Technological collaboration and social focusing
To complement the innovative and Venture Capital activities of Iberdrola, through Iberdrola - PERSEO International Startup program, other proyects with the goal of fostering the collaboration with technological partners and the investment in projects with a high social component, are developed.
Other projects of the Iberdrola - PERSEO International Startup program.
OPEN INNOVATION VENTURES
Open Innovation Ventures was launched in order to foster the collaboration with technological partners with the goal to accelerate the development of new products of interest for Iberdrola. The first operation in this area was GDES Technology 4 Services where Iberdrola and Grupo Dominguis created this company through a joint venture to develop and commercialize technology related with the operation and maintenance in energy infrastructures.
The program Impact Investing is focused on the investment in projects with a high social component with two main goals:
- Employment generation and the creation of innovative companies.
- Ensure universal access to electricity under the program 'Electricity for all' of Iberdrola.
Between the main investments of the Impact Investing area, through Iberdrola - PERSEO International Startup program, Iberdrola participates in NEOTEC, the Spanish venture capital program with the goal of fostering and developing innovative companies in Spain.
Moreover, as regards investment in projects designed to provide access to electricity to everyone in developing countries, as part of the 'Electricity for All' program, the Iberdrola - PERSEO International Startup program has invested in SunFunder, a company that has created a funding platform for financial and corporate investors, in which they can participate in a diversified project portfolio to improve access to electricity in developing countries in Africa, Latin America and Asia. Likewise Iluméxico offers solutions that provide access to electricity through solar power to the most disadvantaged communities.
In order to strengthen the activity under the Startup program in Spain, an agreement was signed between Iberdrola and Centro para el Desarrollo Tecnológico Industrial (CDTI) within the framework of the Spanish government's INNVIERTE program, with the goal of investing in new technologies in the energy sector.