Euskadi already has 895 technology and innovative companies, which generate 8,919 jobs and achieve a combined turnover of more than €1.043 billion. In addition, during 2025 these companies raised more than €324 million in investment, representing 10.09% of all startup investment raised in Spain.
These are some of the data included in the Regional Report on Tech and Innovative Companies in the Basque Country, prepared by Scoutyn together with the Basque Government.
According to the report, the number of technology companies grew by 7.7% compared to the previous year, while combined turnover increased by 26.6% and employment by 7.5%. The study also highlights the growing weight of areas such as biotechnology, energy, Industry 4.0, artificial intelligence, and cybersecurity, as well as Euskadi’s ability to attract investment and develop projects linked to advanced technologies.
A model supported by collaboration
The data reflects the joint work of companies, entrepreneurs, technology centers, universities, investors, BICs, provincial councils, city councils, and public institutions involved in the creation, development, and growth of new business initiatives.
The report especially emphasizes the importance of the Basque scientific and technological infrastructure, collaboration between stakeholders, and the close relationship between innovation and industry as some of the defining elements of the Basque model.
This connection with productive activity is one of Euskadi’s distinguishing features and helps explain the development of companies specialized in high value-added fields.
Technology transfer and new companies
The creation of new companies from scientific and technological capabilities is another aspect covered in the study.
Among the initiatives mentioned is Basque Tek Ventures, linked to the promotion of deep-tech startups in areas such as quantum computing, mobility, health, energy transition, and advanced industry.
Growing companies gaining scale
The report also highlights a progressive business maturity. The 46 scaleups identified in Euskadi generate more than 1,700 jobs and account for nearly €368 million in revenue, reflecting the ability of many companies to consolidate their activity and move into new stages of growth. This process raises challenges related to management, business strategy, internationalization, and access to new markets.
Collaboration between startups and industry
Another highlighted aspect is the close relationship between entrepreneurship and industry.
Collaboration between startups and established companies helps accelerate the development of new solutions, facilitates validation in real environments, and generates new business opportunities.
In this area, open innovation initiatives such as BIND are being developed, promoting collaboration between technology startups and leading companies across different economic sectors.
An increasingly relevant position in the technological landscape
The data collected by Scoutyn show a positive trend across virtually all analyzed indicators: number of companies, employment, turnover, and investment.
The report describes a reality characterized by the combination of technological capabilities, entrepreneurial activity, industrial specialization, and collaboration between public and private stakeholders. The more than €324 million raised in 2025 and the concentration of over 10% of all startup investment raised in Spain place Euskadi among the most dynamic technological regions in the country.
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