This is a transversal program aimed at supporting young companies, especially those beginning digital and technological. The program includes the specialization of more than 50 branches of the Banco Sabadell network throughout Spain, classified as “start-up friendly‘ and its staff are specially trained to deal with this type of customer.

Banco Sabadell will invest a total of EUR 1 million in 10 digital companies with growth potential through an intensive high-yield program, also launched with the launch of BStartup, in which leading entrepreneur Dídac Lee will participate. With BStartup, an open and collaborative innovation model is also proposed to increase the bank’s innovation opportunities together with entrepreneurs.

A chance to help out of the crisis

For Banco Sabadell, this is a cross-cutting effort involving different departments of its organization (from the business departments to the technology and venture capital departments to the risk department), whose role is to identify new business initiatives with great added value, given their good Future prospects must be supported, although they offer higher risk under the parameters of bank usage.

The aim is to become a major and trusted player in the entire ecosystem of entrepreneurs, beginninginvestors, incubators, accelerators, etc. Based on his many years of experience in dealing with the business world, in which he is a benchmark, he now wants to be one of the young companies that are just starting out.

At the helm of BStartup is Yolanda Pérez, recently incorporated into the Banco Sabadell group and previously a program director beginning and companies of Barcelona Activa.

Support for 10 business initiatives

The six-month high-performance program is launched by BStartup BStartup 10, which aims to fund a dozen selected business projects, each investing up to €100,000 in capital worldwide, as well as a high-performance six-month program to achieve its market implementation and access to follow-on funding rounds. The high-performance program will be led by well-known digital entrepreneur (and best European mentor according to Founders Institute) Dídac Lee and developed by specialists from the Inspirit Group – which Lee also leads – with support from various experts at the bank.

Applications for participation in this program can be submitted via the Internet until next December 20th www.bancsabadell.com/bstartup10.