Valenciaport supports PORTS 4.0 innovation fund

Valenciaport has assisted 62 companies in submitting projects to the PORTS 4.0 capital fund, the innovation financing instrument.

Valenciaport has assisted 62 companies in submitting projects to the PORTS 4.0 capital fund, the innovation financing instrument promoted by Puertos del Estado’s TradeTech ecosystem to advance technological development across the logistics and port sector.

The support provided by Valenciaport extends beyond companies within its own port ecosystem, encompassing projects addressing challenges across the broader sector.

The PORTS 4.0 fund is structured as an open innovation mechanism designed to connect entrepreneurs and companies, both national and international, with the operational challenges and development needs of the logistics-port industry.

Its objectives span competitiveness, efficiency, sustainability, decarbonisation, security and digitalisation.

The current call carries a total budget of EUR€6,750,000, divided between an Ideas category allocated EUR€750,000 and a Commercial Projects category receiving €6,000,000.

Of the applications submitted through Valenciaport, 19 fell under the Ideas category and 43 under the Commercial category.

Compared to the previous call, the number of companies assisted and letters of support issued have both doubled, facilitation agreements have increased by 50%, and Ideas category letters of support have grown by 160%, reflecting a significant expansion of Valenciaport’s engagement with the innovation funding programme.