CDTI

CDTI operates as a state-backed innovation finance platform. It allocates public funds and investment capital to support R&D, technology development and commercial innovation, while also using dedicated investment vehicles such as INNVIERTE to co-invest with private capital. Its value creation comes from de-risking innovation, crowding in private investment and accelerating the growth of Spanish technology companies.

CDTI is Spain’s public innovation and technology development agency, operating as a public business entity under the Ministry of Science, Innovation and Universities. Its role is to support business R&D, innovation projects and technology commercialisation, and to channel public capital into the national innovation ecosystem. Based on the provided evidence, it also owns INNVIERTE, a venture investment vehicle used to back funds and technology companies.

The organisation creates value by providing public financing and investment support to companies rather than by selling advertising, media or enterprise software. Its direct customers and beneficiaries are businesses, startups, scale-ups, research-driven companies and investment vehicles seeking support for innovation activity in Spain. Revenue economics are not those of a typical private company; its operating model appears to rely primarily on public funding allocation, with possible capital recycling or investment returns through its investment structures.