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‘Barcelona Accelerates’ its backing for innovative start-ups

Business. Up to ten million euros will be invested in six private venture capital funds, which must triple the investment in start-ups in strategic sectors.

The new ‘Barcelona Accelerates’ initiative will invest up to ten million euros in six private venture capital funds with the intention of providing a boost for innovative start-ups in the city and keeping the digital enterprise ecosystem competitive. The investment companies selected will have to invest at least three times the amount awarded and make a commitment to investing an equal amount in companies led by women.

Companies from the Barcelona metropolitan area belonging to the sectors defined as strategic in the Barcelona Green Deal will be able to benefit.

These sectors have the greatest capacity to generate added value, create quality jobs and position the city brand at a global level: digital economy, creative industries, the green economy, 4.0 industry, health and bio, sport and sports tech, food and food tech and the blue economy.

The measure corresponds to the strategy to reactivate the city economy and help it grow, to tackle the effects of Covid-19 and strengthen Barcelona as southern Europe’s digital capital.