LA SETT has become a strategic actor for the entrepreneurial ecosystem in Spain. Its design as a public investment instrument (capable of co-financing, accelerating and scaling deep tech and technological projects) positions it as a key lever for startups and scaleups seeking growth in critical sectors such as semiconductors, AI, cybersecurity or audiovisual.
What role does SETT play?
Designed as a strategic instrument of the Recovery, Transformation and Resilience Plan (PRTR), the SETT's mission is to manage public investments in advanced technologies. Its objective is to promote disruptive sectors such as semiconductors, microelectronics, artificial intelligence, audiovisual and telecommunications.
It's a paradigm shift: stop being just regulatory and start acting like active co-inverter, financing, advising and supporting strategic projects.
Funds managed by the SETT
The SETT manages a total of approximately 20. 000 M € of the Recovery Plan, channeled through three major instruments:
- PERTE Chip: the main one, with more than 12,250 M €, dedicated to the development of the semiconductor and microelectronics industry.
- Next Tech Fund: with about 4,000 M €, co-finance startups and Scaleups deep tech and digital transformation projects.
- Spain Audiovisual Hub: more than 1,700 M € aimed at modernizing the audiovisual sector and encouraging technological investments in this area.
Investment instruments
As a public entity with the capacity to capitalize and lend, the SETT uses co-investments and loans. It offers joint funding with private investors in startups, deep tech companies, SMEs and disruptive projects, creating levers to transform the Spanish production model.
Role in recent investments
The SETT has already assumed an active role through multiple relevant investments:
- 20 M € In the background Armilar Venture Partners IV, specialized in AI, data, medtech and connectivity, within Next Tech.
- 17.2 M € in Sparc photonics, with nearly 44% capital increase, strengthening the SME fabric and talent retention.
- 59.2 M € within Multiverse Computing, a Spanish quantum computing and sustainable artificial intelligence company.
- 19.6 M € within Quantix Edge Security to create a cybersecurity and microelectronics center in Murcia.
- Support for Wallbox, a national electric vehicle charging provider, in line with the PRTR's sustainable mobility objectives.
Equipment and structure
The SETT is chaired by Antonio Hernando Vera, Secretary of State for Telecommunications and Digital Infrastructure, and operationally managed by Francisco Javier Ponce Martínez, its CEO
Institutional activity
Through conferences, events and collaborations, SETT maintains direct relationships with public and private actors both inside and outside of Spain. He has participated in forums on dual technologies, deep tech, artificial intelligence, the audiovisual sector and defense; and he has held meetings in Guadalajara (Mexico) or Bilbao with local investors.
Conclusion
La SEPT represents a strong public commitment to giving speed, scale and strategic approach to the technological transformation of Spain. Managing more than 20,000 M €, operating as an active investor and articulating public-private capital in key sectors, it seeks to position the country in the industrial and digital vanguard.
