R&D mentored funding prior to start up lending

R&D mentored funding prior to start up lending, such as Mondragon’s Caja Laboral. The Mondragon group is now the third largest industrial group in Spain – it has built up a network of 140 worker co-operatives and employs over 100,000 people. The network’s bank, the Caja Laboral, provides credit to the co-ops that it helps to set up but it also provides extensive forms of technical support while the co-ops are developing.