Spain is the European country that has been hardest hit by the coronavirus pandemic – in terms of total cases – with more than 130,000 cases to date.
ASCRI president Miguel Zurita said: “The companies in which we have a stake are reacting with numerous initiatives aimed at alleviating the needs arising from the health emergency and the human drama we are experiencing.
“These actions include donations of money or food, the manufacture of masks and respirators and medical equipment, funding for scientific research into the coronavirus, free accommodation, free hygiene products for residential homes, online volunteer initiatives, artificial intelligence platforms at the service of society and predictive models in the fight against the virus, educational webinars and the provision of transport vehicles, among many others.”
In particular, ASCRI highlighted the following initiatives involving private equity funds and other institutions in the financial sector:
Miura Private Equity
Donation to the Hospital Clínic of Barcelona campaign to finance respirators and medical equipment and contribute to coronavirus research. Meanwhile, one of Miura’s affiliates, Citri&Co, is making a fruit donation to Viena Capellanes (a company certified by IFEMA) for the supply of food.
Fitting out of the Sercotel hotel at Madrid airport as accommodation for health personnel who have come from other provinces to help in Madrid.
Carethy, a company in which Banco Sabadell has invested, has donated more than €100,000 euros in hygiene products to residences to decrease the transmission of Covid-19.
Aplanet has provided a free community social action tool that facilitates the organization of volunteer initiatives to help the most vulnerable groups.
Amazon, Glovo, Google for Startups and MásMóvil have joined more than a thousand startups and technology companies on the #StopCorona platform. This is an initiative that was created three weeks ago with one objective: to fight against the coronavirus with technology and data analysis. The platform, led by the Samaipata startup investment fund, collects proposals and ideas from hundreds of companies aimed at tackling the the pandemic. The projects are related to technological development, the 3D printing of medical material, or predictive models.
Altamar’s employees want to support Makkila in its challenge to deliver food to people who are facing difficulties due to Covid-19. Altamar Capital Partners Foundation started a fund with €2,000 euros and wants to raise €15,000. Click here to donate
Initiatives run by its portfolio company Mr. Wonderful.
SeedRocket 4Founders Capital
After the Travelperk CEO launched the initiative, the PIGARI team has donated a total of 1,000 masks. The destination was different nursing homes in the city of Barcelona, one of them went to the Fundació Casa Asil de Sant Andreu de Palomar.
Freezing of European SME loan repayments for an initial period of three months. The initiative was put to a vote of 21,000 individual and institutional investors who jointly provide the funds. The initiative received support from 96 per cent of investors.
MCH Private Equity
Altafit, in which MCH Iberian Capital Fund IV invested, has made
Psious has launched the initiative (www.cuidateencasa.es) in which more than 100 mental health professionals will offer support sessions and free educational webinars. The initiative aims to help the public, and especially health workers, cope with the emotional burden of the Covid-19 crisis.
Delta Tecnic has contributed to the collection of over 6,000 gloves, 600 masks (type FFP1, FFP2, FFP3 and surgical), 750 boots, 400 gowns, 100 full protective suits, around 90 litres of disinfectant, 23 caps and 20 goggles to supply the Hospital de Sant Celoni.
Larrumba Group has joined the Food 4 Heroes initiative, a platform that brings together several restaurants in the capital to bring food to hospital staff from Madrid. Through this initiative, various Madrid restaurant chains support the work of health workers in more than fifteen hospitals in Madrid, the most affected by the Covid-19 crisis.
Flex has donated 90 clinical mattresses to the Hospital Infanta Sofia in San Sebastian de los Reyes in Madrid.
Quimi Romar has donated 10,000 jars of sanitizing gel to hospitals. The Natural Fruit Company has donated 20 tons of fruit.
Bipi – Assignment of vehicles for health sector transport
Carto – implementation with two other startups, Telefónica and Ferrovial, of a platform for attending patients.
Odilo – opening of its educational platforms to all schools and institutions that request it, as well as educational material for remote working and webinars, as well as training on how to use it.
Offer of quick investment for entrepreneurs who have, or who are developing, innovative technological products or services that offer solutions to any of the challenges that COVID-19 is posing, such as tools to: improve the efficiency of patient care protocols; reduce the spread of the coronavirus; improve quality of life for those in quarantine; facilitate efficient work; maintain jobs; mobilize resources for the most vulnerable sectors hit by the crisis.
El Fornet carried out a campaign on Father’s Day involving donating products to the health personnel of several of the main hospitals in Barcelona and Madrid (a total of 15 hospitals and 450 cakes donated).
Caixa Capital Risc
Initiatives are divided into two groups, on the one hand those aimed at improving solidarity in society, and on the other hand, those aimed at reducing the impact on business and providing tools for teleworking.
Psious – makes available free technology to people that facilitates remote psychological help sessions and educational webinars. Anyone can sign up at www.cuidatenencasa.es
Validated ID – has launched a campaign through its partners that will facilitate the signing of documents electronically free of charge until the end of April. Allowing companies to sign as many documents as they require at no cost and with the maximum legal guarantees.
Sheetgo – offers a template based on Google Sheets that allows you to measure the impact of the coronavirus outbreak in terms of the most important metrics of a company. The template extracts live data from the COVID-19 database providing an automated KPI analysis on the dashboard.
Clevernet – has specifically developed a solution for the optimization of connections in WFH [working from home] mode in order to better facilitate working from home, without speed restrictions due to VPNs thanks to multi-way routing that takes advantage of the best available connections on WAN.
Simple Cloud – has launched a cloud platform that enables remote working with the support of IBM.
Competia – the company has developed a tool to motivate employees, as well as measure and reinforce training and knowledge, while teleworking.
Suma has made a donation that will be used to help the Hospital Clínic de Barcelona, which has made an urgent request for help through www.migranodearena.org
Foodbox – has joined the Food4Heroes initiative, distributing products free of charge to health care professionals.
Phibo – specialised in the manufacture of dental prostheses, it is using its production and 3D printing facilities to produce and donate (i) components for ICU respirators, (ii) protective visors, and (iii) masks.
Worldcoo – has set up the portal coronavirus.worldcoo.com so anyone can get more information about the different fundraising projects for tackling Covid-19. Worldcoo is a free online platform that unites companies and users committed to NGOs and helps to provide finance for projects with high social impact.
Hotel Barcelona 1882 – offers accommodation in its rooms for workers and doctors who have to commute to work.
Repsol Corporate Venture
Recreus, a portfolio company dedicated to 3D printing, is offering a 30 per cent discount on filaments for mask making.
Eysa – has launched a program to transfer health personnel free of charge.