Andorra Business

What Andorra Business does

Andorra Business (legal name Andorra Desenvolupament i Inversió, SAU) is the official economic promotion and development agency of the Principality of Andorra, established in 2009 and operating under the broader Actua initiative alongside Andorra Digital and Andorra Recerca + Innovació. Headquartered in Andorra la Vella with 19 employees, the agency functions as a single-window government entity supporting both local Andorran companies and foreign investors across company formation, growth structuring, R&D incentives, subsidies, and internationalization. Its portfolio comprises discrete programs rather than a unified SaaS product: the Growth Program for business mentorship, Subvencions grants, R&D Incentives, the Enlaira startup accelerator (with Creand Accelera), the EXIT internationalization initiation program, the Relleu Empresa business-transfer platform (with the Chamber of Commerce), the Tàndem education-business innovation project, the AWE female-entrepreneur program, the Andorra Sports Innovation Hub, the Andorra Startup ecosystem platform, and an ICT service-provider catalogue.

The business model is non-commercial: Andorra Business is wholly owned by the Andorran government as a Societat Anònima Unipersonal and is funded by direct budgetary allocations rather than user fees. All services — including mentorship, market reports, business missions, and grant administration — are provided free of charge to eligible beneficiaries. Revenue mechanics are therefore public-sector appropriations, while the agency administers substantial pass-through capital (a €2M innovation call, €500K in R&D&I subsidies, €180K 2026 grant budget, and €52K+ first-call subsidies) that does not flow through its own income statement. Go-to-market is event-driven and partnership-driven: the agency maintains recurring presence at international trade fairs (4YFN, Web Summit, Smart City Expo, World Summit AI, Sports Summit Madrid) and cultivates a curated international partnership network including ACCIÓ (Catalonia), GSIC by Microsoft, France-Fintech, France-Digital, Tech Barcelona, Alastria, and Trade Promotion Europe, plus participation in Interreg POCTEFA cross-border projects. The customer base spans startups, SMEs, and enterprises across cosmetics, biotech, fintech, health tech, food tech, sports, audiovisual production, and security technology, with no concentration risk among commercial clients but structural dependency on government budget continuity.

Name

Andorra Business

Legal name

Andorra Desenvolupament i Inversió, SAU

Website

https://andorrabusiness.com

Company type

Private

Operating status

Operating

Headcount range

11–50 employees

Short description

Andorra Business is the Principality of Andorra's government economic promotion agency, providing free company-formation, grant, R&D, and internationalization services to local firms and foreign investors through programs like Growth, Subvencions, Enlaira, and EXIT.

Ownership category

akta.pro rank

Product category

Economic Development Services

NAICS

Management of Companies and Enterprises (55111)

SIC

Services-Management Consulting Services (8742)

akta.pro industry

PRIMARYBPADAEAE

Economic Growth, Livelihoods & Private Sector Development

Business & Public Services/International Organizations & Development/International Development & Technical Assistance

SECONDARYBPADAMAC

Export Promotion & Market Access Support

Business & Public Services/International Organizations & Development/International Trade & Economic Development

Keywords

• Economic development services
• Business formation support
• Internationalization programs
• R&D incentives
• Startup acceleration

Headquarters

HQ city

Andorra la Vella

HQ country

Andorra

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Others

Revenue model

1. Government Funded Operations: Andorra Business operates as a public agency funded by the Government of Andorra. The agency provides free services to businesses including company formation support, growth programs, subsidies, R&D incentives, and internationalization services. Revenue comes from government budgetary allocations rather than commercial activities.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels6 records

Core offering

Andorra Business (Andorra Desenvolupament i Inversió, SAU) is the official economic promotion and development agency of the Principality of Andorra. It provides free business support services including company formation assistance, growth and mentorship programs, R&D incentives and subsidies, internationalization programs, and digital platforms for business succession, all aimed at supporting local Andorran companies and attracting foreign investment to diversify the country's economy.

Product overview

Andorra Business (Andorra Desenvolupament i Inversió, SAU) is the economic promotion and development agency of Andorra offering a portfolio of business support programs rather than a traditional SaaS product. The portfolio includes the Growth Program for business mentorship, Subvencions (grants) for entrepreneurs, R&D Incentives for innovation projects, the Enlaira acceleration program for startups (partnered with Creand Accelera), the EXIT Program for internationalization initiation, the Relleu Empresa Platform for business succession, the Tàndem Project connecting education and business, the Andorra Startup Platform ecosystem, the AWE Program for female entrepreneurs, and an ICT Service Provider Catalogue. These programs collectively support company creation, growth, innovation, and internationalization for businesses in Andorra.

Differentiator

Problem solved

Functional benefit

Quantifiable outcome

• 40% increase in billing for participating companies (Maminat case study)
• +4 more outcomes

Named customers14 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

16 partnerships are on record, tiered core, major and minor.

• ACCIÓ (Catalonia)coreStrategic or Co-development PartnerInternational cooperation agreement for business development and investment promotion between Andorra and Catalonia, supporting companies seeking cross-border opportunities.
• GSIC by MicrosoftcoreStrategic or Co-development PartnerPartnership with Microsoft-supported sports innovation hub for promoting Andorra's sports tech ecosystem and connecting with international sports technology companies.
• France-FintechmajorStrategic or Co-development PartnerCollaboration with French fintech association for promoting financial technology innovation and connecting Andorran fintech companies with French ecosystem.
• France-DigitalmajorStrategic or Co-development PartnerPartnership with French digital ecosystem association supporting digital transformation and technology company connections.
• Tech BarcelonamajorStrategic or Co-development PartnerCollaboration with Barcelona's technology hub for connecting Andorran startups and companies with the Barcelona tech ecosystem.
• EPSI EUminorStrategic or Co-development PartnerEuropean network partnership for innovation and business support services.
• AnimaminorStrategic or Co-development PartnerCooperative network partnership for business development support.
• Lahti Sports HubminorStrategic or Co-development PartnerFinnish sports innovation hub partnership for exchanging best practices in sports technology and innovation.
• Red Business MarketminorGTM or Marketing PartnerInternational business networking platform for promoting Andorran businesses.
• Trade Promotion Europe (TPE)majorGTM or Marketing PartnerEuropean trade promotion network membership for international business development support.
• La Table OvaleminorGTM or Marketing PartnerFrench business network partnership for cross-border business opportunities.
• ACTINN (Andorra Innovation Cluster)coreStrategic or Co-development PartnerCollaboration with Andorra's Innovation and New Technologies Cluster on programs including the Observatory on Internationalization of Andorran Companies.
• Creand AcceleracoreStrategic or Co-development PartnerJoint acceleration program (Enlaira) for Andorran startups with growth potential, combining financial and business development support.
• Chamber of Commerce, Industry and Services of AndorracoreStrategic or Co-development PartnerCollaboration on business missions, Relleu Empresa platform for business transfers, and joint support for Andorran companies.
• Andorra Government (Comuns)coreStrategic or Co-development PartnerJoint initiative for Relleu Empresa platform with all Andorra municipalities for facilitating business transfers.
• Export Enterprises S.A.majorTechnology or IntegrationCo-responsibility for the Andorra Internationalization and Business Platform (portal empresa), providing digital services for internationalization support.

Scale indicators8 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Monaco Economic Board: Monaco's economic promotion agency serving a micro-jurisdiction with similar constraints (small population, premium positioning, tax-sensitive value proposition); directly comparable in mandate to diversify beyond tourism and attract high-value-added businesses.
• IDA Ireland: Ireland's foreign direct investment agency; comparable as a small-jurisdiction national agency that built a high-value-added foreign-investment franchise using tax/incentive tools, partnership networks, and curated sector targeting — a model Andorra Business is actively emulating.
• Business France: France's national agency supporting international development of French companies and foreign investment attraction; comparable in mandate (export promotion, FDI, business missions, trade fairs), scope of international partnerships, and government ownership.
• Catalonia Trade & Investment (ACCIÓ): Catalonia's economic promotion agency and named Andorra Business partner; directly comparable in offering grants, internationalization, and FDI programs, and a real operational peer given the formal partnership channel for cross-border company support.
• Luxembourg Trade & Investment (House of Entrepreneurship ecosystem): Small European jurisdiction's investment promotion vehicle; comparable because Luxembourg built a national brand around financial services, fintech, and high-value-added business attraction — directly parallel to Andorra Business's diversification strategy into fintech, biotech, and sports-tech.
• Invest in Spain (ICEX): Spain's national investment promotion agency under ICEX; comparable as a state-mandated agency attracting foreign companies and supporting internationalization, with similar program structures (grants, incentives, FDI support) and partnerships with EU ecosystems.

Broad incumbents

• Enterprise Singapore: Singapore's government agency for enterprise development, industry transformation, and FDI; comparable as a state-owned single-window agency offering grants, accelerators, and internationalization support — though operating at vastly greater scale and broader sector scope.
• Switzerland Global Enterprise (S-GE): Switzerland's official trade and investment promotion organization; comparable in delivering export promotion, market-entry support, and FDI facilitation through international partnerships, though at a much larger scale and with broader sector mandate.
• Invest Hong Kong: Specialized FDI attraction arm of a sub-national jurisdiction (Hong Kong SAR); comparable as a focused investment-promotion agency using fiscal advantages, sector targeting, and single-window facilitation to attract and retain international companies — though at materially larger scale than Andorra.

Others

• Andorra Trade and Investment (Government of Andorra ecosystem): Andorra's broader 'Actua' initiative (Andorra Business, Andorra Digital, Andorra Recerca + Innovació); comparable as the umbrella economic diversification program under which Andorra Business operates and from which it derives program co-funding and cross-referrals.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/AndorraBusiness
• YouTubeyoutube.com/channel/UChUPBE3acHVT8g_iqHEuk-w
• Facebookfacebook.com/andorrabusiness
• LinkedInlinkedin.com/company/andorrabusiness
• Instagraminstagram.com/andorra_business

Revenue estimate

Valuation estimate

Number of profiles

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 Andorra Business