The Valencian Innovation Agency Approves a New Governing Team and a 2024 Budget Plan
The Valencian Innovation Agency, known by its initials AVI, revealed a new board of directors during a recent session. The board is led by Nuria Montes, who serves as the Minister of Innovation, Industry, Trade and Tourism. The group outlined a preliminary draft budget for the year ahead, proposing a total allocation of 68.6 million euros. This amount reflects a 9.4 percent reduction from the previous year, yet the Generalitat clarified that the adjustment will scarcely affect the agency’s core programs or its capacity to meet payment obligations tied to assistance appeals. These commitments remain central as AVI continues to support ongoing initiatives and emergent projects that strengthen the regional innovation landscape.
The budget plan presented marks a new approach developed under the Department of Innovation, Industry, Trade and Tourism. It is designed to guarantee the rollout of additional actions aimed at reinforcing and improving the innovation system across all territories of the Valencian Community. In practical terms, the document emphasizes continuity and prudence, ensuring that essential programs continue to move forward while maintaining fiscal discipline that aligns with broader economic priorities.
Nuria Montes highlighted the significance of this draft, framing it as a key instrument for advancing community policies that foster entrepreneurship and innovation. Her remarks underscored AVI’s role in translating policy into tangible support for researchers, startups, and established companies seeking to scale their operations within the region. The aim is to create a more vibrant entrepreneurial environment that can attract investment, talent, and collaboration across sectors.
The government, led by Carlos Mazón, reaffirmed its commitment to companies operating within the Valencian economy and to the continuous improvement of the local competitive ecosystem. Beyond the fiscal numbers, the administration emphasized strategic measures to optimize economic policies carried out by the Autonomous Administration. The focus remains on enabling a favorable climate for innovation, reducing barriers to growth, and aligning public resources with private sector needs to drive sustainable development across Valencia.