Land of opportunities for videogame and audiovisual startup companies
Bilbao Bizkaia Startup
Strengths and drivers of Bilbao Bizkaia for videogame and audiovisual startups
Strengths
Drivers
1
Macroeconomic Situation
1
Entrepeneur driven public institutions
2
Strategical Position
2
Friendly towards investment
3
Market Strength
3
Digital Incubators, space for entrepreneurs
4
R&D&i
4
Investment, introducing your best partners
5
Human Capital
5
Access to the most talented human capital
6
Infrastructures and Connectivity
6
7
Working and Living in BilbaoBizkaia
International events related to videogames and audiovisual economy
7
Public advisory, all you need is us
Strengths of Bilbao-Bizkaia for videogame and audiovisual startups
1. Macroeconomic Situation
Population
Metropolitan Bilbao: 1,000,000 Bizkaia: 1,200,000
Foreign population
7%
GDP per capita
â‚Ź 28.461
Videogame and audiovisual companies
130 Basque companies
Employment in videogame and audiovisual
2,000
122% EU average
2. Strategical Position
Thanks to its location in the European Union, Bilbao Bizkaia is a strategic hub for the establishment of your videogame and audiovisual startup.
Direct flights to European cities Paris London Brussels Berlin Frankfurt Munich Dusseldorf Sttutgart Milan Rome Oslo Lisbon Amsterdam Barcelona Madrid Istanbul Geneva Manchester
3. Market Strength
Spain´s 3rd strongest region for foreign direct investment, behind Madrid and Catalonia
700 Almost 700 foreign companies stablished in the Basque Country
1000 M
13
20
12 20
11 20
10 20
09 20
08
People Employed in FDI companies = 11% of working population
500 M
20
61.000
999 M Basque Gross Investment Flow
3. Market Strength
EIKEN: Audiovisual Cluster, the support you need for your startup
Basquegame: Basque videogames association, a partner for your startup.
INTERACTIVE
Training:
Institutional relations:
Internalitation:
Funding:
A wide range of training possibilities and promotion of the companies.
Dialogue with public : institutions for the development of a favourable legal framework for associated companies.
Activities and events to boost the internationalization and explore new markets.
Apporach to the sources of capital (Public and private).
3. Market Strength
EiTB: The Basque radio and televisiĂłn broadcaster
â‚Ź 131.3
529,000
millons budget
700,000
broadcast hours
listeners & almost citizens watch eitb daily
78,840 960 jobs
Since
1982
Internet channel (Basque, Spanish, English and French)
Spanish
International
Local
Spanish
Basque
Music
International
3. Market Strength
• Municipal office for audiovisual promotion • Assistance finding buildings, equipment, events and much more… • Help in obtaining licenses to film in public places
The right place
• • • • • •
The idyllic beauty of ancient Biscay Green landscape Mountainous Unspoilt beaches Authentic culture Accessible
Fiscal autonomy
• • • • •
Coming soon for international producers Cash rebates No co-pro obligations TV, cinema and commercials Designed to meet your needs
The right ingredients
• • • • • •
A striking blend of the old and the new Competitive Thriving Connected Professional Passionate
Bilbao Bizkaia, the new film capital of Europe?
3. Market Strength Strong videogame and audiovisual consumer market in Bilbao- Bizkaia
â‚Ź 179
Investment in photographic and audiovisual equipment
invested per household
25,100
products purchases
4.8% Household videogame and audiovisual equipment percentage:
22.3%
97.1%
Softwares or videogame products purchased in the Basque Country by Internet Users
Percentage of Basque population having bought software and videogames online
55.6%
99.7%
4. R&D&i Advanced science, technology and innovation system.
Technology Park of Bizkaia Workforce
7,647
R&D employees
27%
Global income
â‚Ź 2.455 mill.
Re s
219
Supporting infraestructures
Universities
on
Stablished companies
evelopment & In D & no h va c r a ti 4 3 e 9 28
Intermediate bodies
Innovation Support Sub System
University and Scientifici Sub-System
Basic & excelence research centres
7 Technological Development Sub-System
Centres for cooperative research
ue
Ec
os
yst
64
em:
Technological centres
V id e o ga m
A & e
su
19
vi
Research & innovaction bussiness units
a ls
14
sq
â‚Ź 170 mill.
More than per year allocated for Research, Development and Innovation in Bilbao Bizkaia
Ba
First region in Spain according to GDP Invested in R&D&i 2,19% Above EU 2020 objectives
Laboratories & health r+d centres
i d u
o
5. Human Capital
The Basque University Education is referent within the European Higher Education Area.
Deusto
MONDRAGON UNIBERTSITATEA
3rd European Region with the highest number of university graduates
67,551 University Students 32% Technical Studies 7,784 videogame and audiovisual sector related university studies
Young people with university degree
Bizkaia 43% Europe 24%
5. Human Capital
Training
Students
1
DigiPen graduates are top developers throught the games industry
Specialised Degree Programs • Bachelor of Fine Arts in Digital Art Animation • Bachelor of Science in Computer Science in RealTime Interactive Simulation
Applied Learning
7
6
Specialised Certificates • Advanced Certificate in Game Programming • Advanced Certificate in Digital Art and Animation
Students from all over the world
2
1st school in the world to
3
Students have won 27 awards at the annual Independent Games Festival (IGF)
offer a bachelor’s degree in game development
5
4
Student’s games have competed in the Professional category at the IGF
5. Human Capital
Deusto Degree
MONDRAGON UNIBERTSITATEA
• Audio-visual Communication
• Computer engineering
• Computer Engineering
• Technology and Telecommunications engineering
• Telecommunications engineering
• Telecommunications Systems Engineering
• Bachelor of Science in Computer Science in Real-Time Interactive Simulation
• Audiovisual Communication
• Bachelor of Fine Arts in Digital Art and Animation
• Digital marketing
Art Courses Animation Courses Film Courses Internship Courses Music Courses Projects Courses Computer Science Courses Computer Graphics Courses Game Projects Courses Communications Courses
• Management informatics and Informational System engineering • Computer engineering
Master
• High performance computing
• Telecommunication engineering
• Telecommunication engineering
• Informatics engineering
• Computational engineering and intelligent systems
• Format Telecommunication engineering
• Advanced computer systems • Multimedia communication • Contemporary technological and performance art
6. Infrastructures and connectivity
Metro & city tram
Network of railway lines
Road connections
Bilbao international airport
Metro and tram:
High Speed Train,
Road Connections:
Airport:
1.000 million users per year. Three minutes frequency. Complete coverage of metropolitan area.
will start operating in 2018: Madrid in 2 hours, Paris 5 hours.
Excellent transport links, which connects all municipalities in less than 40 minutes by road or public transport.
more than 4 million passengers per year. 10 minutes from Bilbao city centre (12 Km).
7. Working and Living in Bilbao-Bizkaia
1st
LivCom Prize in the category of Enhancement of the Natural and Built Landscapes
• High quality health care • Longest life expectancy in the EU. • Free and universal health system, reference as a quality service.
78,2 85,1 1st
1
st
Lee Kuan Yew World City Prize 2010 (Nobel Prize of Cities)
Best Urban Practices Award (Expo 2010)
1st
• Human Development Index Bizkaia • Above UE average rate, 0,738.
Città d´Acqua, Biennale di Venezia Architecture
7. Working and Living in Bilbao-Bizkaia
Culture 1 M annual visitors at Guggenheim Museum
Nature Beach 10 minutes away from city centre
Cultural Assets declared World Heritage by UNESCO
Bilbao is a reference in the European Art Network, and it complements the Bilbao-Bordeaux-Madrid Art Axis.
Gastronomy 28 Michelin Stars in 2014
Bilbao is the 3rd most sustainable City in Spain 53% of its surface covered with trees. Natural Assets declared as Biosphere Reserve by UNESCOÂ
Drivers for a videogame and audiovisual startup in Bilbao-Bizkaia
1. Entrepreneur driven public institutions
1st
City with the best e-Administration in Spain according to the Internet Users Association (2010)
Openness
1st
Most transparent city in Spain in 2008, 2009, 2011 and 2012 according to Transparency International
Transparency
1st
Rigorous economic policies and strategic budget to ensure a stable economic network (zero debt, paid in 30 days)
4
th
Security
Southern European city in the overall and FDI strategy categories in the FDI European Cities and regional of the future ranking (2014)
Investment
Winner of the EPSA-European Public Service Award (2011)
1. Entrepreneur driven public institutions
Three public companies committed to videogame and audiovisual startups in Bilbao-Bizkaia.
Advice in obtaining licenses and permits Obtaining visa Connectivity Trademark Patenting
A consultant beside you 24/7 Funding & subsidies Constitution (PAE) Location Advisory Hiring
Centralised Point to help entrepreneurs Expedited incorporation: 2-3 days. Cheap incorporation: 100 â‚Ź Accompanying notary signature Administrative documentation Advice on legal forms
2. Friendly towards investment
Bizkaia legislates on direct taxes and establishes tax incentives and deductions for its businesses. Investors in startups 60% deduction in investment related taxable income General tax 28%
Creation of employment 4,900€ per person Economic Interest Grouping (EIG) 30% deduction
Reduced to 24% for SMEs
Incentives related to funding (all companies) Technological Innovation 15-20% (with Technological centres)
Tax Deductions
Tax Incentives for companies investing in startups: • Reduction in the tax base (60% of the invested amount) • Purchase of shares: maximum 100.000€ per investment Research Development 30-50% New Non-Current Assets 10% (5% in asset improvement) Environmentaly sustainable projection: reduction in taxation (10-30%)
3. Digital Incubators, space for entrepreneurs
A wide space offer in Bilbao to incubate videogames & audiovisual startups. Preincubation
Design Kabi.
200m (€1/day) 20MB 2
Biscaytik.
1,200m2 20MB
Acceleration
KBI Digital.
1.100m (€85/month/person) 20MB 2
Located in Bilbao City Centre Mentoring and training plan Acceleration services Private investor network Courses on digital business issues Access to leading companies
Growth
Kabi 612.
5,600m2 (4.5€/m2/month) 20MB
Elkartegiak.
(3-9€/m2/month) 20MB
4. Investment, introducing your best partners
Public institution’s strong commitment to creative industry
Bizkaia Creativa Specific program to boost creative industry startups
4,000,000 € invested to support startups in creative industries 31% audiovisual startups 17% videogame startups
11.2€
estimated turnover after support
110
estimated jobs generated after support
4. Investment, introducing your best partners
Specific public funding for every stage of the company life cycle. VCs Acquisitions/Mergers & Strategic Alliances
REVENUE
Early Stage Angels, FFF
250k
project concept
100k
120k
Internationalisation
50k
Equipement purchase
400k
80k
Seed Capital Bizkaia
BC projects
80k Basque Fondo II Innovative projects
Basque Fondo
95k
Incorporation
110k
500k
Ekintzaile XXI
Gauzatu
250k NETs Pre-Seed Capital
1500k
Seed Capital
600k
Elkano XXI
Later Stage
180k
Corporate constitution
25k
Micro credits
Grant Valley of Death
TIME * Maximum amounts for each funding tool. Some of them would be subject to the European minimis rule.
Loan Capital
4. Investment, introducing your best partners
Private funding agents in Bilbao Bizkaia are extremely proactive in searching startups to invest in. Private investment funds operating in Bilbao Bizkaia:
VCs Acquisitions/Mergers & Strategic Alliances Early Stage Angels, FFF
REVENUE
Seed Capital
>150k
CDTI Innovation
200k
Business Angels Network
Seed Funds
Later Stage
50k
Financial Entities
300k 150k
1,500k
Mutual Guarantee Societies
250k
Specialised funds
START DMC Argi Industrial Partners / UPLIFT S.L. MicroWave Ventures Emprendiza Samsung Venture Investment Kereon partners Abra Invest S.L. Crecer + Bulka Business Angels Inception Onza Vitamina k Entrecanales Sitka Capital Faraday Ventures Partners OnetoOne Corporate Finance DUMA Asociados Talde Ekarpen Caixa Capital Risk
ENISA
Entrepeneurs
25k
Social Entities
Endorsament Valley of Death
TIME * Maximum amounts for each funding tool. Some of them would be subject to the European minimis rule.
Loan Capital
4. Investment, introducing your best partners Financial institutions in Bilbao-Bizkaia offer much more than just funds.
Finance
Advice
Training
Prizes
Micro credits and other BBVA Innovation instruments Centre
Yo soy empleo
BBVA Open Talent
Micro credits and other Startup advice instruments
BBK Fundazioa
BBK Ideas competition
Diverse financial products
Entrepreneur advice
Gaztelanbidean
New business ideas competition
Caixa Capital Risk MicroBanck
Advice for different entrepreneur profiles
Entrepreneurship programmes
XXI Entrepreneur awards
Financial instruments
Specialized advice
Trainning Courses
Bstart up
5. Access to the most talented human capital Benefits of hiring talent A videogame and audiovisual company can take advantage of tax benefits from employment
Public Institutions promote Training on the job
1M€ aids/year. 120 professionals/year.
30% of the gross salary (Up to € 9,000 per person). Up to 90,000€ subsidy per company when employing staff.
Enterprises paying Social Security generate a credit in order to invest in training for employees. Public Institutions also offer subsidised training programmes for Basque employees, including specific programmes in R&D&i.
Through our subsidiary Bizkaia Talent, we attract foreign qualified personnel.
* In addition to all this bonus in Social Security Tax for researchers: 40% of the company¨s contribution for common contingenices
5. Access to the most talented human capital
UE
No work permit needed
Non UE
Work permit + Visa
Foreign Employees
Foreign Entrepreneurs
Job Offer
Company Registration
Residence and Work Permit
Residence and Work Permit
Visa
Visa 14/2013 Law for Entrepreneurs support and their internationalization WHO: Investors Entrepreneurs Highly qualified professionals R&D&I development In company transfer
WHERE
one-stop-shop): Residence authorisation: Strategic Collective Unit-Ministry (resolution in 20 days) Visa: Spanish consulate country of origin(resolution in 10 days)
HOW: Passport or identity document (applicants must be over 18) Medical insurance accreditation document Criminal record certificate Economic means accreditation
6. International events related to videogame and audiovisual economy An event to reward the best video games, both fun and serious. The most important European event based on videogames.
Press Clipping News
946
References
951
Audience
151,218,400
Valuation
€ 2.455.276
AWARDS: Known as the “Oscars in videogames” in the sector, rewarding the work of producers, directors, artists and developers.
CONGRESS: Directed towards professionals, speakers will be leading people on reference companies in the sector.
FUN ZONE: The playful side of the Festival (over 10.000 assistants)
6. International events related to videogame and audiovisual economy
www.euskalencounter.org
International events in Bilbao-Bizkaia
Uzt
aila
ren
24t
ik 2
7ra
-de
l 24
al 2
7d
Videogames EKO ETA NOM LEH IAR DEP IAKOEN GAR RTA APE ECOART SUN N NĂ“MAME NTO SAIL ICO DE Y COM DES A PET ARR ITIV OLL IDA O D
e Ju
lio
Audiovisuals
Facilities to host international events
7. Public Advisory, all you need is us
Beaz S.A.U. is the company
Bilbao Ekintza is a
SPRI S.A. is the Business
of the Department of
Local Business Public
Development agency of the
Economic Promotion of
Entity (EPEL) created to
Autonomous Region of the
Biscay´s Provincial Council,
generate economic and
Basque Country, to promote
responsible for the
social wealth in the city,
the country as an attractive
development of innovative
enhancing its capabilities
place to invest in, and the
business projects and the
as a destination for
promotion of business
fostering of high growth
investment, business
dealings between foreign
startups, both local and
creation and growth,
and Basque companies.
foreign.
attracting visitors and talent.
For further information contact: foreignstartups@beaz.net
European Union European Regional Development Fund