CO-INVEST IN ANDALUSIAN DEEPTECHs

Brief description of the ecosystem and differentiation factors

 

 

 

The Andalusian business ecosystem is characterized by its diverse economy, strategic location, and growing reputation as an innovation hub. With thriving sectors such as agriculture, tourism, manufacturing, renewable energy, and technology, Andalusia offers opportunities for businesses across various industries to flourish. Its strategic position as a gateway between Europe, Africa, and the Americas facilitates international trade and investment. Supported by a skilled workforce and a supportive ecosystem of startups, accelerators, and research institutions, Andalusia continues to attract entrepreneurs and businesses seeking growth and innovation.

National and regional framework

The national framework in Spain provides a stable political and legal environment conducive to business growth and investment. At the regional level, Andalusia offers tailored regulations, incentives, and support programs to stimulate economic development and entrepreneurship. These include tax incentives, grants, and collaboration initiatives between government, business, and educational sectors. Together, these frameworks aim to create a supportive environment for businesses to thrive, foster innovation, and drive sustainable economic growth in Andalusia.

 

More information about:

  • Foreign investment in Spain here (Source: Spanish Ministry of Economy, Commerce and Business).
  • Spanish current legislation of Investment Firms here (Source: National Securities Market Commission – CNMV).
  • Invest in Andalucía here (Source: Andalusian government)

Main strategic sectors in Andalusia

  • Aerospace:

The aerospace industry in Andalusia is a major contributor to the region’s economy, representing a significant portion of GDP and manufacturing activity. With over 130 companies and notable players, the sector provides thousands of direct and indirect jobs and has experienced substantial growth since 2007.

Strategic segments:

  • Satellite development
  • Aircraft maintenance
  • Pilot training
  • Food and nutrition:

Andalusia’s diverse industry, with over 7,000 companies, generates 52,000 jobs and €13 billion in turnover, making it Spain’s main exporting region known for quality. It leads in olive oil production, European fruit and vegetable supply, and organic farming.

Strategic segments:

  • Olive oil production
  • European fruit and vegetable supply
  • Organic farm
  • Chemicals:

Andalusia’s chemical industry, the second largest in Spain, is recognized for its competitiveness, particularly in energy production and metal transformation. With over 200 companies and 28,000 employees, it generates a turnover of €26.4 billion.

Strategic segments:

  • Transformation and handling of biodegradable plastics.
  • Development of technological solutions for application of fertilizers, detergents and paints.
  • Transformation of non-ferrous metals
  • Crude refining.
  • Metal:

The region excels in automotive, naval production, defense, and repair. Additionally, Andalusia is a leader in rail technology and dominates in cold generation. With over 9,000 metal industry companies providing 75,000 jobs and a turnover exceeding €9 billion.

Strategic segments:

  • Machinery and equipment manufacturing.
  • Production of metal components for the automotive industry.
  • Manufacturing of metal products for construction.
  • Metallurgy.
  • Metal transformation.
  • ICT:

Andalusia stands as the third-largest player in Spain’s ICT industry, boasting ample talent and resources for software development, technology testing, and outsourcing. It serves as an ideal urban laboratory for experimenting with innovative applications and services for smart mobility and cities and leads Europe in FIWARE technology centers. With 3,200 companies, the sector provides over 25,000 skilled jobs and exceeds €2.8 billion in turnover.

Strategic segments:

  • Electronic hardware/data Blockchain.
  • Information technologies.
  • Outsourcing.
  • Telecommunications.
  • Cybersecurity.
  • Artificial intelligence (AI).
  • Internet of Things (IoT).
  • Cloud computing.

Key actors of the Andalusian ecosystem

Public Institutions:

Enisa: National Innovation Company dedicated to financing viable and innovative business projects of Spanish SMEs.

Recovery, Transformation and Resilience Plan European Union mechanism set up to promote a package of reforms and modernization investments in green and digital keys in Spain.

 

Technological Communities:

Association of Science and Technology Parks of Spain: nonprofit association whose main objective is to collaborate, through empowerment and dissemination of scientific and technological parks, renewal and diversification of productive activity, technological progress and economic development.

Disruptive Platform: Spanish technological platform for disruptive technologies

 

Start-up support entities:

Aptenisa: Startup ideation and acceleration program from Enisa.

Startup Acceleration Program from the National public School of Industrial Organization. Its objective is to provide startups and innovative entrepreneurs, from all sectors, with specialized advisory activities aimed at growing and developing their business.

 

Financing Entities:

Invest in Spain: executive division of ICEX Trade and Investment, a publicly owned business-oriented entity of the Spanish Ministry of Economy, Trade and Business’s Secretary of State for Commerce to promote foreign direct investment in Spain and to support business owners and entrepreneurs that want to set up their companies in Spain.

Invest in Andalucía is an initiative of the Andalusian government to attract investment that favors the development of Andalusia, diversifying the production network and fostering the recruitment of qualified labor.

GofundMe: number one and most reliable platform to raise funds through the Internet

Lánzanos: offers training services and workshops on Crowdfunding and new forms of financing.