Since the start of the 2022 fiscal year, the Institut Valencià de Finances (IVF), acting for Generalitat, has approved 22 operations to boost entrepreneurship and support initiatives across the Valencian Community, totaling 7.3 million euros.
Manuel Illueca, IVF’s managing director, highlighted the pivotal role of the institution as a financier for emerging ventures in the Valencian Community. He noted that the region is known for its disruptive innovation and stressed that IVF will continually back Generalitat efforts that add value to the productive fabric.
He also acknowledged IVF’s support for new dedicated lines of industrial assistance and said that the region is increasingly becoming a reference point for startup financing and entrepreneurship projects. This comes from a commitment to fund ventures without a long business background on highly favorable terms.
Indeed, the Ministry of Finance, through IVF, already offers a portfolio of financial products that cover every stage of a company’s life, with favorable conditions for both early and more mature ventures.
Among the products available to newly created companies in the first seven months of 2022 are: destructive subordinated loans and participatory loans, complemented by activities carried out through venture capital funds managed by IVF in partnership with private institutions.
Destructive subordinated loans have recently benefited companies with a strong innovative component that run projects focused on product marketing and improvements to products, components and materials, software development, or related technical enhancements.
This financing line also supports expansion or consolidation of general operations, entry into new markets, and the development of new activities.
IVF approved seven operations under this financing line in 2022, allocating a total of 5.1 million euros to these efforts during the year’s initial months.
Beneficiaries of these secondary loans include Zeleros Global, Tuvalum Sports, Mysphera, Greene Waste to Energy, and Feedect Entogroup.
Another notable instrument is the line of participatory loans in co-investment with private investors, recently expanded to a budget of 6 million euros. This line finances startups with a strong innovative component and fosters collaboration with private partners.
During 2022, seven Valencian startups benefited from the public-private cooperation offered by these participatory loans, representing a valuable co-investment opportunity with private investors. The six companies involved, including Suyndeno, Stayforlong, Fixme Corporate and Skroller, collectively received 1.2 million euros in funding.
In addition, eight operations were completed through venture capital funds in which the Institut Valencià de Finances participates. These funds include THINK BIG – FUND I, The Lab Ventures Fund I, DRAPER B1 III, and FCR-PYME funds. The total investment channeled through these funds amounts to 926,465.71 euros.
These figures illustrate IVF’s ongoing commitment to fostering entrepreneurship across the Valencian Community by providing strategic financial tools that support early-stage ventures, promote innovation, and stimulate collaboration with private capital. The overarching goal remains clear: strengthen the regional innovation ecosystem and accelerate the growth of high-potential startups.