Basque Tek Ventures
Basque Tek Ventures is a tech-transfer venture builder led by the Basque Government and SPRI aimed at supporting, accompanying and investing in the creation of new companies (deeptech) based on technologies generated by the Basque Research & Technology Alliance (BRTA) member centers. Basque Tek Ventures identifies and prioritizes the technological assets with the greatest potential, supports the creation of high-performance teams and accompanies the start-up of the company in collaboration with the network of BICs in the Basque Country. The initiative supports their access to the market through its own fund (BasquetekVenture, FCR) that invests in the new startups created.
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.