Door 08 · A technology
Your technology already has a value. Here it becomes a stake.
You have already built something, and the question is not whether it is worth anything: it is how much, and who decides. Volcano's internal committee values it, that value becomes a stake in the project, and the last word is yours: without your agreement, there is no transfer.
Who it is for
Is this you?
Companies, laboratories, universities and engineers with a technology already developed: a prototype, a patent, a piece of software, a proven process. A technology that today yields less than it is worth, or nothing at all, and that they do not want to sell off cheaply or let grow old.
Step by step
How it works
- You present it to us
Under agreed confidentiality. We do not ask for transfers up front: first it is valued, then it is negotiated.
- The committee values it
Volcano's internal committee examines technical maturity (TRL), state of protection, applicability and market, and issues a valuation. You are free to accept it or not: without your agreement, there is no transfer.
- The value becomes a stake
The agreed value of your technology becomes a share of the project that incorporates it. If the project gives rise to a new startup with no other projects, your share of the project equals your stake in the startup. If an existing startup acquires the project, the startup's pre-existing value is compared with the project's value and your stake follows from that proportion.
The result
What you get
A stake proportional to the real value of your technology, not to your negotiating skill; a valuation made by an intellectually honest committee; and the freedom to say no.
- Valuation by the internal committee. A method, not a haggle: maturity, protection, applicability and market, measured with the same rigour for everyone.
- The last word is yours. If the valuation does not convince you, you transfer nothing: the technology stays yours and the door stays open.
- Transparent conversion into a stake. The conversion rule is known before signing, not after: share of the project, and from there, depending on the case, a stake in the startup.
Is yours an idea still to be developed? That is a different door: An idea →
Play with the numbers
How much your technology could be worth
The stake follows from the committee's valuation converted into a share of the project: here you can explore the range (indicative). Choose the type of startup and move the two sliders: your stake and the years of the journey.
Indicative median valuation for that type in that year:
Indicative value of your stake:
Illustrative and non-binding simulation. The time curve derives from US medians by stage (Carta, more than 40,000 startups) adjusted to Spanish reality with a factor of ≈ 0.25, calibrated on two independent anchors from the Spanish market (seed ≈ €2.5-3.5 M pre-money; Series A with usual pre-money ≈ €12-15 M) that converge on the same interval. The multipliers by type are indicative, with the AI premium documented. Sources: Carta 2025, Spain Tech Ecosystem Report (Dealroom · Enisa), Spanish market data on seed and Series A rounds. Each specific operation is valued by Volcano's internal committee and the last word is always yours. Conversion rule: if the project gives rise to a new startup with no other projects, the share of the project equals the stake in the startup; if an existing startup acquires the project, the stake follows from comparing the startup's pre-existing value with the project's value.
Your technology deserves a valuation, not an estimate.
John F. Kennedy, 1962