Land of opportunities for digital contents startup companies
Bilbao Bizkaia Startup
Strengths and drivers of Bilbao Bizkaia for a digital contents startup
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
International events related to digital economy
7
Working and Living in Biscay
7
Public advisory, all you need is us
Strengths of Bilbao Bizkaia for a digital contents startup
1. Macroeconomic Situation
Population
Metropolitan Bilbao: 1,100,000
Foreign population
7%
GDP per capita
â‚Ź 28,461
122% EU average
Digital contents companies
1,479
Employment in digital contents
10,200
2. Strategical Position
Thanks to its location in the European Union, Bilbao Bizkaia is a strategic hub for the establishment of your Digital Contents 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 settled 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
300
279
265
240
231
4.000,00 2.900,00
2.994,89
2.911,00
10
Exports (% of sales)
20
20
09
20
33%
11 20 12 20 15
3.060,00
3.315,00
08
20
2.484,00
3.032,00
07
20
06
2.123,00
20
05
1.862,40
20
04
1.600,00
20
03
1.505,25
02
20
1.247,10
1.415,46
01
00
20
and expected to increase in 27% to 2015
20
â‚Ź 3,000 mill
217
170
165
164
162
160
153
Turnover up to
20
companies involved
20 00 20 01 20 02 20 03 20 04 20 05 20 06 20 07 20 08 20 09 20 10 20 11 20 12 20 15
300
151
Almost
267
GAIA: Basque Digital Contents Cluster, a partner for your startup.
Up to
R&D investment rate:
12,000
4.2%
highly qualified employees
(of sales)
Multimedia & Digital
IT & SW & HW Communication
Electronic Equipment's
Geographical Information
3. Market Strength Adigital: The Digital Economy Association of Spain is located in Bilbao. Almost
500 companies involved
The biggest conference regarding innovation in digital business and electronic commerce. Training:
A wide range of training possibilities, including subsidies and discounts.
Institutional relations: Dialogue with public institutions for the development of a beneficial legal frame for the associated companies and the digital economy.
Research:
Digital Contents research to approach to common strategies, products , useful services and benefit from new opportunities.
Legal Advice
specifically for digital startups.
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 Centres for cooperative research
as
qu
Research & innovaction bussiness units
eE
64
cos
19 Technological centres
yste m : Dig
C it al
ts
â‚Ź 170 mill.
More than per year allocated for Research, Development and Innovation in Bilbao Bizkaia
Technological Development Sub-System
14
B
First region in Spain according to GDP Invested in R&D&i 2,19% Above EU 2020 objectives
Laboratories & health r+d centres
o
e nt
n
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
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).
6. Infrastructures and connectivity Cutting edge TIC infrastructures that cover all Bilbao-Bizkaia.
88% of the population access NGAs and 3G /4G technologies.
â‚Ź 72 mill. public budget allocated for the digital agenda.
Secure and trustable network
Cloud Computing boosted from the public institutions
Broad Band access 95% of the population
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 Ant 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 digital contents 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 digital contents 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. Research Development 30-50% General tax 28%
New Non-Current Assets 10% (5% in asset improvement) Projects involving sustainable taxation 10-30%
Reduced to 24% for SMEs
Patent Box 30-60% (acquired or developed) Creation of employment 4,900€ per person Incentives related to funding (all companies)
Tax Deductions
Technological Innovation 15-20% (with Technological Centres) 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
3. Digital Incubators, space for entrepreneurs A wide space offer in Bilbao to incubate digital contents 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 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
Innovative projects
400k
80k
Seed Capital Bizkaia
loT 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 subjet 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 digital contents company can take advantage of tax benefits from employement.
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 interntionalization WHO: Investors Entrepreneurs Highly qualified professionals R&D&I development In company transfer
WHERE
(one-stop-shop): Residence authorisation: Strategic Collective UnitMinistery (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 digital economy
www.euskalencounter.org
International events in Bilbao
Uzt
aila
ren
24t
ik 2
7ra
EKO ETA NOMIA LEH REN DEP IAK GAR ECOARTAM ORTASU APE NĂ“ ENT N MIC O N SAI O Y DE LA CO DES MP ARR ETI TIV OLL IDA O D
-de
l 24
al 2
7d
e Ju
lio
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