BIC Araba (Centro de Empresas e Innovación de Álava)

What they do

Founded in 1988 by the Basque Government (through the SPRI Group), the Provincial Council of Álava, and the Vitoria-Gasteiz City Council, BIC Araba acts as a primary catalyst for the local entrepreneurial ecosystem. Rather than operating as a traditional venture capital firm, it functions as a public-private accelerator. It provides comprehensive support to entrepreneurs and growing startups by offering subsidized workspaces in its 4,000 m² facility, strategic consulting, and direct access to regional grants and seed capital programs. BIC Araba is highly regarded in the Basque Country for its role in industrial transformation and its integration with the BIND 4.0 open innovation platform.

What they look for

BIC Araba's core mission is to promote the creation, development, and consolidation of innovative and technology-based business initiatives in the Álava territory, ultimately transforming the competitive fabric of the local economy.

Stage

Pre-seed, Seed, Series A

Sectors

SaaS, Deeptech, Climate, Healthcare, Food and agriculture, AI, Cybersecurity, Fintech

Based

Vitoria-Gasteiz, ES