disruptive technologies

Deeptech assets

Talent

Support in setting up the
development team

0

Pre-seed technology
transfer fund

What it offers you

Basque Tek Ventures provides a complete programme of specialised high-impact services that focus on the critical aspects of the deep tech start-up creation process

• Scouting process
• Analysis of technological assets

• Design of the project’s road map
• Support in the configuration of high-performance equipment
• Expert advice/high-impact mentoring

• Facilitates the recruitment of the talent required for the project

• Pre-seed technology transfer fund (up to 250,000)

• Visibility and access to a network of investors specialised in different verticals.
• Powerful network of mentors who will support and guide the development of the projects.

• Access to the support services of the BICs
• Visibility and connection with the Basque Country’s industrial fabric

How

Basque Tek Ventures accelerates the marketing of the most promising technologies and the creation of new business fabric through a mentored process for the creation and acceleration of new technology-based start-ups

The selected projects receive comprehensive guidance and support that allows them to progress through the different stages of maturation.

The Basque Tek Ventures team takes an active role in the configuration and launch of the new start-ups, supporting them in the different phases and milestones of the process, reinforcing the attractiveness of the project for talent, industry and capital.

We collaborate with the Basque Research and Technology Alliance (BRTA), Gestión Capital Riesgo Euskadi and the BICs.

It brings together 3 main elements that are essential for the creation of solid business projects

DISRUPTIVE TECHNOLOGIES

ENTREPRENEURIAL TALENT

SEED FINANCING

Provides an expert and endorsed Venture Building process with high-impact support services

IDENTIFICATION AND VALUATION

External technology and market experts

ROAD MAP OPPORTUNITY

High-impact tutoring, training and mentoring

SETTING UP OF THE DEVELOPMENT TEAM

(at start-up or in specific cases)

PRE-SEED INVESTMENT

• Legal advice on technology transfer agreement
• Legal advice on company incorporation and expansion

VALIDATION AND ACCELERATION

• Incubation space at BIC
• Access to customers and investors
• Access to BIND 4.0
• Visibility in the media

Seeks disruptive technological assets, with high market potential and capable of addressing the challenges of the Basque Country’s strategic sectors

01_With own PI
02_Overall potential of the project
03_With a valuation of around €1M (pre-money)
04_Exclusive technology transfer
05_Assets from centres belonging to the Basque Research & Technology Alliance (BRTA)
06_Maturity level TRL5+
07_Market opportunity identified

And attracts and captures deep tech entrepreneurial talent

Basque Tek Ventures is looking for entrepreneurs with experience and attitude to take on a new business venture.

01_ Proven track record in the implementation of innovative initiatives.
02_ Experience in Business Development and fundraising.
03_ Strong leadership and communication skills.
04_ Fully dedicated availability to the project.
05_ Alignment with the intrinsic values of the programme: transparency, diligence and rigour.

Who it is for

Basque Tek Ventures is aimed at:

Centres belonging to the Basque Research and Technology Alliance (BRTA)

Those seeking to turn their technological assets into new business projects.

Deep-tech entrepreneurs

Those who will lead the development of new start-ups.

Investors and Companies

Those interested in new investment opportunities.

Advantages

Advantages of being part of Basque Tek Ventures

• Agile asset valuation process and methodologies, focusing on the creation of New Technology-Based Companies (NTBCs).
• Access to a Venture Building itinerary with top-level support services for the configuration of spin-offs.
• Ad-hoc fund aimed at investing in deep tech projects to finance the “valley of death”.
• Support in attracting entrepreneurial talent, connection with the market.
• Direct contact with industrial companies, i.e., potential customers or co-investors.
• Compliance with transfer indicators and objectives. Participation in the itinerary allows for increased Technology Transfer rates and impact, both internal (R&D revenues, licensing and disinvestment)
• Maximum transparency and ethics.

• Unique opportunity for entrepreneurship based on technological assets with market potential.
• Access to a Venture Building process with clear “game rules” and top-level support services for the configuration of spin-offs.
• Designs the Roadmap and accompanies you in all phases.
• Ad-hoc fund aimed at investing in deep tech projects to finance the “valley of death”.
• Facilitates access to financing. Venture Debt / equity

• Access to new investment opportunities (disruptive projects)
• Identifies the businesses with the greatest projection for you.

If you want to be part of this new business fabric, start here

Frequently Asked Questions

Solve your doubts

Basque Tek Ventures is an itinerary specially designed to support the creation of deep-tech start-ups. It seeks to be a catalyst for new business projects based on the most innovative technologies from the centres belonging to the Basque Research and Technology Alliance (BRTA). In collaboration with BRTA and the BICs, Basque Tek Ventures accelerates the marketing of the most promising technologies and the creation of new business fabric through a mentored process for the creation and acceleration of new technology-based start-ups.

Basque Tek Ventures is mainly aimed at:

  1. Centres belonging to the Basque Research and Technology Alliance (BRTA) that are looking to convert their technological assets into new business projects.
  2. Experienced entrepreneurs looking to embark on the adventure of creating a deep-tech start-up.
  3. Investors and companies interested in new investment opportunities.

The initiative is led by the Basque Government’s Department of Economic Development, Sustainability and Environment through its development agency SPRI, in collaboration with BRTA and the Basque BICs.

Basque Tek Ventures will give priority support to projects that propose the transfer of technological assets with their own IP, likely to become innovative solutions that solve a real problem, for a market with high growth potential, and reflect the Centre’s commitment to the creation of science and technology-based companies.

Any intangible asset resulting from the R&D process developed by one of the Centres belonging to the Basque Research and Technology Alliance (BRTA) and susceptible of being protected and transferred, with the aim of tackling the process of creating a technology-based company.

Request here

Are you interested in high-tech projects with the capacity to generate greater market impact?

To participate in this initiative, either by contributing technological assets or if you are a talented developer with the capacity to turn them into business projects, please fill in this form and we will contact you

Doubts?
Contact us.

Basque company customer service line

Call us at: 900 929 393

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