ABANCA Innova

ABANCA Innova is an initiative launched by ABANCA in 2016 aimed at fostering innovation and technological entrepreneurship, primarily in Galicia and northern Spain. The program is designed not just as a typical startup accelerator but as a collaborative alliance that treats selected startups as clients, enabling business development while simultaneously supporting technological innovation within its own operations. The core of ABANCA Innova's approach is its Venture Clienting program, which facilitates real-world implementation of innovative solutions through collaboration with startups. This involves selecting promising solutions and launching a proof of concept (PoC) to determine their viability within the bank's business units. The program stands out due to its commitment to nurturing relationships with startups, which include providing tailored support during the definition and execution phases of these projects. In addition to its venture clienting approach, ABANCA Innova offers access to a specialized team that assists startups in addressing their needs throughout the project lifecycle. This team includes experienced professionals involved in innovation and technology within ABANCA, ensuring that participating startups receive both the guidance and resources necessary for success. The initiative not only represents an opportunity for startups to engage with a major financial entity but also highlights ABANCA's commitment to open innovation, as evidenced by its participation in events such as the Fintech Week Latam. Overall, ABANCA Innova serves as a robust platform for fostering innovation, creating meaningful collaborations, and propelling technological advancements in the banking sector. For startups interested in exploring potential partnerships, ABANCA Innova demonstrates a structured environment conducive to launching new ideas, validated by real market experiences. The program's focus on active collaboration and startup support marks it as a significant player in the field of innovation-driven entrepreneurship.