Instituto de Crédito Oficial›Instituto de Crédito Oficial› offers Fond-ICO Next Tech

The programme combines direct company share investments with commitments to specialised funds, giving the public investment mandate both company and fund routes. Its stated remit links public financing with private participation in digital scale-up activity in Spain.

The programme is jointly associated with ICO and AXIS and the Spanish Secretary of State for Digitalisation and Artificial Intelligence. Separate public criteria documents cover funds, corporate investment vehicles, direct company investments, and technology-transfer funds, clarifying the investment route and its applicable conditions.

Fondo ICO Next Tech was established as a joint initiative involving Instituto de Crédito Oficial and AXIS, with the Secretary of State for Digitalisation and Artificial Intelligence, as part of Spain’s Recovery, Transformation and Resilience Plan.

The programme's current structure includes direct equity in companies and commitments to specialised funds. An ICO portfolio page records several investment commitments in funds from 2022 onward, evidencing the programme's deployment as a live public-private investment vehicle in Spain's digital economy.

Fondo ICO Next Tech uses two routes for capital deployment: taking shares in eligible companies and making commitments to specialised funds through their management companies. Its official investment materials describe a 49% cap for channelled investments and criteria focused on significant activity in Spain, scale-up stage, digital and artificial-intelligence sectors, and private-majority participation.

The ICO programme page links to general investment criteria and separate additional criteria for funds, corporate vehicles, direct company investment, and technology-transfer funds. Potential participants can use these materials to identify the route applicable to a proposed investment; eligibility details depend on the relevant criteria document. The source does not describe application fees or applicant pricing, and terms are specific to the named investment route.

Fondo ICO Next Tech is a Spanish public investment programme supporting innovative digital projects and scale-up companies. Its investment activity extends to specialised venture funds and corporate investment vehicles, combining direct company share investments with commitments channelled through fund managers.

The programme is a joint initiative of Instituto de Crédito Oficial and AXIS with Spain's Secretary of State for Digitalisation and Artificial Intelligence, as part of the Recovery, Transformation and Resilience Plan. It is designed to mobilise public and private investment for the development of the Spanish digital economy.