At TECNALIA Ventures we focus our efforts on the creation of a venture building ecosystem in order to help TECNALIA transfer its technology to the market. We connect the three fundamental pillars of any innovation ecosystem: minds, management and money. MINDS: people / organizations focused on the generation of technology-based ideas that solve P&L problems to the industry. MANAGEMENT: people with an entrepreneurial profile / business vision capable of transferring the technology developed by the minds to the market, thus generating real business opportunities. These are profiles to which the value proposition of transforming a technological spin-off into a growing SME is attractive to them. MONEY: smart investors that not only provide the necessary financial muscle to transform technologies into revenues but are also committed to supporting the development of the company. Therefore, we offer services such as: acceleration programs, entrepreneurs’ club, technology transfer training programs, support for business diversification, set up of proof-of-concept funds, etc. We aim to turn innovative technological assets into new profitable and sustainable businesses. Our investment criteria are the following: • Resolution of a relevant P&L problem by the means of a differential technological value proposition. • Competitive advantage based on an industrial/intellectual property. • Skin in the game team that combines technological but mainly commercial skills (execution and traction) • Potential impact in terms of creating new industrial tissue, thus generating jobs and GDP. Since our inception in 2013, we have established ourselves as a key tool for enhancing R&D. As of the 31st of December of 2016, we have promoted 22 active companies and we have a portfolio of 13 investments, which accumulate 33.5 million euros in turnover and generate 267 jobs.