As a result of the MBA, Garmendia linked her Biology experience within the management activity. In 1992, as vice president and CFO, she was in charge on various responsibilities related to business development of Grupo Amasua, dedicated to the fishing industry. She held that position until 2001. In 2000 she founded Genetrix together with Carlos Martínez and Antonio Bernad, Professors of the CSIC. Today Genetrix is involved in the development of biomedical technology and drugs. Genetrix was the first private firm that resulted from an investigation of the National Center of Biotechnology. Researchers of the department of immunology and oncology (DIO) of this center joined their research experience for this private initiative as a way to further develop their results of their investigations. The work of Garmendia was pioneer in that field as it helped lay the foundations in the Spanish biotechnology industry, transferring research outputs to the private sector. Garmendia has held positions of CEO, managing director of Genetrix, and in parallel, also promoted other business projects like Cellerix, Biotherapix, Sensia, Imbiosis, Biobide, BioAlma and Coretherapix. After many corporate operations and mergers, the Genetrix Corporation has many stock holdings in Xpol, Biobide, Corotherapix, Axontherapix, Fenix Biotech and Tigenix. Since 2012 X-Pol quotes in Germany after the agreement with the German quoted SYGNIS. In 1997 she restarted Inbiomed, a research foundation that holds the first adult
stem cells bank in Spain, and the
venture capital YSIOS Capital Partners in 2008, where they successfully raised a €69 million fund, specialized in Biotech and Health. In March 2005, Dr. Garmendia was elected president of the Spanish Bioindustry Association (Asebio), association of enterprises of the bio sector; subsequently, in 2006, she was invited to join the board of the Spanish Confederation of Employers' Organizations (CEOE), a position that she held until 2008 when she is appointed Minister of Science and Innovation of Spain. Because of her entrepreneurial spirit in the field of Biotech and biomedicine, she was awarded with the 2006 "Fermín de la Sierra" prize of the Escuela de Organización Industrial, EOI. And in 2008 she was awarded the "Tambor de Oro", maximum distinction from her native city, which is given to those who promote the image of San Sebastian. This price came to recognize the work of Mrs. Garmendia creating a pool of Biotech firm in the Technological Park of San Sebastian and her work in the field of innovation. ==Political career, 2008–2011==