Bizkaia to Invest €83.4 Million in Startups and Innovation in 2027
Bizkaia's provincial government will spend €83.4 million in 2027 on advanced entrepreneurship, innovation and SME competitiveness, 2.5% more than in 2026.
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giftdetect· the right gift in minutesThe Provincial Council of Bizkaia will allocate €83.4 million in 2027 to advanced entrepreneurship, innovation, SME competitiveness, talent development and territorial balance. The budget of the Economic Promotion department is 2.5% higher than in 2026 and was presented to a committee at the Bizkaia General Assembly in Bilbao.
According to deputy Ainara Basurko, advanced entrepreneurship is one of the main priorities. The department will spend €13.4 million, 18% more than last year, on programmes supporting the creation, consolidation and growth of innovative companies. Direct aid to entrepreneurs and startups rises 24% to €4.7 million. A further €2.7 million goes to BAT, B Accelerator Tower, the Bizkaia International Entrepreneurship Centre, and €2.4 million to financing instruments through Seed Capital Bizkaia.
Innovation and technology centres
The Innovation area receives €30.8 million, up 15%. Of that, €24.1 million (+7.3%) funds direct aid for projects in innovation, internationalisation, digitalisation, R&D, decarbonisation, circular economy and management. The Technology Transfer programme grows 35%, while basic and advanced digitalisation programmes rise 12%.
The network of competitive excellence and technology centres gets €5.7 million, 70% more. It supports BIQAIN, the Bizkaia Quantum Industrial Hub, the Energy Intelligence Center, the Automotive Intelligence Center, BIKE, the Global Smart Grids Innovation Hub, the Advanced Aeronautical Manufacturing Centre and the Bilbao Bizkaia Audiovisual Hub.
Talent, regions and trade
To narrow the gap between the profiles companies need and available talent, €7.06 million will go to attracting, developing and retaining qualified and STEM talent under the Bizkaia with the Talent strategy, including 42 Urduliz Bizkaia, Smart Grids Academy, TUMO Bilbao Bizkaia and the Bizkaia Euskaltel Digital Center.
Regional development receives €5 million, of which €4.09 million is for the Bizkaia Orekan Sakonduz strategy. Local commerce gets €545,600, the craft sector €384,400, and international promotion and investment attraction €3.15 million.
The budget is part of Bizkaia's 2027 General Budget of €12,110.1 million. The institution itself will manage €2,351.6 million, and departments will have €1,806.7 million available after personnel costs, debt service and global payment credit.
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