# Instituto Valenciano de Competitividad Empresarial (IVACE)

Instituto Valenciano de Competitividad Empresarial (IVACE) is a Government / Public Body based in Valencia, Spain.

## Overview

- **Organization type:** Government / Public Body
- **Headquarters:** Valencia, Spain
- **Region:** Europe
- **Address:** Valencia, Spain
- **Founded:** 2012
- **Assets under management:** Undisclosed
- **Website:** ivace.es
- **LinkedIn:** https://www.linkedin.com/company/instituto-valenciano-de-competitividad-empresarial---ivace

## Regulatory record

- **Reports private funds:** No

## About

IVACE is a government agency based in Valencia, Spain. It focuses on the European region and manages one fund.

## Sectors

- Industrial Tech
- Energy Transition & Renewables
- Real Estate
- Enterprise Software
- Mobility & Transportation

## People

- Generalitat Valenciana — Parent Government Body

## Questions

### What is IVACE's investment mandate?

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.

### What changed with the 2024 merger into Ivace+i?

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.

### Does IVACE invest outside the Valencian Community?

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.

### What role does IVACE play in regional industrial real estate?

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.

### Which sectors does IVACE target?

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.

### How is IVACE funded?

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.

### What is IVACE's relationship with REDIT?

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.

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Last updated: 2026-06-03T20:00:00.000Z

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