THE PORT OF VALENCIA CREATES A NEW VENTURE CAPITAL FUND THAT WILL INTEGRATE ITS INNOVATION HUB.
The port of Valencia, together with its foundation, has announced the creation of a new venture capital fund that will finance both companies and projects seeking to attract talent. This fund will be focused on startups in the logistics sector, with the aim of providing them with the support and ecosystem necessary for their growth.
Thus, the presentation ceremony was attended by the various representatives of the project, including the general director of the Valenciaport Foundation, Antonio Torregrosa, who said: “It is a business opportunity for companies in the port cluster of Valencia” stating that innovation “is profitable and can offer interesting financial opportunities”.
Subsequently, it was announced the appointment of the hub that will encompass all services, OpenTop, which will have two spaces, one in the old workshops of the Port Authority of Valencia and the other in the area of Nazaret. In addition, the creation of an incubation and acceleration program with Telefónica was confirmed, along with a living lab that will allow the testing of the developed R&D&I technology.