SODENA

SODENA (Sociedad de Desarrollo de Navarra) serves as the primary economic development instrument for the Government of Navarre, Spain. Its core mission is to foster the region's economic and social progress by attracting and nurturing business projects with high growth potential. As a public company, SODENA plays a crucial role in diversifying and strengthening Navarre's industrial fabric, acting as a strategic partner for companies looking to establish or expand their operations within the region. They provide a blend of financial support and strategic guidance, aiming to enhance the competitiveness and innovation capacity of local businesses.

The investor's focus is strategically aligned with Navarre's Smart Specialization Strategy (S3), prioritizing sectors deemed critical for the region's future. These key areas include Mechatronics, Renewable Energies and Resources, and Health. Beyond these core sectors, SODENA also extends its support to emerging and high-potential industries such as advanced manufacturing, agri-food, and tourism. Their investment approach is comprehensive, offering not only equity and venture capital but also participatory loans and support for internationalization and business location. This multi-faceted support system underscores their commitment to long-term regional development.

SODENA typically engages in co-investment alongside private investors, leveraging public funds to catalyze private sector participation in promising ventures. In 2022, SODENA approved investments totaling approximately €12.5 million, supporting 24 distinct projects across various stages and sectors. While their investment amounts vary depending on the project's needs and strategic importance, their Fondo Navarra Tech Transfer, for instance, targets investments ranging from €200,000 to €1,500,000 per company, indicating a capacity for substantial capital deployment in technology-driven initiatives.

Overall, SODENA acts as a cornerstone for economic vitality in Navarre, providing essential capital and strategic backing to companies that align with the region's development objectives. Their role extends beyond mere financing, encompassing a broader mandate to stimulate innovation, create employment, and enhance the overall business ecosystem of Navarre. Their consistent investment activity and strategic sector focus make them a pivotal player in the Spanish regional venture capital landscape.