SODECO

What SODECO does

SODECO (Sociedad para el Desarrollo de las Comarcas Mineras, S.A.) is a regional development agency established in 1988 by Royal Decree 1108/1988 to promote economic diversification and entrepreneurship in the central mining regions of Asturias, Spain. Operating as a Sociedad Anónima with a public-purpose mandate, SODECO is governed by a Board of Directors led by President Antonio Crespo Campillo and Director General Francisco Fernández, with a workforce of 11-50 employees. The agency operates from its headquarters in La Felguera – Langreo and two physical business centers in Nalón (San Martín del Rey Aurelio) and Caudal (Mieres), providing a portfolio of integrated services: seed-capital financing for new and existing enterprises, physical incubation space, and the HUB LaC6 accelerator program.

SODECO's service portfolio is organized around four pillars: (1) business financing, deploying seed capital and direct investments into regional ventures; (2) two Centros de Empresas (Nalón and Caudal) providing physical office space, business incubation, and 'semilleros' (pre-incubation) for idea-stage entrepreneurs; (3) the HUB LaC6 accelerator with active mentorship; and (4) specialized sector programs including FilmLAB LaC6 (cinematographic mentorship), Costura de Autor (high-end fashion craftsmanship), and the Centro de Innovación Carrio (agri-food innovation at a former mine). The agency reports cumulative impact of 191 projects completed, €71.405 million invested in major projects, 3,893 jobs created, and €6.379 million in induced seed capital. SODECO operates within a multi-stakeholder ecosystem involving HUNOSA, HUNEM, Fundación Caja Rural de Asturias, and Fundación Botín, and holds ISO 9001-aligned quality management certification along with EFQM 'Compromiso hacia la excelencia' recognition (2015, renewed 2017).

SODECO's business model is that of a publicly-mandated development agency rather than a commercial enterprise: it channels public and partner capital to regional entrepreneurs through grants, seed investments, and co-investments (e.g., a €1.15M joint investment in Proasur with HUNOSA Empresas in 2026, and participation in Buendía's €8M round). Revenue is not disclosed; pricing for services is not published. The agency has a Plan de Prevención de Riesgos Penales in compliance with Spanish Organic Law 1/2015, and its board positions are unremunerated, consistent with a public-interest governance structure. Its geographic scope is strictly regional — the Nalón and Caudal mining basins of central Asturias — with no global footprint claim.

Name

SODECO

Legal name

SOCIEDAD PARA EL DESARROLLO DE LAS COMARCAS MINERAS, S.A.

Website

https://sodeco.es

Company type

Private

Founded year

1988

Operating status

Operating

Headcount range

11–50 employees

Short description

SODECO is a regional development agency established in 1988 by Royal Decree, supporting entrepreneurship and economic diversification in the central mining regions of Asturias, Spain, through business financing, two physical business centers, and specialized programs in film, fashion, and agri-food.

Ownership category

akta.pro rank

Headquarters

HQ city

Langreo

HQ country

Spain

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Supply Chain

Distribution channels1 record

Marketing channels3 records

Core offering

SODECO is a regional development agency that financially supports and mentors entrepreneurs and SMEs in the Asturias mining basins (Nalón and Caudal). It provides business financing (equity and seed capital), physical incubation through two Centros de Empresas (Nalón and Caudal), an innovation accelerator (HUB LaC6), and specialized sector programs in cinema, fashion, agri-food, and social economy, all aimed at diversifying the economy of former mining territories and retaining population.

Product overview

SODECO operates as a unified regional development platform offering multiple interconnected services: core offerings include business financing for new and existing enterprises, and two physical business centers (SODECO Nalón and SODECO Caudal) that provide facilities and mentorship. Supporting modules include the HUB LaC6 innovation accelerator, specialized programs like FilmLAB LaC6 for film production mentorship, Costura de Autor for fashion entrepreneurship, and Creciendo en Las Cuencas for rural economic development. The Centro de Innovación Carrio represents an agri-food innovation hub. The portfolio functions as an ecosystem where financing, physical infrastructure, acceleration services, and specialized sector programs work together to support regional economic diversification.

Differentiator

Problem solved

Functional benefit

Brands

• SODECO Nalón: Business center operated by SODECO in San Martín del Rey Aurelio, Asturias.
• SODECO Caudal
• FilmLAB LaC6
• Costura de Autor
• Centro de Innovación Carrio

Products and services

• Financiación de Empresas (Business Financing)
• Centros de Empresas (Business Centers)
• HUB LaC6 (Innovation Hub and Accelerator)
• FilmLAB LaC6
• Costura de Autor
• Creciendo en Las Cuencas
• Centro de Innovación Carrio

Quantifiable outcome

• 191 projects completed
• +3 more outcomes

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Four partnerships are on record, tiered core and minor.

• HUNEMcoreStrategic or Co-development PartnerCollaborative partner in multiple programs including 'Creciendo en Las Cuencas' (Growing in the Cuencas) focused on economic and social development of mining regions through social economy, entrepreneurship, and environmental sustainability.
• Fundación Caja Rural de AsturiascoreStrategic or Co-development PartnerCo-development partner in multiple initiatives including 'Creciendo en Las Cuencas' and 'Costura de Autor' (author sewing) program promoting entrepreneurship in high-value creative sectors in mining regions.
• Fundación BotínminorStrategic or Co-development PartnerPartner in 'Creciendo en Las Cuencas' program supporting economic and social development initiatives in mining regions of Asturias.
• HUNOSAcoreStrategic or Co-development PartnerCollaborative partner in Centro de Innovación Carrio at Pozo Carrio, transforming a former mine into a hub for agri-food entrepreneurs. HUNOSA provides the physical space while SODECO facilitates business implantation.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• IDEPA: Instituto de Desarrollo Económico del Principado de Asturias; the Asturias regional government's economic development agency operating alongside SODECO in the same geography with overlapping missions in business financing, innovation support, and entrepreneurship programs.
• ENISA: Empresa Nacional de Innovación, S.A.; a Spanish national development finance entity that provides participatory loans and equity to SMEs, sharing SODECO's model of public capital deployment into entrepreneurial ventures.
• SODERCAN: Sociedad para el Desarrollo de Cantabria, the direct Cantabrian counterpart to SODECO; both are public limited companies (Sociedad Anónima) providing financing, incubation, and economic development services to entrepreneurs in their respective northern Spanish mining/industrial regions.

Broad incumbents

• CDTI: Centro para el Desarrollo Tecnológico e Innovación; the Spanish national innovation agency providing larger-scale financing, grants, and R&D support, offering overlapping capabilities but at a national level with a broader technology focus than SODECO's regional remit.
• ICO: Instituto de Crédito Oficial; the Spanish state-owned bank that co-invested alongside SODECO in the Buendía round, operating as a broad-incumbent public financial institution with significantly larger scale and broader mandate.

Regional players

• SPRI: Sociedad para la Promoción y Reconversión Industrial; the Basque Country's industrial development and innovation agency with a comparable model of business support, financing, and incubation but serving a different geography with stronger industrial rather than mining focus.
• IGAPE: Instituto Galego de Promoción Económica; Galicia's regional economic promotion agency providing financing, advisory, and business support services comparable to SODECO's regional development mandate but operating in northwestern Spain.
• IVACE: Institut Valencià de Competitivitat Empresarial; Valencia's competitiveness and innovation agency providing regional financing, internationalization support, and entrepreneurship programs comparable to SODECO's regional mandate in a different Spanish geography.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/sodeco-sociedad-para-el-desarrollo-de-las-comarcas-mineras

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about SODECO