Extenda presents Inverscreaa to attract foreign investment to Andalusian agri-food companies

Pilot program

Extenda works to improve the capabilities of Andalusian companies to obtain new partners abroad with whom they can grow together through investment in their project.

Extenda-Andalusian Foreign Promotion Agency has launched the pilot program Inverscreaa, which seeks to train Andalusian managers from the agri-food and agro-technological sector to attract international investment through business partners or investment funds, with the main objective of encouraging the entry of foreign capital in the sector to generate alliances, gain size and take advantage of synergies.

Through this project Extenda works to improve the capabilities of Andalusian companies to get new partners abroad with whom to grow together through investment in your project. It is about training the Andalusian company participating in the Inverscreaa program so that it is capable of developing an optimal presentation of its project to an international investor, knowing how to make it attractive and being able to negotiate with it the entry of foreign capital into its company.

For this mission, Extenda has the support and technical advice of The Food Intelligence Company, a Malaga consulting firm specialized in the acceleration of technology and agri-food companies; and in advising and preparing companies to come into contact with private investors.

El Extenda Inverscreaa program It is being developed for two months and will have two phases of close and intensive work. The first phase is open to all registered companies; focusing on consulting and advice, with different training workshops and personalized tutoring to improve the attractiveness of your project to investors.

The second phase, to be carried out in December, will consist of a business meeting, in person or virtual, with potential international investors interested in new projects in order to begin a due diligence process. This second phase will include a selection of five companies with the most 'investable' profile according to the criteria valued by investors, where they will have the support of Extenda.

El CEO of Extenda, Arturo Bernal has assured that the Inverscreaa project “is an instrument with which Extenda aims to reduce or eliminate the difficulties that Andalusian companies have when accessing foreign capital in the form of financing to allow them to grow, not only in the national market but especially in its internationalization project, since both size and financial muscle are two key factors when it comes to guaranteeing success abroad.” “When it comes to getting an investor, the way of presenting the project and the negotiation process with the investor are fundamental, and this is where we influence with this program.”

Generation of interest in the Andalusian agri-food sector

The business profile for which this pilot project is developed seeks to enhance the attraction of investments in the Andalusian agri-food sector, as well as its auxiliary industry and the ICT sector adapted to the processes of the agri-food industry. When selecting business projects, preference will be given to companies that belong to strategic areas, such as specialized food; those that use blockchain technology; those with experience in digital sales channels; or companies that work on sustainable products or processes.

Foreign investments in Andalusia

foreign direct investment in Andalucía In 2019, it reached 836 million euros in gross terms, its historical maximum since 2010 and 82% higher than in 2018, in a context of strong national decline, where there was a decrease of 55% to 22.377 million.

Furthermore, Andalusia is the second region that grows the most in productive investment of the first five, only ahead of Castilla y Leon (multiply your figure by 38 to 1.840 million). The main investing countries in Andalucía in 2019 they were Thailand, with 250 million, 30% of the total; and United States, which quadruples its investments to 227 million, 27,1% of the total. Furthermore, in 2019, two sectors concentrated half of the productive foreign investment in Andalusia, the chemical industry and financial services, with 30% and 24% respectively.