Andalusia has 4 new venture capital funds for SMEs

The Andalusian innovation agency signed last week the contracts for financial intermediation services with the four Andalusian innovation managers. venture capital is winners in October of the Community initiative call for tenders JEREMIE. The winning fund managers were 4 well-known firms from the venture capital is in Spain: Avindia, Axon, Alta Partners and Gedsur.

"Public-private partnerships are one of the best ways to incentivise the investment in technology companies or in early-stage companies. In Germany, they know this all too well, with the example of http://www.high-tech-gruenderfonds.de/. It is a public-private partnership, including 14 industrial groups, such as Daimler, Deutsche Post, Deutsche Telekom, etc. In Spain, the industrial groups are missing", analyses Diego Gutierrez of Abra Invest.

Avindiathe team comes from investments in the renewable energy and infrastructure sector. Its strategy is multi-sectoral but with a clear focus on strategic and emerging sectors such as the internet, cleantech (clean technologies and energy efficiency) and biotechnology.

Axon, has a longer track record as a fund manager. It currently has 8 investee companies in its portfolio, including the well-known zinkia, wuaki.tv or aquamobile. Its international orientation stands out for having raised a fund to introduce Indian technology companies in Europe or the agreement with the Telefónica Amerigo fund for Colombia.

High Capital development,  was born in 2000 and since then has promoted and managed the following Venture Capital Funds and Companies: Aurica XXI, Invernova: public venture capital focused on start-ups,Ingenia Capital (private equity development-expansion), Fons Enginyers: Institutional venture capital fund promoted by the Professional Associations of Industrial Engineers and Telecommunications Engineers of Barcelona, CTecno and Banc SabadellSince its founding Alta Partners Capital has managed more than 20 investments and divestments. Its current portfolio includes http://www.kubiwireless.com/, http://www.telemedicineclinic.com/ e http://www.isoco.com/.

Gedsur, is the only local fund in Andalusia, owned by the Junta de Andalucía, several savings banks and Andalusian business families. One of its best-known operations was its participation in Cellulem Block in 2007.