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.
• 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
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.
DISRUPTIVE TECHNOLOGIES
ENTREPRENEURIAL TALENT
SEED FINANCING
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
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
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.
Those seeking to turn their technological assets into new business projects.
Those who will lead the development of new start-ups.
Those interested in new investment opportunities.
• 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.
Basque Tek Ventures is mainly aimed at:
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.
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
UP Euskadi
