The MICINN encourages private investment in venture capital in the bio sectors and industrial technologies in INNVIERTE sustainable economy programme.

-The Ministry of science and innovation, through the CDTI, has begun within the framework of the sustainable economy INNVIERTE programme, two public procedures in the bio and sectors of industrial technologies, selection of private investment initiatives that form part of investors projects public-private venture capital

-the goal is for companies participating in private initiatives finally chosen to exercise companies tractors of those small and medium-sized technology companies that develop their activity in the environment in these sectors, are owned by finally constituted investment vehicles

-private investment initiatives that attend both selection procedures shall be formed by leading companies in the bio and fields of industrial technologies

Spaina, 2011-September the Ministry of science and innovation, through the Centre for Industrial technological development (CDTI), has launched the selection process to choose private investment initiatives involving investors projects private venture capital in the bio sectors and industrial technologies.

Both selection procedures are part of the sustainable economy INNVIERTE programme to the Ministry of science and innovation, through the CDTI, being implemented with the aim of fostering, through public-private venture capital, development and consolidation of innovative technology-based companies and high potential for economic growth.

Sector bio

The selection process of private initiatives of industrial capital in the bio sector considers both companies operating in the pharmaceutical sector in the sectors of biotechnology for human health and the health technology (products, equipment and software for medical use), all of them high-tech and knowledge-intensive. These sectors are characterized by their high productivity and growing presence in international markets. In fact, companies that are framed in the same are leaders featured in investment in industrial r & d in Spain, which generates important positive effects on the whole of the economy.

Industrial technologies

Similarly, in the field of industrial technologies CDTI provides for sectors of activity aimed at generating industrial sector to develop innovative products and processes. These sectors, which are characterized by being very globalized, technology and innovation, key tools needed to continue competing.

As a result of both selection procedures, the CDTI shall elect one or several initiatives of private investment in each of the areas to which they are confined. The aim is that companies tractors that participate in this initiative enhance the activity of investments – small and medium-sized technology companies in this sector – which will provide not only funding, but also capacity management, internationalization and market knowledge.

INNVIERTE sustainable economy programme is part of the State strategy of innovation (e2i). Specifically, INNVIERTE sustainable economy is one of the preferred shares of the first of the five pillars of the e2i, which integrates all actions designed to achieve an environment of financing that encourages and facilitates innovative activity.

The deadline for submitting proposals ends October 7 investment initiatives private who attend this selection procedure may be formed by a single leader or a set of leading companies in the sector in which there are. Thus ensures that participants provide knowledge of the business, market and technology, as well as access to new customers and opportunities of globalization. In order to demonstrate these capabilities, each initiative participants shall justify high market share and leadership in the sector at the national level, high percentage of investment in r & d activities with respect to its turnover and large international presence.

Private capital there in every private investment initiative (n) committed the (s) Enterprise (s) leader (s) that integrate must be equal to or more than 12 million euros.

In both cases, the deadline for submitting proposals is open from September 1 until October 7, 2011.