In this article, we propose a new solar concentrator based on spectral splitting of sunlight. Spectral splitting has the objective to collect different spectra onto spectrally adapted solar cells for a more efficient use of the Sun's spectrum. Its combination with solar concentration makes an alternative to classical technologies. The proposed concentrator is composed of a diffractive/refractive optical element that spectrally splits and focuses the light onto a waveguide. The light is then conducted by total internal reflection towards the two specific solar cells. The optical concept and optimization of each element is presented in this paper. An adaptation for dye sensitized solar cells is performed. A geometrical factor around 5x is reached. Finally, theoretical optical efficiency, the manufacturing process and experimental testing with a collimated Sun simulator are presented.