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€1.5 billion for AI: Spain invites startups

Writer: Anastasia MasloAnastasia Maslo
AI, Spain, startup, investment, technology, fintech

Spain is actively joining the technology race with the approval of the

INTELLIGENCE DEVELOPMENT STRATEGY for 2024


This program, a milestone for the startup community and innovation projects, aims to bring AI to scale across sectors. With an investment of €1.5 billion, it covers everything from infrastructure and education to AI transparency and security.


🔑 KEY DIRECTIONS


  • Infrastructure & Education: Spain aims to create a competitive environment for AI development. There are plans to invest €90 million in new supercomputers and the expansion of MareNostrum 5 in Barcelona. In addition, the Spanish-language public AI infrastructure, ALIA, will be made available to companies absolutely free of charge. This opens up unique opportunities for startups looking to rapidly integrate AI.


In addition, €160 million has been allocated for scholarships and vocational training programs. Spain is committed to supporting young professionals and teachers, creating a strong base for long-term development.


  • Implementing AI in business: Supporting startups and small companies is a key focus. Spain plans to invest €650m through Kit Digital, where companies can get up to €12k for digitalization. Plus €400m through the Next Tech Fund to support tech startups. This is a huge step for start-ups, as access to such grants allows SMEs to compete effectively in the market and incorporate AI into their processes.


  • Transparent and ethical AI: Ethical standards are becoming an integral part of technology development. The new Spanish Agency for the Supervision of Artificial Intelligence (AESIA), to be based in A Coruña, will certify and supervise AI systems according to European standards. The agency will also represent Spain in international forums, strengthening its position in the global technology ecosystem.


 

WHAT DOES IT MEAN TO YOU


If you're working in AI, there are great opportunities for development support!

Educational programs, grants, and access to public AI infrastructure pave the way for scaling and international collaboration.


Spain has become an important player on the technology field, and now it's time to act!


 

where you can learn more about Spain's new AI development strategy and support programs for startups:



 

If your project is in the field of AI (AI) and you are thinking about relocating to Spain or you are going to launch a project using AI, but are confused by the abundance of information or just don't know where to start - we can help:


  • refine your idea and launch your project

  • write a business plan

  • adapt the nuances of your project to the interests of Spain

  • unite you with other funders in search of a team

  • collect documents

  • apply for a residence permit

  • follow up, respond, notify

  • help with the launch after approval

  • help get taxes under control

  • attract investment



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