The Council of Ministers promotes the development of companies focused on transformative technologies with investment in the Axon and Big Sur Ventures funds

29/07/2025
The Government promotes the development of companies focused on transformative technologies with investment in the Axon and Big Sur Ventures funds
  • The Council of Ministers authorizes the Ministry for Digital Transformation and the Public Service, through the Spanish Society for Technological Transformation (SETT), to participate in the Spanish funds Axon and Big Sur Ventures, with 85 and 40 million euros respectively
  • Both funds will invest in startups and scale-ups whose business is focused on transformative technologies: from cloud computing and big data to AI, the Internet of Things or cybersecurity
  • SETT carries out both operations through the Next Tech facility, which aims to boost funding to startups and scale-ups in the technology sector

Madrid, 29 de July de 2025.- The Council of Ministers has authorized the Ministry for Digital Transformation and the Public Service, through the Spanish Society for Technological Transformation (SETT), to participate in the Spanish funds Axon Innovation Growth and Big Sur Ventures, with 85 and 40 million euros respectively, in order to promote startups and scale-ups (companies in the growth phase) whose business is focused on transforming technologies.

Axon Innovation Growth participates in companies in Spain and other countries in Southern Europe whose activity is focused on cloud computing and big data; artificial intelligence; software as a service for process optimization; energy and storage; Internet of Things, and robotization, among other technologies.

Through this public investment of 85 million euros in the Axon Innovation Growth II FCRE fund, SMEs with business models or products already proven in the market will be promoted, with significant growth and with a vocation to internationalize.

In addition, the €40 million operation at Big Sur Ventures (BSV) will serve to boost its BSV IV Ariadne fund, which aims to boost Deep Tech and Digital Tech startups through technologies such as microelectronics, photonics, nanotech, new materials, quantum technologies, cloud computing, artificial intelligence, cybersecurity and advanced software.

SETT carries out both operations through the Next Tech facility, which aims to boost funding to 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 National Securities Market Commission, the European Securities and Markets Authority (ESMA), or other oversight bodies.

SETT also manages two more financial instruments to enhance the technological business ecosystem: PERTE Chip, dedicated to microelectronics and semiconductors, and Spain Audiovisual Hub, which promotes the digitalization of the audiovisual sector.

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