Confidential Strategic Brief · 2026

Where deep technology finds capital, infrastructure and time.

FORJA is a venture-backed accelerator for hard-tech startups. A public–private platform that replaces the single largest cost on a founder's cap table — building their own lab — with shared world-class engineering infrastructure, specialised operating mentorship and pre-seed capital.

30–50M€
Total Programme Endowment
50 / 50
Public Entity × Hard-Tech VC
10%
Equity per Portfolio Company
500K€
Pre-Seed Ticket · Per Company
01 — Thesis

Europe leads in deep-tech research. It lags in deep-tech ventures.

Hard-tech founders lose between eighteen and thirty-six months, and several million euros, assembling the laboratory capacity they need before their first prototype. That capital is absorbed by equipment, not by the science. FORJA exists to remove that burden and compress the industrial development cycle from five years to two.

i.

Public infrastructure becomes venture infrastructure

A publicly-funded engineering facility — co-designed with technology centres and anchor universities — becomes the physical backbone of the programme. Startups access it in exchange for equity, not rent.

ii.

Specialised private capital alongside, not after

A hard-tech VC co-invests from day one with the public entity on a 50/50 basis. Financial discipline, commercial judgement and follow-on conviction live inside the programme, not outside of it.

iii.

Operator-grade mentorship, not advisory-board tokenism

Senior founders who have already built, scaled and exited industrial companies lead the cohorts. Mentors are compensated on equity aligned outcomes, not on visibility.

02 — The Model

A single, clean deal with the founder.

Every company that enters FORJA receives infrastructure, capital and mentorship under one simple, investor-grade deal structure — designed to survive Seed and Series A due diligence without renegotiation.

Equity acquired
10%
Fully diluted, upon entering the programme. Clean common/preferred structure aligned with EU VC standards.
Capital injection
Up to 500K€
Cash investment at a pre-seed valuation. Deployed against hiring, go-to-market execution and milestone-driven engineering.
Programme duration
12–18 months
Long enough to reach a prototype-to-pilot milestone. Short enough to raise Seed or Series A on clean metrics.
Cohort size
8–12 companies
Two cohorts per year. Curated for non-overlapping technology risk and complementary infrastructure needs.
Lab access
Unrestricted
Full access to FORJA's engineering platform — equipment, technicians, materials and cleanroom-adjacent space — throughout the programme.
Follow-on
Pro-rata
The VC co-investor reserves the right to participate in Seed and Series A rounds on market terms. Public entity retains its equity position through follow-ons.
03 — Why this, why now

Software accelerators do not work for companies that ship atoms.

The hard-tech founder's first eighteen months are consumed by three structural problems that software accelerators were never designed to solve.

CapEx absorption. Between €1–5M of the first fundraised round is spent standing up lab capacity — oscilloscopes, SEM time, 3D-printing rigs, environmental chambers — that the company will outgrow, depreciate, and under-utilise.

Talent gravity. Senior engineers join ventures that already have a laboratory. The absence of a physical workbench is the single most frequent reason early hard-tech hires fall through.

Investor legibility. A hard-tech company without an operating prototype is not yet a Seed-ready story. Most die between grant funding and Seed not because the science is weak, but because the commercial timeline cannot absorb the infrastructure gap.

Public capital, stranded. Europe already commits significant public funding to deep-tech research — much of which is returned or under-spent because grant vehicles are not structured to deliver industrial-grade outcomes. FORJA gives that capital a conversion layer.

FORJA closes all four gaps inside a single venture-grade platform.

04 — The Engineering Platform

A shared lab estate worth more than most Series-A rounds.

Six interconnected laboratories, a supporting technical workforce, and a shared stores function. Designed in partnership with established technology centres to avoid duplication and to plug directly into existing Catalan and European research infrastructure.

L1.Electronics & PCB Prototyping

Mixed-signal design benches, reflow and pick-and-place lines, high-frequency analysis, EMC pre-compliance, embedded test racks.

L2.Mechanical & Additive Manufacturing

CNC machining, industrial-grade FDM/SLA/SLS printing, metal sintering partnerships, CMM metrology and structural test rigs.

L3.Materials & Characterisation

Shared SEM/FTIR/XRD access through partner centres, thin-film deposition, tribology, accelerated ageing, failure analysis.

L4.Energy, Power & Thermal

Power electronics lab, battery cycling and safety testing, thermal chambers, high-current DC/AC benches, grid-emulation hardware.

L5.Robotics, Autonomy & Testing

Indoor test arena, sensor calibration, ROS-native integration benches, environmental rigs, low-speed mobility validation track.

L6.Cleanroom-adjacent & Wet-Lab Interface

Class-10K adjacent space for micro-assembly, photonics and biotech-adjacent prototyping, integrated with wet-lab partners for cross-discipline projects.

05 — Fund Architecture

Public capital, private discipline.

A vehicle sized to deliver industrial returns without distorting the public mission. Governance is shared; investment decisions sit with the specialised VC; infrastructure decisions sit with the public entity and its technical partners.

Total programme
30–50M€
Ten-year envelope covering laboratory CapEx, operating team, portfolio investment and follow-on reserves.
Capital stack
50 / 50
Equal split between the public anchor (infrastructure + matching capital) and the hard-tech VC (co-investment + fund management).
Horizon
10 years
Standard institutional fund horizon with an optional 2-year extension for portfolio maturation.
Throughput
160–200 companies
Two cohorts per year of 8–12 companies over the programme's investment period.
Alignment
Carried interest shared
Upside distributed between the public entity, the VC, the operating team and a founder-dedicated pool that recycles into the ecosystem.
06 — Deployment Roadmap

From mandate to first cohort in twelve months.

Four phases, two years. The first eighteen months are structurally about governance, infrastructure and team. Everything else compounds from there.

Phase 0 — M0 / M3

Mandate & Vehicle

Months 0 – 3

Memorandum of Understanding between the public entity and the VC; constitution of the investment vehicle; initial governance; binding site selection for the infrastructure anchor.

Phase 1 — M3 / M9

Infrastructure & Team

Months 3 – 9

Laboratory design and procurement; partnership agreements with technology centres (Leitat, Eurecat, Tecnocampus and others); hiring of the managing team, senior mentors, engineers and lab technicians; digital and legal infrastructure.

Phase 2 — M9 / M12

Opening & Cohort One

Months 9 – 12

Commissioning of the engineering platform; open call across European hard-tech communities; selection of cohort one; onboarding; formal programme launch.

Phase 3 — Y1 / Y2

Delivery & Demo Day

Year 1 – Year 2

First cohort runs 12–18 months of engineering and commercial milestones; Demo Day with anchor Seed and Series A funds; launch of cohorts two and three; first follow-on deployments.

Phase 4 — Y2 / Y10

Scale & Portfolio

Year 2 – Year 10

Steady-state: 16–24 startups admitted per year, ongoing follow-on deployment, reinvestment of realised gains into the public mission and into a new generation of Catalan and European hard-tech founders.

07 — Team & Anchor Partners

Operators, not intermediaries.

FORJA is led by founders and institutional engineers with first-hand operating experience. The founding circle combines entrepreneurial leadership with direct authority over Catalonia's most capable technology infrastructure.

JGFounder

José Antonio González Paz

Founder & Managing Director

Entrepreneur and operator with a track record across deep-tech venture building, corporate strategy and international commercial development. Origin and driving force behind FORJA.

JRAnchor Partner

Jordi Rodríguez

Scientific Infrastructure · Leitat

Senior figure at one of Southern Europe's leading applied-research technology centres. Strategic link between FORJA's engineering platform and Catalonia's existing laboratory estate.

JCAnchor Partner

Josep Lluís Checa

Ecosystem & Education · Tecnocampus

Leader inside Tecnocampus and the Maresme innovation ecosystem. Anchors FORJA's talent pipeline into engineering schools and regional industrial employers.

RCOperating Partner

Roger Casals

Serial Entrepreneur · Operating Partner

Multi-time founder with international exits across cybersecurity and enterprise technology. Brings founder-grade mentorship and the commercial reality of building venture-scale companies.

Senior Startup Mentors, staff engineers and laboratory technicians will be recruited under the Phase 1 plan. An operating committee combining the public entity, the VC, and the anchor technology centres will formalise the final composition of the team. Named anchor partners reflect the founding dialogue and are subject to formal confirmation.

Next step

A private conversation with the founding team.

FORJA is being structured through direct engagement with senior public stakeholders and a short list of specialised European venture firms. This page exists to support that conversation. Requests for the full strategic brief, financial model and governance draft are handled by invitation only.