THE MINISTRY OF SCIENCE AND TELEFONICA
WILL INVEST IN TECHNOLOGY COMPANIES Madrid, July 27. (EFE) .- The Minister of Science and Innovation,Cristina Garmendia, and the chairman of Telefonica, CesarAlierta, today signed an agreement to invest in innovative technology - based entrepreneurial projects in the sector througha public-private venture capital. This agreement is part of the program of the Ministry "INNVIERTE" Sustainable Economy, which aims to encourage investment in innovative companies in this sector "with high growth potential," they said both entities in a joint statement. The Center for Industrial Technological Development, depending on Science and Innovation, is responsible for this plan, which aims to lead the country's technological development and increase levels of competitiveness of innovative companies . Telefonica will provide these companies with funding and expertise in the market. The multinational said that their assistance is open to both companies in a...