“TECNALIA Ventures and Banco Santander will promote the development of Spanish deep tech startups and SMEs”
TECNALIA Ventures, TECNALIA’s Deep Tech Venture Builder, has signed a collaboration agreement with Banco Santander to support deep tech entrepreneurship initiatives
Yesterday, 14 March, TECNALIA Ventures and Banco Santander signed a collaboration agreement to increase support for entrepreneurs and deep tech startups, offering them several financial and non-financial solutions. Thanks to this agreement, both organisations have strengthened the terms of their long-standing collaboration, aligning the objectives and competencies they develop in the field of entrepreneurship.
Boosting the development of Spanish deep tech startups and SMEs
Thanks to this agreement, TECNALIA Ventures and Banco Santander will promote the development of Spanish deep tech startups and SMEs. They will jointly disseminate the value proposal of the startups they support and give them access to information on funding programmes.
Banco Santander supports entrepreneurs, startups and scaleups at all stages of their development. Through Santander Startups, Banco Santander offers a full range of services and products aimed at innovative companies with scalability and growth potential. In addition to a €100 million fund to fund early-stage tech startups and specific financial solutions that adapt to each stage of the growth cycle, the bank offers various measures to support them and help them to develop.
And through Santander X, the bank helps them to create opportunities, consolidate and grow through training, advice and resources to advance and scale up their business.
The agreement contains four main lines of action
The agreement includes many points like collaborative actions to promote projects and initiatives from the Deep Tech Startup ecosystem, as well as joint initiatives to strengthen the activity of both entities.
Specifically, the agreement includes four main lines of action:
- Startups: TECNALIA Ventures will help to identify and refer entrepreneurs and, in return, the start-ups it manages will have a direct communication channel with various territorial startup managers of the Banco Santander branch network.
- Workcafés: Banco Santander will offer TECNALIA Ventures and its start-ups its network of workcafés, a new innovative office model that brings together in the same space the provision of banking services, coworking areas and a café, in an environment of advanced digitalisation where talks, meetings, presentations or courses of interest can be organised, as well as having the support of specialised managers.
- Recovery, Transformation and Resilience Plan: actions required at any given time will be developed jointly to let SMEs know about any available funding, for which several actions may be carried out, such as the personalised advisory service provided by Banco Santander to TECNALIA Ventures and its start-ups.
- Support and tools for internationalisation: in order to help TECNALIA Ventures and its startups in their internationalisation process, Banco Santander offers them access to the Santander Trade platform, which is part of the Santander Trade Club, where they will find information to market the products and services of the associated companies (an exclusive B2B business community).
