The Deusto Foundation fosters research at the university of Deusto by developing its own brands that contribute value added to society. The first brands developed by the Deusto Foundation are four University Development Units: Deustotech Basque Institute for Competitiveness Deusto Social Innovation Deusto Entrepreneurship Centre The Deusto Foundation was formed on 27 April 2004 in an absorption merger by the Unviersity of Deusto Board of Governors . Its activities have been declared priority actions by Regional Law 58/2004. http://www.research.deusto.es/cs/Satellite/deustoresearch/es/investigar-en-deusto/fundacion-deusto