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What is Seed
Capital de Bizkaia?

Origin

Seed Capital de Bizkaia is a Regional Council company affiliated to Biscay Regional Council’s Department of Territorial and Economic Developtment  (Departamento de Desarrollo Económico y Territorial de la Diputación Foral de Bizkaia).

Seed Capital de Bizkaia was created in late 1989 under the then European Community’s Progamme for the Promotion of Seed Capital Funds in Europe (Directorates General XVI and XXIII). It was created with the aim of funding the development of innovative business projects at the start-up stage.

Organisation

SEED CAPITAL DE BIZKAIA is organized as follows:

  • A Managing Company called SEED CAPITAL DE BIZKAIA, SOCIEDAD GESTORA DE ENTIDADES DE INVERSIÓN DE TIPO CERRADO, S.A., created in 1989. It is a State-owned Regional Council company affiliated to Biscay Regional Council’s Department of Economic Development and Innovation. Its aim is to manage the Fund.
  • A Fund called SEED CAPITAL DE BIZKAIA, FONDO DE CAPITAL RIESGO PYME, created in 1991. It had an initial capital of €1.8 million and is open to any public or private investor wishing to invest in it to promote and develop companies by means of a temporary shareholding in them.
  • A Fund called SEED CAPITAL DE BIZKAIA BI F.C.R.-PYME, created in December 2006, with an initial capital of 2.050.000 €, and it is also open to any public or private investor, wishing to invest in it to promote and develop companies by means of a temporary shareholding in them.
  • A Fund called FONDO DE EMPRENDIMIENTO E INNOVACIÓN SOCIAL, FONDO DE CAPITAL RIESGO PYME, created in 2014, with an initial capital of 1.650.000 € to invest it in to promote and develop social innovation companies.
  • A Fund called SEED CAPITAL BIZKAIA MIKRO, S.C.R.-PYMEcreated in September 2014, with the aim of participating in microfunding projects, investing till 25.000 € for company.