PROEXCA

What PROEXCA does

PROEXCA (Sociedad Canaria de Fomento Económico S.A.) is a public commercial company wholly owned by the Government of the Canary Islands, attached to the Presidency of the Government of Canarias. Its mandate is twofold: (i) promote the internationalization of Canarian companies and (ii) attract strategic foreign direct investment to the archipelago. The organization does not sell commercial services; instead it distributes EU-co-financed and government-funded programs that subsidize and accompany SMEs through international expansion, talent development, and sector-specific internationalization. Its core product portfolio comprises three subsidy programs — Canarias Aporta (50% subsidy for international promotion, technical assistance, and trade-fair participation), Aporta Pymes Islas no Capitalinas (75% subsidy for SMEs in Lanzarote, Fuerteventura, La Graciosa, La Palma, El Hierro, La Gomera), and Aporta PRE Islas Capitalinas (75% subsidy for Gran Canaria and Tenerife SMEs) — alongside talent programs such as the Becas en Negocios Internacionales (85% co-financed by the European Social Fund Plus) and the WEConnect International / Internacionaliza Mujeres certifications for women entrepreneurs.

The investment attraction function is operated under the 'Canary Islands Hub' commercial brand via three incentive programs: the Business Ambassadors Program (BAP), Africa Business Consuls (ABC), and Canarias Latam Tech, the last being an immersion program for Latin American tech and audiovisual startups entering the European market via the islands. Supporting infrastructure includes the Red Exterior network of delegates in Brussels, Morocco, Madrid, Senegal, Berlin, and London plus Export Managers covering 30+ countries; the Enterprise Europe Network-Canarias consortium membership (since January 2022); the e-Canarias Digital transformation program; the Observatorio Canarias África market intelligence platform; and the PROEXCA Talent diaspora network. The technology stack is conventional web/content management rather than proprietary software; there are no disclosed patents, AI/ML capabilities, or commercial APIs. All services are delivered free of charge to beneficiaries, and the entity is funded by Canarian government budget allocations and EU structural funds.

Name

PROEXCA

Legal name

Sociedad Canaria de Fomento Económico S.A. (Proexca)

Website

https://proexca.es

Company type

Private

Operating status

Operating

Headcount range

101–250 employees

Short description

PROEXCA is a public commercial company of the Government of the Canary Islands that promotes the internationalization of Canarian SMEs via 50-75% subsidy programs and attracts strategic foreign investment through its Canary Islands Hub brand and an international delegate network across four continents.

Ownership category

akta.pro rank

Product category

Economic Development Services

NAICS

International Affairs (92812), Business Associations (81391)

SIC

International Affairs (9721), Foreign Governments (8888)

akta.pro primary industry

Investment Promotion & FDI Facilitation (BPADAMAD)

akta.pro secondary industry

Economic Growth, Trade & Private Sector Development Programs (BPADABAF)

Keywords

• Internationalization support services
• Investment attraction programs
• Trade promotion services
• Export development assistance
• Foreign direct investment

Headquarters

HQ city

Las Palmas De Gran Canaria

HQ country

Spain

HQ region

Europe

Offices9 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Public Funding and Government Support: PROEXCA operates as a public company (Sociedad Canaria de Fomento Económico S.A.) attached to the Presidency of the Government of the Canary Islands, funded primarily through public budgets and EU co-financing programs. The organization does not generate commercial revenue but distributes subsidies and support services to Canarian companies.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels9 records

Core offering

PROEXCA (Sociedad Canaria de Fomento Económico S.A.) is a public company of the Government of the Canary Islands that promotes the internationalization of Canarian companies and attracts strategic foreign direct investment to the archipelago. It delivers subsidized accompaniment programs (50–75% coverage) for international market expansion, training and scholarship programs for international business talent, and investment attraction services through its Canary Islands Hub brand and a Red Exterior delegate network spanning Europe, Africa, the Americas, and Asia.

Product overview

PROEXCA (Sociedad Canaria de Fomento Económico S.A.) is a public company attached to the Presidency of the Government of the Canary Islands that operates as a comprehensive internationalization and investment attraction services platform rather than a single product. The core portfolio centers on three interconnected service areas: (1) Exterior Promotion including Canarias Aporta, Aporta Pymes/Aporta PRE programs offering subsidies for international market expansion; (2) Talent Training with international business scholarships, WEConnect International, and Internacionaliza Mujeres programs; and (3) Investment Attraction under the Canary Islands Hub brand featuring Business Ambassadors Program, Africa Business Consuls, and Canarias Latam Tech. Supporting services include e-Canarias Digital for digitalization, technical assistance programs, Enterprise Europe Network membership, and PROEXCA Talent for diaspora networking. The organization maintains a Red Exterior (External Network) of delegates across Europe, Africa, and America to support Canarian companies' expansion and attract foreign investment.

Differentiator

Problem solved

Functional benefit

Brands

• Canarias Aporta: Annual accompaniment program supporting internationalization of Canarian companies with 50% subsidy for international market activities including promotion, technical assistance, and trade fair participation.
• Aporta Pymes Islas no Capitalinas
• Aporta PRE Islas Capitalinas
• Becas en Negocios Internacionales
• Business Ambassadors Program (BAP)
• Africa Business Consuls (ABC)
• Canarias Latam Tech
• e-Canarias
• Canarias: Islas de moda
• Programa de Asistencias Técnicas
• WEConnect International
• Internacionaliza Mujeres
• PROEXCA Talent

Products and services

• Canarias Aporta
• Aporta Pymes Islas no Capitalinas
• Aporta PRE Islas Capitalinas
• e-Canarias Digital
• Becas en Negocios Internacionales
• Business Ambassadors Program (BAP)
• Africa Business Consuls (ABC)
• Canarias Latam Tech
• Programa de Asistencias Técnicas
• Canarias: Islas de Moda
• WEConnect International Certification
• Programa Internacionaliza Mujeres
• PROEXCA Talent
• Enterprise Europe Network (EEN) Canarias
• Canary Islands Hub
• Canarias KnowHow

Quantifiable outcome

• 72 Colombian companies expressed interest in addressing the European market through Canary Islands
• +3 more outcomes

Named customers12 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Nine partnerships are on record, tiered core and supporting.

• Enterprise Europe Network (EEN) - Canarias ConsortiumcoreStrategic or Co-development Partner · 1 January 2022PROEXCA became a member of the Enterprise Europe Network (EEN) - Canarias consortium from January 2022. The EEN is an EU network supporting SMEs with services including internationalization, innovation, technology transfer, and access to EU funding. PROEXCA provides access to these services to Canarian companies through its delegate in Brussels covering Central Europe.
• Cámara de Comercio de Gran CanariasupportingStrategic or Co-development PartnerCollaboration with the Chamber of Commerce of Gran Canaria for managing the international strategy component of the Aporta PRE Capital Islands 2025 program, supporting small enterprises in Gran Canaria with international promotion.
• Cámara de Comercio de Santa Cruz de TenerifesupportingStrategic or Co-development PartnerCollaboration with the Chamber of Commerce of Santa Cruz de Tenerife for managing the international strategy component of the Aporta PRE Capital Islands 2025 program, supporting small enterprises in Tenerife with international promotion.
• Government of Canary IslandscoreStrategic or Co-development PartnerPROEXCA is a public company (Sociedad Canaria de Fomento Económico S.A.) attached to the Presidency of the Government of Canary Islands. The government provides institutional support, funding, and strategic direction for internationalization and investment attraction initiatives.
• Gobierno de CanariascoreStrategic or Co-development PartnerCo-organizer of the Canarias Latam Tech program together with Proexca, promoting Latin American tech and audiovisual companies to establish operations in the Canary Islands as a gateway to Europe.
• MAC Interreg (Atlantic Islands Cooperation)supportingStrategic or Co-development PartnerPROEXCA participates in the MAC Interreg program supporting cooperation among Atlantic island regions, including technical assistance projects connecting Canarian companies with Senegal for access to international tenders.
• Gesplan (Gestión y Planeación Territorial y Medioambiental)supportingStrategic or Co-development PartnerCollaboration with Gesplan to connect Canarian companies with Senegal under the MAC Interreg AT Clima project, facilitating access to international tenders and business opportunities.
• Universidad Europea de CanariassupportingStrategic or Co-development PartnerDesignated as the training institution for the International Business Scholarships program, providing theoretical education in international business as part of the FSE+ co-financed scholarship initiative.
• WEConnect InternationalsupportingStrategic or Co-development PartnerInternational network connecting women-owned businesses with corporate buyers. PROEXCA offers the WEConnect International certification program, enabling Canarian women entrepreneurs to access over 170 global corporate buyers.

Scale indicators6 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• IDA Ireland: Ireland's foreign-direct-investment promotion agency, a statutory body of the Irish government. Comparable in its mandate to attract strategic FDI to a regional/peripheral European economy and to act as the single-window intermediary between investors and government — directly analogous to PROEXCA's Canary Islands Hub function.
• ProColombia: Colombia's national investment promotion and export agency under the Ministry of Trade, running prescriptor-driven FDI attraction, sector programs, and international delegate coverage. Directly comparable to PROEXCA's Business Ambassadors Program and Canarias Latam Tech activities, but operating at a country level.
• Apex-Brasil (Agência Brasileira de Promoção de Exportações e Investimentos): Brazil's national export and investment promotion agency, which runs internationalization programs, trade missions, sector-specific branding, and a network of international offices — closely parallel to PROEXCA's combination of subsidy programs, sector branding (audiovisual, fashion), and overseas delegates.
• SelectUSA: U.S. federal investment-promotion program under the Department of Commerce, focused exclusively on attracting FDI into the United States. Comparable mandate to PROEXCA's Canary Islands Hub / Business Ambassadors Program, though it operates at federal scale rather than regional-island scale.
• Basque Trade & Investment (Basque Government): The Basque Country's regional trade and investment agency, providing internationalization services, subsidies, and FDI support to Basque firms via an international delegate network — directly comparable in mandate, structure, and funding model to PROEXCA, but serving a different (industrial) regional economy.
• ICEX España Exportación e Inversiones: Spain's national trade and investment promotion agency, attached to the Ministry of Industry, Trade and Tourism. It is the direct national-level counterpart to PROEXCA, running parallel programs (subsidies, trade missions, investment attraction, talent training) for Spanish companies, whereas PROEXCA is the regional Canary Islands agency operating under a similar mandate at island-region scale.
• COFIDES — Compañía Española de Financiación del Desarrollo: Spain's state-owned development finance company providing debt and equity financing to Spanish firms' internationalization projects and to FDI in developing countries. Functional peer to PROEXCA on the financial-incentivization side of Spanish internationalization, though COFIDES operates as a finance entity rather than a service/subsidy platform.
• ACCIÓ — Generalitat de Catalunya: Catalonia's competitive-business agency, also a regional government entity responsible for internationalization, innovation support, and FDI attraction for Catalan companies — the closest functional peer to PROEXCA at the autonomous-community level in Spain, sharing the same subsidy, delegate-network, and sectoral-program playbook on a different regional scale.

Broad incumbents

• AECID — Agencia Española de Cooperación Internacional para el Desarrollo: Spain's national development-cooperation agency, attached to the Ministry of Foreign Affairs. Overlaps with PROEXCA on the international-development axis (e.g., MAC Interreg collaborations with Senegal) but operates at state level across broader cooperation priorities — a broader incumbent in the same Spanish ecosystem.

Others

• Enterprise Europe Network (EEN) consortium: The EU-wide consortium of which PROEXCA's EEN-Canarias is a member since January 2022, providing SMEs with internationalization, innovation, and technology-transfer services. Comparable as the parent network in which PROEXCA participates as a regional node; an enabling ecosystem rather than a direct competitor.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/proexca
• YouTubeyoutube.com/user/infoproexca
• Facebookfacebook.com/EnterpriseEuropeNetworkCanarias
• LinkedInlinkedin.com/company/proexca-gobierno-de-canarias

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about PROEXCA