Iberdrola

Corporate Venturing and Open Innovation with Startups

Iberdrola’s startup programme – PERSEO – aims to facilitate the group’s access to the technologies of the future while fostering the development of a global ecosystem of startups in the electricity sector with a focus on sustainability. Iberdrola has EUR 200 million for this purpose, invested through its portfolio of investments in startups, its PERSEO Venture Builder unit, pilot projects, the launch of the Iberdrola Startup Challenge and the Andromeda fund for investments in sustainable technologies.

PERSEO’s mission to generate added value for the company through the application of innovation in the business is divided into four complementary objectives: early identification of key trends, promotion of entrepreneurial culture, support for disruptive business models and boosting economic revitalisation. In turn, the programme is applied transversally in six strategic sectors for Iberdrola.