Spain may be uninvestible. Spanish technology is investible.
Spanish companies underweight international capital on their cap tables. Why exporting ownership and intellectual property, not just products, is the rational move for Spanish technology companies today.
Spain may be uninvestible. Spanish technology is investible.
10 years ago, Spanish companies barely exported. Today many sell globally, beyond the European Union. The gap I see is no longer in trade, it is in capital. Spanish companies underweight international capital: few foreign owners, few joint ventures abroad, few international investors on the cap table 🌍
We export products but not ownership, equity, developed technology, and intellectual property. Much primary research remains unmonetized.
Foreign Direct Investment (FDI) conditions are weak, therefore financing industrial and large scale projects with global capital is unlikely to happen today, and building exportable technology with investors and customers from other latitudes is the rational response.
In a fragmenting world where many companies are retreating to their home countries and regions, operating only with national exposure (for risk management or by political mandate), the rational response for a Spanish technology company is the opposite: cross the border, physically, through ownership or through intellectual property.
Global capital is often more willing to price risk than our scarce national capital for private companies, which translates into higher valuations, and partners who open their home market for you 🧭
If you are building technology worth exporting and want to reach investors and customers abroad, I would like to hear from you ➡️ Get in touch
About the author
Felipe Branch is a cross-border transaction advisor specialising in renewable energy infrastructure and IP commercialization. He works with institutional investors, technology companies, and research institutions across Europe.