VOLCANIC

In the heart of Tenerife, an innovative development hub called “VULCANICA” is taking shape, designed to act as a driver of change. Through an inclusive and collaborative approach, VULCANICA aims to build a sustainable economic future, enhancing local resources and promoting initiatives that respond to the needs of communities in the Canary Islands. VULCANICA, in its creation phase, will work closely with local institutions, companies, third sector organizations and citizens to identify the real needs and priorities of the territory. Its strategy is based on inclusive and participatory governance, involving all interested parties in the decision-making process, so that the proposals are truly in tune with the needs of the community.

VULCANICA aims to be a reference point for the planning and implementation of integrated projects aimed at lasting structural change, ready to reverse the current economic dynamics. The goal is to actively involve the community in the creation of economic opportunities, promoting sustainable innovation and a common vision for the future, through a careful valorization of the natural resources and potential of the island.

Thanks to an innovative organizational and management model, we are able to launch new business initiatives, ensuring their economic and financial sustainability. In addition, VULCANICA also raises funds to support these initiatives. This can be done through donations from companies or individuals, public or European funding, or through the creation of alliances between the public and private sectors. VULCANICA is committed to the effective and transparent use of these funds to achieve its objectives.

Operating as a virtual incubator, VULCANICA offers support to all economic actors on the island in navigating the digital transformation process, through the systematic and planned application of innovations in both products and processes. Technologies such as Artificial Intelligence, blockchain and the Internet of Things will no longer be the privilege of a few, but, thanks to mentorship programs, training workshops and an innovation network involving universities and local investors, all economic operators on the island will be able to regain competitiveness.

VULCANICA is also committed to stimulating the local economy through innovative forms of cooperation that can generate completely decentralized, self-regulated and bottom-up production and distribution chains, in order to support environmental sustainability and social well-being. These new structures can be defined as cooperatives of the future, which use specifications to reward consumers with environmental and social credits.

A crucial aspect of VULCANICA's work is the active involvement of citizens in the decision-making process. VULCANICA organizes public meetings, focus groups, consultations and other initiatives that allow residents to share their ideas and contribute to the definition of priorities. This participatory approach ensures that development projects effectively correspond to the needs and aspirations of the community, strengthening the sense of belonging and collective responsibility towards the territory.

VULCANICA is set to play a key role in promoting the well-being of local communities and sustainable growth. Through participatory governance, training and design of new business initiatives, fundraising, the creation of supply chains that support the local economy and the active involvement of citizens, VULCANICA is committed to creating a context that is conducive to economic growth, social improvement and environmental protection.

ENABLING OPERATOR

VULCANICA is a development and innovation hub of the ALFASSA constellation that operates mainly on the island of Tenerife.