Land of opportunities for industrial startup companies
Bilbao Bizkaia Startup
Strengths and drivers of Bilbao Bizkaia for industrial startups
Strengths
Drivers
1
Macroeconomic Situation
1
Entrepeneur driven public institutions
2
Strategical Position
2
Friendly towards investment
3
Market Strength
3
4
Productivity
4
Land and infrastructures, available Industrial Incubators, space for entrepreneurs
5
R&D&i
5
Investment, introducing your best partners
6
Human Capital
6
Access to the most talented human capital
7
Infrastructures and Connectivity
7
International events related to industrial sector economy
8
Working and Living in Biscay
8
Public advisory, all you need is us
Strengths of Bilbao Bizkaia for industrial startups
1. Macroeconomic Situation
Industry represents
25% of GDP In Europe industry represents
19.1% of GDP
Agriculture, forestry and fishing
1%
Construction
6%
35.722.000 €
Extractive industries
673.587.000 €
Wood, paper and graphic arts
791.722.000 €
Electrical and optical equipment
854.015.000 €
Food manufacturing, drinks and tobacco industries
Industry and Energy Services
69%
24%
1.293.236.000 €
Plastics, rubber and other nonmetallic
1.418.012.000 €
Other manufacturing
1.490.750.000 €
Transport equipment
1.534.143.000 €
Machinery and equipment
1.710.004.000 €
Electrical energy, gas and steam
3.921.386.000 €
Basic metals and produced metal products 0
500000000
1000000000
1500000000
2000000000
2500000000
3000000000
3500000000
4000000000
1. Macroeconomic Situation
Population
Metropolitan Bilbao: 1,000,000 Bizkaia: 1,200,000
Foreign population
7%
GDP per capita
29.460 â‚Ź
Industry entrerprises
12.571
Employment in industrial sector
174.461
121% EU average
(8% of total)
(23% of total employement)
Average employees per industry enterprise
13.88
Producer price index (PPI)
113.7
Measures the average change in selling prices received by domestic producers of goods and services over time
New jobs in other economic sectors, per job generated in industry
(21% over CAPV average) 105% EU average
2-5
2. Strategical Position
Bilbao - Bizkaia stands on the crossroads of the main north-south European transport route and the emergent east-west route The region is gearing up to take advantage of this excellent location to become a true “hinge point� in Europe.
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
3
20 1
2 20 1
1 20 1
0 20 1
9 20 0
8
People Employed in FDI companies = 11% of working population
500 M
20 0
61.000
999 M Basque Gross Investment Flow
3. Market Strength
Specific clusters in each sector exert itself to stay a dynamic and open association that reflects the goals of its members 15,121
75,000
employees
employees
Automotive Industry and Component Cluster
€13,071 M turnover
Automotive Industry and Component Cluster
€10,941 M turnover
7,300
employees
€780 M Engineering & Consultancy Firms Cluster
turnover
13,950
Aeronautics, aerospace Port of Bilbao, mobility, and logistics Clusters
employees
€2,420 M turnover
4. Productivity
The Basque Country, a highly productive country
180 160 140 120
High
Labour productivity
(GDP per person employed)
3rd
28%
Higher labour productivity than the EU average
Ranked among countries in the EU (about labour productivity)
100 80 60 40 20 0
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5. R&D&i
Technology Park of Bizkaia Workforce
7,647
R&D employees
27%
Global income
â‚Ź 2,455 mill.
Distance from Bilbao Centre
10 minutes
Re s
219
Supporting infraestructures
Universities
on
Settled companies
evelopment & In D & no h va c r a ti 4 3 e 9
Basic & excelence research centres
28 Intermediate bodies
Innovation Support Sub System
University and Scientifici Sub-System
7 Centres for cooperative research
as
qu
Research & innovaction bussiness units
eE
64
cos
19 Technological centres
yste m : In d us
l tri a
or
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
S
t c e
5. R&D&i
Specialised Technology and Research Centres: key factor in industrial competitiveness 335
Patents / year
123M€ turnover
1,831
Staff Members
1,280 researches
Research areas: • Sustainable Building • Energy and enviroment • Innovation • Information and Communications Technologies • Manufacture and Transportation • Technological Services
Manufacture specialised offer:
Research and development to create or improve products and services
Research areas: • Aeroespace • Automotive • Capital goods • Electric domestic appliances • Manufacturing • Maritime / Shipbuilding
105M€ turnover
Process Optimization
1,310
Staff Members
Patent development
145
Patents / year
6. 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
Young people with university degree
Bizkaia 43% Europe 24%
6. Human Capital
Deusto
MONDRAGON UNIBERTSITATEA
Distribution of grade and master volume per industry area:
7%
5%
10% 16%
Manufacture and industrial engineering
Electronic and automation
• Chemical engineering • Industrial engineering • Technologies and innovation • Systems engineering
• Electronics • Electricity • Automation
Industrial design
62%
Sciences Geology Chemistry Physics Mathematics
• Industrial design • Design and architecture
Others • Mines and Materials • Maritime Sciences • Energy and Sustainability • Transport
6. Human Capital
Wide and accredited centres of excellence in terms of Professional Training
50
Startups/year created in the Ocupational Trainning Ecosystem
Main specialty areas • Automotive, Machine Tools • Environment, renewable energy • Building and civil engineering • Electricity-Electronic • Energy and water • Mechanical manufacturing • Wood, furniture and cork • Maritime and fishing • Chemistry • Transport and vehicle maintenance • Glass and Ceramics
23,000 Students in Occupational Trainig
50
More than Highly Specialised Centres both public and private
17
European projects in 2014
7. Infrastructures and connectivity
Bilbao international airport
Airport:
Road Connections:
more than 4 million passengers per year. 10 minutes from Bilbao city centre (12 Km).
Excellent transport links, which connects all municipalities in less than 40 minutes by road or public transport.
Road connections
Metro and tram: High Speed Train,
1,000 million users per year. Three minutes frequency. Complete coverage of metropolitan area. Metro & city tram
will start operating in 2018: Madrid in 2 hours, Paris 5 hours. Network of railway lines
Aparcabisa Total area: 312,560 m2 537 employees Freight traffic: 228,500 Tn.
Ports: There are 15 ports in the Basque Contry. 447 employees Freight traffic: 32,862,700 Tn.
7. 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
8. 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
8. 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 an industrial 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
1
st
Most transparent city in Spain in 2008, 2009, 2011 and 2012 according to Transparency International
Transparency
1st
Rigorous economy politics and strategic budget to ensure an stable economical 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 industrial startups in Bilbao Bizkaia.
Advisory to obtain licenses and permits Obtaining visa Connectivity Trademark Patenting
A consultant beside you 24/7 Funding & subsidies Constitution (PAE) Location Advisory Hiring
Centralized Point to help entrepreneurs Expedited incorporation: 2-3 days. Cheap constitution: 100 â‚Ź Accompanying notary signature Administrative documentation Advisory for legal forms
2. Friendly towards investment
Bizkaia legislates on direct taxes and establishes tax incentives and deductions for its companies. 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. Land and infraestructures, available
Public support to help you find land and infrastructures
Management of diverse infraestructures and land Land
Industrial infraestructures
Bussiness spaces
Industrial land
Industrial parks Industry areas Pavillions
Offices Rooms Auditoriums
Management of Industrialdeak (participated industrial areas).
700,000 m of industrial land 2
363,086 m of industrial land 2
Ekartegiak Business Centre offers offices and industrial premises
4. Industrial Incubators, space for entrepreneurs
AIC-Automotive Intelligence Center:Â a specialised global competence centre Corporative Intelligence
Future scenaries analysis in automotive industry
Research
Research on prioritary issues for the sector and the companies
Over
400
professionals
Industrial Development
Development of new industrial initiatives
New Businesses
Incubation and development of new businesses related to the automotive industry
Training
Automotive industry professionals training on different cualifications
Value generation for the automotive sector in terms of competitiveness, market, knowledge and technology.
Development of new competitivity areas to face the challenges of the forthcoming years
4. Industrial Incubators, space for entrepreneurs
An advanced business incubator specialised in value added sectors
Specialitation High Value added sectors and technologies: Bio-micro-nano technologies, Clean technologies and Advanced manufacturing
6,000 m2
Installations Fully equiped with workrooms and laboratories for the development of the industrial and research activities.
Services Focused on the growth and the continuity of the companies: Acceleration, access to experts, training, investment rounds.
(4,5â‚Ź m2 month)
20MB
5. Investment, introducing your best partners Specific public funding for every stage of the company life cycle. VCs Acquisitions/Mergers & Strategic Alliances Early Stage
250k
5,000-4,0000k Ekarpen
Later Stage
REVENUE
Gaitek
1500k
Angels, FFF
500k
2,000k
Ekintzaile XXI
Ezten
400k
250k
Seed Capital Bizkaia
Pre-Seed Capital
95k
Incorporation
110k
project concept
180k
50k
70k
Innovative Equipment projects Purchase
250k
Elkartzen
Basque Fondo II
120k
Internationalisation
500k Lanpar
500k
Elkano XXI
25k
Micro credits
Corporate constitution
Valley of Death
Etorgai
Bideratu
Gauzatu
Seed Capital
1,000k
1,000k
100k
Basque Fondo
Grant TIME
Loan Capital
* Maximum amounts for each founding tool. Some of them would be subject to the European minimis rule.
5. Investment, introducing your best partners Private funding agents in Bilbao Bizkaia are extremely proactive searching startups to invest in. Private investment founds 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 Perseo (Iberdrola) Repsol Energy Ventures Gamesa Venture Capital Abra Invest S.L. Crecer + Entrecanales OnetoOne Corporate Finance Samsung Venture investment Talde Ekarpen Caixa Capital Risk Argi Industrial Partners / UPLIFT S.L. Emprendiza
ENISA
Entrepeneurs
25k
Social Entities
Endorsament Valley of Death
TIME * Maximum amounts for each founding tool. Some of them would be subject to the European minimis rule
Loan Capital
5. 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 Center
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
6. 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
Subsidies for training and development of human capital 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. Up to € 20,000 on Human capital training and specialitation Up to € 30,000 /person for hiring senior R&D&I employees Up to € 20,000 /person for hiring junior R&D&I employees 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
6. 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
7. International events related to industrial sector
International events in Bilbao
Facilities to host international events
7. International events related to industrial sector
Bilbao Exhibition Centre, a versatile, innovative and multifunctional space
170.000m2 site for all kind of events and users
1M
visitors/year
Exhibitions halls
Bizkaia Arena
160
events/year
6 columnless exhibition halls that offer 150.000 m2 of exhibition space A versatile hall that seats 26.000 people
Congress Centre
30 break out rooms for smaller working sessions, meetings
Common areas
Restaurants, cafeteria, parkings and an atrium
8. Public Advisory, all you need is us
SPRI S.A. is the Business
Beaz S.A.U. is the
Bilbao Ekintza is a Local
Development agency of the
leading company of the
Business Public Entity
Autonomous Region of the
Department of Economic
(EPEL) to generate
Basque Country, to promote
Promotion of Biscay´s
economic and social
the country as an attractive
Country Council, to the
wealth in the city,
place to invest in, and the
development of innovative
enhancing its capabilities
promotion of business
business projects and the
as a destination for
dealings between foreign
fostering of high growth
investment, business
and Basque companies.
startups, both local and
creation and growth,
foreign.
attracting visitors and talent.
For further information contact: foreignstartups@beaz.net
European Union European Regional Development Fund