The projects from the sixth edition of the Business Factory Aero presented their funding needs to a group of public and private investors led by Xesgalicia. The session also included representatives from CaixaBank DayOne, Unirisco, Zubi Capital y Torsa Capital.
During the event, the startups outlined the key aspects of their Business Plans and had the opportunity to learn in detail about the investment strategies and the specific conditions that each investment entity establishes for the different program tracks.
The Investor Day concluded with a networking session where the projects expanded their network of contacts within the BFAero ecosystem.
Tracks and Funding
The BFAero program offers three tracks, adapted to each project’s stage of maturity, providing access to specific funding options.
Incubation, For early-stage projects without a validated value proposition, lasting up to 12 months. Startups in this phase can receive up to €40,000 in non-repayable funding through the Galician Institute for Economic Promotion (Igape).
Acceleration, Aimed at projects with a Minimum Viable Product (MVP) already developed and initial sales, lasting 8 months. Projects in this phase may access up to €60,000 in non-repayable funding from Igape, and an additional participating loan of up to €50,000, with the option of equity conversion through Xesgalicia, the investment arm of the Xunta de Galicia.
Consolidation: Designed for companies with a defined product or service and actual sales that are seeking to scale their business, lasting up to 6 months. Companies in this stage can obtain up to €30,000 in non-repayable funding from Igape. Additionally, as part of a funding round and upon request, a direct equity investment of up to €250,000 may be considered.