Sesame Summit 2026 – application open

BIND Demo Day: The best of Basque innovation

Innovation isn’t just about the latest technology. It’s about finding practical solutions to real-world problems and putting them to use. That’s been the focus of the Basque ecosystem through BIND, which will hold its ninth Demo Day this week.

Proof of that focus can be easily seen in BIND’s core statement: “AI, IoT, cybersecurity, and clean tech aren’t just buzzwords here—they’re real solutions applied to real use cases, delivering tangible impact in efficiency, cost, and sustainability. At BIND Demo Day, we don’t just present projects. We showcase the future of Basque industry.”

Ahead of this event, we caught up with Casey Larae from the BIND Coordination Team to learn more about how BIND has become a central platform for industrial innovation; the key goals for this year’s event; and what attendees can expect from the latest edition.

Sesamers: What does BIND stand for? How did it become a focal point for innovation in the region?

Casey Larae: BIND is short for Basque Open Innovation Platform, a public–private initiative by the Basque government’s Department of Industry, Energy Transition and Sustainability, and SPRI. It consists of three programs — BIND Corporate, SME, and GovTech — and connects startups with large corporations, SMEs, and public organizations in the region.

Since 2016, BIND has accelerated over 250 startups and launched more than 350 collaborative projects, positioning itself as a hub for innovation by matching disruptive technologies with business needs.

Sesamers: What is the main goal of Demo Day 2025? How does it reflect the evolution of the Basque startup ecosystem?

CL: Demo Day 2025 will showcase solutions from startups and their collaborating corporate partners via the ninth edition of BIND Corporate, spanning AI, internet of things, cleantech, big data, and quantum computing. For 2025, the main goal is to foster connection, especially to connect startups with investors and clients.

The demo day is a testament to the maturity of the Basque ecosystem, with more than 35 deep-tech solutions and a proven pipeline of over 300+ startup projects since 2016.

Sesamers: Nacho Soriano brings a historian’s perspective to this year’s keynote. How can insights from history encourage industry to pursue new ambitions?

CL: Nacho Soriano’s talk, titled “Objective: the Moon”, references historical breakthroughs as a source of inspiration, demonstrating how ambitious visions can drive monumental focus and innovation. The aim is to help us reflect and ask: “What is our Moon? What is necessary to achieve the impossible?”

Sesamers: Why make “tech solutions” the organizing principle for this year’s event?

CL: “Tech Solutions” indicates hands-on, validated technologies that address specific challenges in real-world settings. It’s meant to focus on practical application over theory, and communicate that innovation in the region is solution-oriented, driven by measurable impact.

Sesamers: How did you decide which tech solutions to highlight?

CL: We decided on four verticals based on the active startup-corporate partnerships from the 9th edition of BIND Corporate, and their relevance to the broader Basque ecosystem. They align with investor interests because they each represent scalable, validated, ROI-driven solutions with corporate adoption and clear pathways to impact.

  • Processes and production: Quality automation, digital monitoring, radar sensing, and liquid-cooling systems;
  • Energy transition: Projects include water regeneration, carbon footprint tools, and agrivoltaic systems;
  • Purchases and sales: Smart risk management, bid document automation, costs optimization, trend analytics, focus on smarter operations; and
  • Modeling and digitalization: AI innovation acceleration, digital twins, IoT analytics, virtual assistants, etc.

Sesamers: This year’s agenda features a roundtable on govtech, and new forms of public-private collaboration. How might these shape the next wave of industrial partnerships?

CL: The govtech panel features speakers from Parke and Sprilur, and focuses on new contracting models to engage startups in public projects.

By innovating procurement and encouraging collaboration between startups and public entities, the Basque ecosystem aims to open pathways for startups to contribute to public infrastructure, policy and services and foster a new wave of industrial partnerships.

Sesamers: Can you explain how BIND Corporate works and what we can expect from its 10th edition?

CL: The 10th edition of BIND Corporate will see Basque corporations issuing 12 real-world challenges. Selected startups will participate in a structured 24-week acceleration program that offers mentoring, workshops, free workspaces and investor matching, as well as letting startups work with a corporate client on a paid pilot project.

We can expect to see:

  • Leading corporations presenting 12 use cases that need solutions across verticals;
  • Startups being selected for the accelerator;
  • Pilot execution and validation in live environments; and
  • A demo day with ample investor and client engagement.

Sesamers: What impact do you hope the BIND Awards will have on the winners and the wider startup community?

CL: Awards set a standard for excellence, and motivate new players to join the innovation cycle. By celebrating the most successful collaborations through the BIND Awards ceremony, Demo Day acknowledges standout partnerships; raises winners’ visibility; and inspires the broader innovation ecosystem by highlighting repeatable success stories.

Sesamers: What do you see as the most promising areas of industrial innovation for the Basque region?

CL: The most promising areas in Euskadi blend corporate traction, sustainability goals, and investor interest, driving real transformation. They include:

  • AI and digital twins for predictive and manufacturing optimization;
  • Cleantech and sustainable energy, especially carbon offset tools;
  • IoT and automation across industrial processes; and
  • Govtech and collaborative projects that amplify public innovation.

Sesamers: San Sebastián is famous for its cuisine. Do you have a favorite pintxo that attendees shouldn’t miss during the Pintxo & Connect session?

CL: The iconic San Sebastián pintxo is a “Gilda” with olives, guindilla peppers, and anchovy, on a skewer. It’s a classic Basque pintxo which pairs well with local white wine, txakoli. We hope you can join us for a drink and networking at Demo Day! 

Note: This article is part of a commercial collaboration between BIND and Sesamers. Our team retained full editorial control over the questions and final content.

you might also like

Fundraising 3 hours ago

London-based AI laboratory Ineffable Intelligence has emerged from stealth with a $1.1 billion seed round at a $5.1 billion post-money valuation, the company confirmed on 27 April 2026. The financing is the largest seed round ever raised by a European company and one of the largest first-money-in rounds in the global history of artificial intelligence. The round was co-led by Sequoia Capital and Lightspeed Venture Partners. Participating investors included Nvidia, DST Global, Index Ventures, Google, and the UK Sovereign AI Fund, the British government’s recently established vehicle for backing strategic AI capacity on home soil. A bet on a different path to general intelligence Ineffable Intelligence was founded in 2025 by David Silver, the former Vice President of Reinforcement Learning at Google DeepMind and the principal architect of AlphaGo, AlphaZero and AlphaStar. He is joined by three further DeepMind alumni: Wojciech Czarnecki, Lasse Espeholt and Junhyuk Oh. All four have spent the past decade at the frontier of reinforcement learning research, the discipline behind some of the most consequential demonstrations of machine learning over the past ten years. The company describes its objective as building a “superlearner” — an AI system capable of acquiring knowledge directly from its own experience rather than from human-generated text or imagery. “Our mission is to make first contact with superintelligence,” Silver said in a statement accompanying the launch. “We are creating a superlearner that discovers all knowledge from its own experience, from elementary motor skills through to profound intellectual breakthroughs.” The framing is a deliberate departure from the dominant industry trajectory. Most leading AI laboratories, including OpenAI, Anthropic and Google DeepMind itself, have built large language models trained primarily on the corpus of the internet, then refined that training with human feedback. Ineffable’s wager is that the marginal returns on scaling text-based pretraining are diminishing and that the next leap in capability will come from agents that learn endlessly from the consequences of their own actions, in much the same way AlphaZero learnt the game of Go without studying any human matches. Why $1.1 billion at seed The size of the round is unusual even by the inflated standards of the 2026 AI capital cycle. Two factors appear to explain it. First, frontier reinforcement learning at the scale Ineffable describes is computationally extraordinarily expensive: the company will need to operate vast simulation environments and train very large models against them, an undertaking that consumes capital at a rate closer to physical R&D than to traditional software. Second, the round signals a strategic move by Europe’s investor and policy ecosystems to retain the most ambitious AI researchers on the continent. The presence of the UK Sovereign AI Fund alongside Sequoia, Lightspeed and Nvidia is the clearest expression of that intent. The British government has publicly framed the investment as a bet on breakthrough AI that “can discover new knowledge”, positioning the country as a willing co-investor in domestic frontier laboratories. For Ineffable, the implication is access not only to capital but to compute, regulatory engagement and the still-resilient academic talent base around UCL, Oxford, Cambridge and Imperial. Founder pledge of historic scale Alongside the funding announcement, Silver disclosed that he is committing 100 per cent of any personal proceeds from his Ineffable equity to charity via the Founders Pledge network — described by the organisation as the largest pledge in its history. At the round’s $5.1 billion valuation, that commitment could ultimately exceed several billion dollars if the company succeeds. It is a meaningful gesture in a sector where the reputational stakes around concentrated AI wealth are escalating, and one likely to be referenced in subsequent founder-led commitments. Implications for the European AI landscape Ineffable’s emergence reshapes the European AI map in three concrete ways. It establishes London as the home of the continent’s largest-ever seed-stage company, complicating Paris’s recent narrative of frontier-AI primacy after Mistral’s earlier rounds. It validates a thesis — that reinforcement learning, not transformer scaling, is the next frontier — that has lately been losing capital share to language-model incumbents. And it confirms that the UK government is now willing to act as a balance-sheet co-investor in domestic AI laboratories, a posture much closer to the French model than to the predominantly grant-based regimes elsewhere in Europe. The execution risk is non-trivial. Reinforcement learning at frontier scale has historically required years of careful environment design before producing competitive systems, and Ineffable’s “first contact” framing sets a high bar against which it will be judged. But for now, with a billion dollars on the balance sheet, four of the discipline’s most accomplished researchers in the founding team and a sovereign co-investor at its back, Ineffable Intelligence is the most heavily resourced new entrant in the European AI cycle. Sesamers covers European fundraising rounds across deeptech, fintech and AI. Source: tech.eu.

Fundraising 5 days ago

Belfast's Cloudsmith has raised $72M Series C led by TCV, with Insight Partners participating, to expand its artifact management platform and secure the AI-era software supply chain.

Fundraising 5 days ago

Berlin’s VREY has raised €3.3M seed led by Rubio Impact Ventures to roll out rooftop solar software for Germany’s multi-family buildings.

Subscribe to
our Newsletter!

Stay at the forefront with our curated guide to the best upcoming Tech events.