The Business Factory Auto (BFA) initiative has selected Xesol Drive of Xesol Innovation for its second edition for the consolidation phase.
BFA is an initiative of the Xunta de Galicia and is promoted through the Axencia GAIN (Galician Innovation Agency), IGAPE (Galician Institute for Economic Promotion), XesGalicia (Galician Venture Capital Management), CEAGA (the Galician Automotive Cluster Foundation), the PSA Group, CZFV (Vigo Free Trade Zone Consortium) and Vigo Activo S.C.R. (Vigo Active). Its purpose is to strengthen Galicia’s positioning in the automotive sector and to boost its international projection.
One of the reasons why Xesol Innovation has accepted the invitation is because of the possibility to belong to an ecosystem made up of CEAGA, the CZFV and the PSA Group.
Xesol Innovation’s project has entered into the consolidation program which will last around 12 months. During this period, the selected companies will be provided with supported to establish themselves in the market and generate sales.
The presence of Xesol Innovation in this environment will foster a bilateral communication framework between Xesol and the mentioned organizations, as well as exposure to new opportunities for all participants.
Business Factory Auto (BFA) is an initiative promoted by the Xunta de Galicia through the Galician Innovation Agency (GAIN), the Galician Institute for Economic Development (IGAPE) and the Collective Investment Undertakings of the Closed-End Type (Xesgalicia); the Free Trade Zone Consortium of Vigo (CZFV) and Vigo Activo S.C.R. (Vigo Activo); the Galician Automotive Companies Cluster Foundation (CEAGA) and the PSA Group.