COTEC joins up CyG as a member so as to boost circular economy

  • CyG becomes full member of «Fundación COTEC» (COTEC Foundation), which is directed by Cristina Garmendia and a benchmark for the boost of innovation through public-private partnership in Spain.

  • The company will lead a working group to boost a circular economy model development which prioritises sustainability and seeks to reduce the environmental footprint of economic activity.

19 November 2020. CyG it Sustainable Tech becomes full member of Fundación COTEC, a benchmark organization in the boost of innovation from a public-private initiative in Spain.

The foundation, integrated by the main companies and institutions of the country and directed by Cristina Garmendia, has held its Annual Membership Meeting this week at ‘Palacio de El Prado’ in Madrid, and it has been attended by its Honorary President, HM The King Felipe VI. On this occasion, and due to the recommended prevention measures, most of the attendees took part in the meeting via video conference.

CyG It Sustainable Tech was represented in this meeting by its CEO, Alejandro Costa, who, in his speech, highlighted the company’s strong commitment to contribute and boost sustainability in the tech sector. “The sector will only move forward if it commits to a circular economy model which reduces its environmental footprint and makes it sustainable over time”, pointed out Costa. In CyG “we took the decision of taking the circular economy to the next level, pioneering the use of reused technology to extend devices useful life”, he emphasized.

Therefore, from now on the company will lead from COTEC a working group that analyses and boosts different initiatives and projects for the promotion of a circular economy model from the tech sector in Spain.

“Being part of the innovation lighthouse COTEC represents today is an honour for us, and we are delighted to be able to lead a qualitative leap in the circular economy implementation in Spain collaborating with different experts” claims Alejandro Costa.

By starting to be part of COTEC, one of the largest business and institutional forums of the country, CyG strengthens its compromise with sustainable tech and the sector reduction of environmental footprint.

About CyG it Sustainable Tech

CyG IT Solutions is the Southern Europe leading technological company in the integral digitalization of after-sales services for large-scale manufacturers and integrators worldwide such as Lenovo, Toshiba, Asus or Samsung among others. Owned through Telefónica, CyG is located in the municipality Bollullos de la Mitación (Seville), and it is present in more than 100 countries of four continents because it counts on more than 200 employees and on a wide network of local partners.

The company, set up 16 years ago, repairs an average of 500,000 devices per year thanks to optimization and process management through the use of big data tools, predictive analysis and reconditioned technology. This allows to offer the best service to the customer while committing to circular economy. Currently, and due to the continuous evolution of the company, CyG It Sustanible Tech has developed its own software specialised in talent management and internal communication (feedbalia), tracking and monitoring of ticketing (Aitana) or in the sectors digitisation such as tourism (Hote lExtension).


Cotec Foundation is a private, non-profit organization whose aim is to promote innovation as an economic and social development engine. It has around a hundred benefactors, including private companies and regional and local administrations. Cotec was set up in 1990. From the beginning, it made a name for itself for its hard work in the technological innovation sector among Spanish companies.

It stood out for mainly two activities: serving as an observatory of R&D in Spain and providing analysis and advice on innovation, technology and economics. In 2015, Cotec broaded its challenges in order to become a true agent of change and bring about structural transformations that contribute to the economy and Spanish society development. HM The King Felipe VI is its Honorary President. Cotec Italia (Cotec Italy) has existed since 2001, and Cotec Portugal (Cotec Portugal) since 2003.

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