INNOLAB Bilbao

AI Verified

Location

Spain


Investor type

Accelerator/Incubator


Current investment status

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Website

https://www.ilb.eus/es/


Linkedin

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Company address

11, Plaza del Ensanche / Zabalgune plaza, Uribitarte, Abando, Bilbao, Biscay, Autonomous Community of the Basque Country, 48009, Spain


Founding year

2016


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Criteria Requirements Match
Regions Southern Europe, Western Europe
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Stage Pre-Seed, Seed
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Company description

INNOLAB Bilbao functions as a dynamic Open Innovation platform dedicated to bridging the gap between businesses and cutting-edge technology to address contemporary commercial and societal challenges. Established through the initiative of the Bilbao City Council, this innovation hub has expanded its capabilities by forming strategic partnerships with prestigious organizations including Fundación BBK, Universidad de Deusto, Corporación Mondragon, Iberdrola, Grupo IMQ, Sidenor, Inkolan, BCAM (Basque Center for Applied Mathematics), Tecnalia, Vicomtech, and El Correo. This collaborative ecosystem creates a powerful network that leverages diverse expertise to drive technological advancement and economic development in the Basque region.

The organization operates through four primary channels of activity, with Open Innovation serving as its cornerstone. Through this approach, INNOLAB assists companies in exploring and implementing technological solutions via structured innovation processes and prototype development. Their methodology enables businesses of all sizes to experiment with emerging technologies in a low-risk environment, facilitating digital transformation and competitive advantage. This practical approach to innovation has helped numerous regional enterprises modernize their operations and develop new digital capabilities tailored to their specific industry challenges.

Another distinctive focus area is the "Leaders In Tech" initiative, which specifically highlights technological opportunities through the expertise and perspectives of women professionals. This program addresses the gender gap in technology while simultaneously enriching the innovation ecosystem with diverse viewpoints. Complementing this is INNOLAB's Startup Community program, which provides crucial support to emerging business ventures that incorporate digital technology as a fundamental component of their value proposition or production methodology. The startup support system includes mentorship, networking opportunities, access to potential investors, and technical resources to accelerate growth and market entry.

Knowledge dissemination represents the fourth pillar of INNOLAB Bilbao's mission, with the organization actively sharing insights on emerging technological trends through workshops, conferences, publications, and digital channels. This educational component helps create a more technologically informed business community and workforce in the Basque Country. Since its inception, INNOLAB has established itself as a catalyst for digital transformation in Northern Spain, facilitating hundreds of innovation projects, supporting dozens of technology startups, and creating a vibrant community where technological expertise and business acumen converge to generate sustainable economic and social value.

Highlights

Connects companies & technology for business solutions
Supports digital startups & disseminates tech knowledge

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Frequently asked questions

Where is INNOLAB Bilbao located?

INNOLAB Bilbao maintains its global headquarters in Spain, serving as the strategic center for its operations. The company's primary corporate offices are located at 11, Plaza del Ensanche / Zabalgune plaza, Uribitarte, Abando, Bilbao, Biscay, Autonomous Community of the Basque Country, 48009, Spain.

What investment stages INNOLAB Bilbao focuses on?

INNOLAB Bilbao focuses its investment activities on companies operating in the following stages: Pre-Seed, Seed. INNOLAB Bilbao provides strategic capital and expertise to support promising businesses at these critical phases of development.

Where does INNOLAB Bilbao invest?

INNOLAB Bilbao maintains a strategic global investment presence, actively seeking opportunities across the following key regions: Southern Europe, Western Europe.

When was INNOLAB Bilbao founded?

INNOLAB Bilbao was established in 2016, marking the beginning of its journey as an investment firm.

What kind of investment firm is INNOLAB Bilbao?

INNOLAB Bilbao is the following type of investment firm: Accelerator/Incubator. The organization provides capital and strategic support to entrepreneurs and growing companies.