Instituto Valenciano de Competitividad Empresarial (IVACE)

IVACE acts as a holding company for the Valencian government's competitiveness policy, making direct equity investments in regional companies, managing a portfolio of industrial land including Parc Sagunt, and operating grant programs funded by European structural funds and the autonomous budget. Its mandate spans digitalization, energy transition, and innovation promotion, with deployment concentrated in the Valencian Community.

In 2024, IVACE merged with the Agencia Valenciana de la Innovación to create Ivace+i, merging IVACE's equity investment and industrial-land capabilities with AVI's R&D coordination and technology-transfer programs. The new entity reports to the Generalitat Valenciana and serves as a single front door for public-sector innovation and competitiveness support, per the firm's official communications.

No. IVACE's investment thesis is explicitly territorial, targeting industrial companies and projects physically located within the Valencian Community. Its industrial land portfolio — including the Parc Sagunt logistics platform and a network of small-scale industrial parks — is entirely within the autonomous region.

IVACE manages the Valencian government's industrial land bank, including the Mapa de Suelo Industrial platform that lists available parcels across the community. Its flagship asset is Parc Sagunt, a major logistics and manufacturing park in Sagunto designed to attract European industrial tenants through subsidized land and energy infrastructure.

IVACE focuses on advanced manufacturing, sustainable mobility, agri-tech, renewable energy, and industrial digitalization — all sectors explicitly prioritized in the Generalitat Valenciana's economic strategy and aligned with EU Green Deal and digital-transition funding streams.

IVACE's capital base comes from the annual budgets of the Generalitat Valenciana and from EU structural funds, including the European Regional Development Fund. It reports as part of the Sector Público Instrumental de la Generalitat, a legal classification that subjects it to regional public procurement and transparency rules.

REDIT is the network of Valencian technology institutes that provides applied R&D services to regional manufacturers. IVACE funds and coordinates portions of REDIT's activity, using the institutes as a delivery mechanism for innovation policy — a structure that gives IVACE's equity and grant programs access to sector-specific engineering expertise.