Parque Científico y Tecnológico de Tenerife (PCTT), commercially known as INtech Tenerife, is a public company established on January 12, 2006, majority-owned by the Cabildo Insular de Tenerife. Its primary mission is to diversify Tenerife’s economy by fostering a culture of innovation and enhancing competitiveness. The organization acts as a catalyst for regional economic development by facilitating the creation and growth of technology-based companies and promoting knowledge transfer between research institutions and B2Bes. PCTT provides the infrastructure and services to support innovative companies, startups, entrepreneurs, and freelance professionals through its distributed network of enclaves. These specialized spaces include coworking areas, B2B incubators, and technology centers focused on specific sectors. Key enclaves are Innovaparq ULL, for science and technology startups; Innovaparq Dársena Pesquera, which includes the TfCoworkIN coworking space; Las Mantecas, which houses the NanoTEC and IACtec technology centers; and a new facility in Barranco Grande for tech and creative industries. The B2B model centers on offering rental spaces and a comprehensive suite of support services. These services include specialized training programs designed with partner companies, startup acceleration, R&D support, and personalized B2B consulting. PCTT also facilitates connections between companies and research groups at the University of La Laguna and provides access to R&D facilities like the Teide HPC supercomputer. A significant part of its offering involves advising companies on how to leverage the Canary Islands’ favorable tax regime, which includes a 4% corporate tax rate for entities in the Canary Islands Special Zone (ZEC). The organization also connects entrepreneurs with a network of investors through its Investment Forum. Key sectors of focus include ICT, software, audiovisual, tourism technologies, astrophysics, sustainability, renewable energies, biomedicine, and biotechnology. Through initiatives like the ‘Talentum Tenerife’ program, PCTT promotes training, research, and knowledge transfer to build a robust talent ecosystem on the island. The organization is managed by a board of directors, with Juan José Martínez Díaz serving as President. Keywords: innovation hub, technology park, economic diversification, startup support, knowledge transfer, B2B incubation, R&D infrastructure, foreign investment, specialized training, talent development, coworking spaces, accelerator, Canary Islands, astrophysics, biotechnology, renewable energy, creative industries, tax incentives, public-private partnership, venture capital
