Sure! Here’s the translation into American English:
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This morning in Vitoria, the general assembly of the Knowledge and Technology Industries Cluster of Euskadi (GAIA) took place, where the creation of GAIA Value Capital, S.L. was approved. This platform aims to mobilize 200 million euros in the coming years to boost the development of technology companies in the sector, strengthen their competitiveness, and attract investments.
Elena Zárraga, president of the Cluster, emphasized that this initiative responds to the need for specialized capital for business development. Zárraga, who will remain in her position for two more years, explained that the new company will seek to facilitate the growth and establishment of businesses, as well as provide support in mergers and acquisitions processes.
GAIA currently comprises 305 organizations that employ more than 26,200 professionals in Euskadi. In the past year, these companies generated revenue of 7.02 billion euros, a figure expected to increase by approximately 7% by 2025. The GAIA Value Capital platform will also give rise to the CyberGrowth I Fund, focused on developing large-scale digital solutions and conducting growth diagnostics in the realm of Industry 4.0.
Zárraga highlighted that the ultimate goal of this initiative is to establish Euskadi as a hub for advanced technology and a center for technological sovereignty in Europe. During the assembly, the promotion of Euskadi in the data economy was discussed, as well as preparations for the challenges of the post-quantum era in terms of cybersecurity.
The event concluded with a presentation by Silvia Leal, an expert in future trends and Artificial Intelligence, who spoke about digital transition and intensive data use. Additionally, the new Board of Directors of the Cluster was introduced, reflecting the diversity and commitment of its members.
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Source: MiMub in Spanish
