Hazibide, the seed capital fund backed by the Provincial Council of Álava, Kutxabank, the Vitoria City Council, Talde, and Konfekoop, is undergoing a transformation to promote industrial and technological startups. The Álava-based fund, created in 1998 to invest in new local companies, is entering a new stage with the goal of becoming a partner for Álava-based businesses with high growth potential.
Among the new investment criteria, companies must have their registered office and tax domicile in Álava, be projects with at least two to three years of experience, have a viable product already developed, and have initial sales completed or projected. Investments will be minority stakes —ranging from 5% to 20%—, temporary in nature (between five and seven years), and with a maximum investment of €100,000 per project.
The transformation includes a new management model, led by the specialized firm Radar Ventures, and a clearly defined investment strategy focused on sectors such as advanced industry, health and life sciences, agri-tech, energy, and the circular economy.
"Hazibide must be a real ally for business projects in Álava. It’s not enough to invest — we want to accompany, advise, and help grow companies that generate employment and wealth in the region," said Saray Zárate, Deputy for Economic Development and Sustainability.
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