Spanish Society for Technological Transformation

The Spanish Society for Technological Transformation (SETT) operates as a public business entity dedicated to financing and investing in advanced and transformative technologies. It focuses on critical areas including digital transformation, telecommunications, microelectronics, semiconductors, new disruptive digital technologies, and the audiovisual sector. The entity adopts a proactive co-investor role, providing capital and strategic support to foster innovation and technological development within the national ecosystem.

SETT was established by the Government of Spain, with its creation officially approved by the Council of Ministers on July 16, 2024. The initiative emerged from the insight that a concerted public effort was needed to elevate the added value of the Spanish economy through strategic technological investments. Adhering to the Ministry for Digital Transformation and Public Function, its leadership includes the Secretary of State for Telecommunications and Digital Infrastructures, Antonio Hernando Vera, overseeing its operational direction.

The entity serves Spanish companies and projects operating in its target technological domains, aiming to propel their growth and global competitiveness. SETT’s overarching vision is to position Spain as a leader in the digital revolution, thereby fundamentally transforming the nation's economic model. It integrates and executes funds from key strategic programs, including the PERTE Chip, Next Tech, and Spain Audiovisual Hub, to realize this long-term objective.