The Ministry for Digital Transformation and Public Administration has announced the investment of 8 million euros by the Government of Spain, through the Spanish Society for Technological Transformation (SETT) , in the Spanish fund Zubi Capital , which invests in emerging companies focused on solving social and environmental problems in a profitable and scalable way .
Focused on boosting technology-based and innovative start-ups in Europe, with a special focus on Spain, Zubi Capital supports sectors where digitalization is key to reducing the environmental impact of polluting sectors such as industry, construction or retail, and to developing social impact solutions linked to care, health, education and technologies that promote diversity, equity and inclusion, including support robotics.
The fund's investment strategy incorporates a diversity lens across the board , investing in companies with diverse teams or in projects whose products or services directly contribute to creating more inclusive societies.
Among the projects that Zubi Capital has supported are companies that focus on, for example, the rapid, non-invasive, and affordable diagnosis of endometriosis or abdominal cancer through biotechnology and AI; the management of smart electric vehicle charging ; the development of digital solutions to design and manage waste plants more efficiently; the creation of software to help cities establish, manage, and implement climate goals ; the design of sodium-ion batteries for stationary energy storage; and the creation of a sustainable textile solutions platform that enables the reuse of materials and recycling to promote circular fashion.
SETT is carrying out this operation through the Next Tech facility , promoted by the State Secretariat for Digitalization and Artificial Intelligence , with funds from the Recovery, Transformation and Resilience Plan (Next Generation EU Funds). The objective of this initiative is to boost financing for startups and scale-ups in the technology sector, both directly—through co-investment in companies—and indirectly, through investment in funds or financial intermediaries subject to the control of the Spanish National Securities Market Commission (CNMV), the European Securities and Markets Authority (ESMA), or other supervisory bodies.
SETT also manages two more financial instruments to boost the technological business ecosystem: PERTE Chip , dedicated to microelectronics and semiconductors, and Spain Audiovisual Hub , which promotes the digitization of the audiovisual sector.
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