Andalusia Government of Spain launches landmark startup fundraising framework — WBAF recognised as a strategic global platform. Andalusia TRADE (formerly Invest in Andalucía) has previously partnered with WBAF to promote regional innovation internationally. WBAF’s inclusion in Andalusia’s new framework is also underpinned by concrete investment outcomes for local startups.
Seville / Istanbul — The Regional Government of Andalusia — Spain (Junta de Andalucía) has unveiled a pioneering Startup Fundraising Support Framework aimed at accelerating Andalusian startups’ access to global capital markets. Under this new policy, executed by the TRADE Agency, the Andalusian Government will fully compensate (100%) accommodation and, international flights for startups participating in leading international startup and investment events worldwide.
As part of this strategic initiative, the World Business Angels Investment Forum (WBAF), an affiliated partner of the G20 Global Partnership for Financial Inclusion (GPFI), has been officially listed among the approved global events, reaffirming its role as a trusted international platform connecting high-potential startups with global angel investors, venture capital funds, and institutional stakeholders.
This recognition builds upon a long-standing and multi-layered collaboration between Andalusia’s startup ecosystem and WBAF. Andalusia TRADE (formerly Invest in Andalucía) has previously partnered with WBAF to promote regional innovation internationally. In a strong demonstration of public-sector engagement, the Mayor of Seville personally joined the WBAF World Congress alongside a delegation of 10 startups from Seville, highlighting the city’s commitment to global fundraising and entrepreneurial diplomacy.
Further strengthening this partnership, Málaga City has partnered with WBAF to advance international investor outreach, while the WBAF Chairman conducted in-person visits across Spain’s leading startup hubs — Seville, Marbella, Málaga, and Madrid — meeting with public authorities, investors, accelerators, and founders to deepen ecosystem-level cooperation.
WBAF’s inclusion in Andalusia’s new framework is also underpinned by concrete investment outcomes for local startups. BrioAgro, operating in the agriculture and agritech sector, received investment from the WBAF Angel Investment Fund in recent years, supporting its international growth and technological development.
Most recently, PlusVitech, a specialized venture from the health and life sciences sector, was selected as the Most Investable Startup Venture at the Global Fundraising Stage hosted by WBAF in Istanbul on 9 December, following a competitive pitching process evaluated by global investors and fund representatives.
At the institutional level, WBAF has also signed a Memorandum of Understanding with the Three Cultures Foundation of Spain, a distinguished foundation co-chaired by the King of Spain and the King of Morocco, highlighting the role of entrepreneurship, investment, and innovation as bridges between cultures, regions, and economies.
Commenting on the announcement, Baybars Altuntas, Executive Chairman of WBAF, said:
“Andalusia’s new framework is a visionary step that removes structural barriers to global fundraising for startups. Recognising WBAF within this programme reflects the region’s strong commitment to connecting its entrepreneurs with international capital, knowledge, and trusted global networks. We are proud to support Andalusian startups as they scale beyond borders.”
Andalusia’s new Startup Fundraising Support Framework marks a significant milestone in the region’s ambition to position itself as a leading startup hub, enabling founders to engage confidently with global investors while leveraging world-class platforms such as WBAF to achieve sustainable international growth.
