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Fund Bi

“Seed Capital Bizkaia BI”, F.C.R. de Régimen Simplificado

What is it?

This is a venture capital Fund set up in 2006.


Objective

Help the consolidation of innovative business initiatives


Aimed at:

  • Consolidated small and medium-sized companies with a clear innovative slant and preferably a technological base.
  • With growth and job creation potential
  • Preferably in sectors of: new information and communication technologies, life sciences and renewable energies.

Investments

  • Up to 1 million € in capital and loan

Investment Instruments

Participation in Share Capital

  • Minority 45 %
  • Amount: Up to 1 million €
  • Permanence: 5/7 years
  • Agreed exit: We give priority to the promoter group to buy back our participation.

Participative Loans

  • Subordinate enforceability
  • Interest rate:
    • Fixed :Euribor + 2.5
    • Variable: according to results
    • Total cost: max Euribor + 5
  • No additional guarantee
  • Amount: Up to Equity
  • Term: Up to 7 years, 2 years grace period.

Fund Participants

Fund Participants

[Fund Participants]


Business Results

Invested enterprises

Companies between 2010 and 2013.


Invested enterprises

[Business Results]


Capital contribution

Seed Capital de Bizkaia’s capital contribution to partly-owned companies between 2010 and 2013.

Contribution trend (in thousands of euros).


Capital contribution

[Capital contribution]


Jobs

The number of jobs by the end of 2013 was 183.


Jobs

[Jobs]


Companies in which we have a Holding

  • BIOFTALMIK, S.L.

    Actividad: Ophthalmological Biotechnology.

    www.bioftalmik.com

  • HISTOCELL, S.L.

    Activities: Biotechnology

  • INDUSTRIAS IMAR S.A.

    Actividad: Production of perforated and stamped metal plate, and expanded metal.

    www.imarsa.com

  • OWL GENOMICS SL

    Actividad: Development of diagnostic/prognostic systems and treatments for diseases.

    www.owlgenomics.com