2015
Ready for Business
BILBAO
th 4
Southern European City in the overall and FDI strategy categories in the FDi European Cities and Regions of the Future Ranking (2014)
th 9
Mid-sized European City in the overall category of the FDi European Cities and Regions of the Future Ranking (2014)
www.fdiintelligence.com 2
BILBAO Fact sheet
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Metropolitan Bilbao: 1.000.000 Population
2014 Municipality of Bilbao: 347.278
Foreign population
7,7%
2014
GDP per capita
37.000
2012
Employment generated by the city
165.315
March 2015
Business licenses for economic activities
38.075
IV Trimester 2014
Creative companies
2.798
IV Trimester 2014
Visitors
742.445
2014
Cultural events supported by the city
1.699
2014
Conventions, congresses and meetings
1.064
2014
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WHY Invest in Bilbao
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10 reasons to invest in Bilbao Strategic location in the “Atlantic axis� Excellent internal and external connectivity Centre of the economic activity of one of the most competitive European regions: Basque Country Attractive business environment
High quality of life Legal safety, own tax system and good public governance Talent Specialized in innovative and high-added value sectors of activity City-brand that gives value A city that looks to the future 6
1.
Strategic location in the “Atlantic axis” Bilbao´s centrality in the so called “Atlantic axis” of the European Union and its European orientation make of Bilbao a reference focus for the establishment of solid relations with Europe.
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Bilbao stands on the crossroads of the main north-south European transport route and the emergent east-west route. The city is gearing up to take advantage of this excellent location to become a true “hinge point� in Europe.
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2.
Excellent internal and external connectivity Bilbao is a global and interconnected city that grants excellent external accessibility grace to one of the most important airports from the north of Spain and a modern Port. The diverse public transport means have been perfectly structured in order that they can complement each other, offering an efficient alternative to the individual use of cars.
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Bilbao Airport Direct flight connections to the main European destinations:
Bilbao International Airport has become the main airport in the north of Spain, with growing international expansion and increasing range of destinations. It is the main node of external connectivity in the Basque Country. With 4.015.352 passengers in 2014, its users include tourists, businessmen, travellers, conference delegates and urban planners, amongst others. It is located only 10 minutes distance by car from the city centre (12 Km). www.aeropuertodebilbao.net
A Coru単a Alicante Amsterdam Athens Barcelona Berlin Tegel Bristol Brussels Bucharest Dublin D端sseldorf Istanbul Frankfurt Fuerteventura Geneva
Gran Canarias Ibiza Lanzarote Lisbon London Gatwick London Heathrow London Stansted Madeira - Funchal Madrid Malaga Manchester Menorca Milan Malpensa Munich Oslo
Palma de Mallorca Paris Charles de Gaulle Paris Orly Prague Roma Fiumicino Santiago de Compostela Santorini Seville Stuttgart Tenerife North Valencia Venice Vigo Zurich
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Amplio radio de distribución
Bilbao Port The Port of Bilbao is one of the most important logistics centres on the Atlantic route for European market access. In addition to its privileged geographical location, it offers a series of unquestionable advantages: • A great tradition and quality services: a port with more than 700 years of history. • • • • • • • •
Modern and functional installations for all types of goods. Docks with draughts of up to 32 meters. Magnificent land connections. Railway connections to its dry dock network: Azuqueca (Guadalajara), Coslada (Madrid) and Villafría (Burgos). A huge offer of maritime Commercial services for all markets. An agile port also in document processing:'epuertobilbao‘ electronic commerce platform. A future full of possibilities thanks to the enlargement the works carried out and ongoing. Great investment capacity.
An offer of regular services connects it with 800 ports worldwide.
Works with all classes of goods and vessels. It is open and operative 24 hours a day, every day of the year. It has no problems of drafts or tides.
www.bilbaoport.es 11
Road connections France: Bilbao is 8 hours from Paris by car, with connections to other important cities along the route: the nearby Donostia-San SebastiĂĄn (100 km.), Bayonne (150 km.), Biarritz (150 km.), Pau, Toulouse, Bordeaux, Limoges, Tours... Madrid and central Spain: Madrid is a 4 hour drive away, passing by the nearby Vitoria-Gasteiz (60 km.) and Burgos (150 km.). The capital of Spain connects Bilbao with the Castilian Plateau, a region where the cities of Valladolid, Segovia, Salamanca and Toledo are located.
A7 and A8 highways connect Bilbao with the French road network and with the centre of Europe.
Barcelona and the Mediterranean: It takes a 6-hour journey to travel to Barcelona, along a route that passes by LogroĂąo (130 km.) and Zaragoza or alternatively Pamplona (150 km.). The capital of Catalonia opens up Bilbao to the Mediterranean axis, both in Spain (Valencia, Mallorca and Ibiza, Costa Brava, Costa del Sol...) and in France (Montpellier, French Riviera...) 12
Train A network of railway lines converges in Bilbao. This, together with its excellent motorways and dual carriageways, makes land transport a good option.
Train brings close to the city more than 30,6 million travellers per year
The High Speed Train, which is expected to arrive to Bilbao in 2019, will connect the city to Madrid in 2 hours and to Paris in less than 6, will help to improve connectivity in the future.
www.renfe.com www.euskotren.es www.renfe.com/viajeros/feve 13
Metro Bilbao The great bid to improve metropolitan connectivity. The linear configuration of metropolitan Bilbao allows the underground train to be a very efficient infrastructure, which has already revolutionized Bilbao's transport system. Since its inauguration in November 1995, Metro Bilbao, designed by Norman Foster, has been used by almost 1.000 million people. It has, in fact, become the most important means of transport in the metropolitan area of Bilbao, the focal point around which all other forms of transport are being organized to offer an intermodal, coordinated and complementary service. In 2014 Metro Bilbao has registered more than 87 million users.
It has 2 operative lines. A new line is under construction and there are two more lines in project phase. Meets all the requirements.
accessibility
Services with frequencies of less than six minutes at peak times.
www.metrobilbao.eus 14
Bilbao Tram Since it first became operational in 2002, the tram has become a key player in the functional integration of new projects being developed on and around the riverfront. Bilbao's tramway is a new surface transportation system which connects Old Bilbao and the historical centre with the whole of the Ensanche. It also connects the Abando train station with the bus station, and offers interesting options for tourist visits.
Goes over the City centre. More than 3 million users per year.
It provides transport to a variety of urban facilities, shopping areas, Arts Centres and sports facilities, higher education centres and Basurto Hospital.
www.euskotren.es/es/tranviabilbao 15
Urban bus Bilbobus, the urban bus network in the city, passes through all neighbourhoods and most of the units are adapted for people with reduced mobility.
It consists of 36 lines that cover the whole city.
Bicycle Bilbao has a network of cycling routes than facilitate to move around in the city. It also has an automatic loan service of bicycles with the main objective of developing sustainable, practical, and rapid transport system for the daily use.
Bizkaibus services connect virtually all the municipalities in the province of Bizkaia.
www.bilbao.net/bilbobus www.agenda21bilbao.net 16
3. nd 2
Centre of the economic activity of one of the most competitive European regions: Basque Country Bilbao is home to around half the population and economic activity of the Basque Country. The Basque economy, grace to its industrial and business tissue, has been able to position itself as one of the most competitive, innovative and productive regions of Europe. The Basque GDP per capita is 30% higher than the European Union average.
Ranked country in the EU for productivity per Employee
Ranked country in the EU rd 3 in per capita income (GDP) behind Luxembourg and Holland
1st
UN Human Economic Index (0,981 out of 1) 17
Basque Country: One of the most competitive European regions The Basque economy, grace to its business and industrial fabric, has been able to position itself as one of the most competitive, innovative and productive regions from Spain and Europe. The Basque Country belongs to the European regions with highest wellness per inhabitant. It has the second highest GDP per capita in Spain (29.683â‚Ź in 2014), with a difference of 25,5% over the Spanish average and also exceeding the European average of GDP per capita.
The Basque Country grace to its economic structure based on industry and high-added value services is the autonomous region that has better faced the crisis in Spain
The Basque GDP has been growing since 1980 and reaches around the 130% of the European average and its regional level of human development is comparable to the most advanced countries such as Finland or Austria. www.euskadi.net www.euskadiemprende.net
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High productivity The high productivity rate per employee of the Basque Country, place it as the second ranked country in the EU and, 25% above the EU average. The successful industrial policy carried out has been based in the creation of development instruments such as support financial programs to the investment, innovation and internationalization; the development of plans for the promotion of science and technology, the creation of spaces for innovation such as technology and science parks and the bet to create industrial clusters as instruments for the development of the strategic economic sectors of the country.
Investment in R&D above the EU average With only 4,6% of Spain´s population its exports represent more than 9% of the country´s total, most of them to Germany and France
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FDI in the Basque Country FDI weight on GDP* in the Basque Country
• More than 700 international companies.
Million €
• More than 9% of the GDP and 11% of the turnover • Employ more than 61.000 people (11% of working population in 2012).
• 432 million € FDI in 2012. • Spain´s third strongest region for foreign direct investment, behind Madrid and Catalonia.
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4.
Attractive business environment Bilbao has a wide range of infrastructures which are able to offer to companies an environment that facilitates the generation of business. The conjunction in its territorial environment close to high-tech companies and the high-qualified labour force allow the development of advanced services and knowledge economy.
Southern European City in th 4 the overall and FDI strategy
categories in the FDi European Cities and Regions of the Future Ranking (2014)
Mid-sized European City in the th 9 overall category of the FDi
European Cities and Regions of the Future Ranking (2014) 21
Commitment with economic promotion in the territory by all institutional levels
Regional level: Basque Government
Basque Business Development Agency (SPRI)
www.euskadi.net www.spri.es
Provincial level: Provincial Council of Biscay
Economic and Employment Promotion Agency
www.bizkaia.net www.beaz.bizkaia.net
Local level: City Council of Bilbao
Local Development Agency
www.bilbao.net www.bilbao.net/BilbaoEkintza 22
Competitive business clusters oriented to the global market Priority clusters Electrical appliances
Companies (number)
Employment (number)
Turnover (million â‚Ź)
Exports (% of sales)
10
3.971
468
64%
Machine Tool
128
7.074
1.328
92%
Automotive
199
35.000
13.100
83%
IT and electronics
186
8.024
2.124
38%
Environmental
70
2.711
1.563
21%
Energy
78
12.700
11.500
34%
Aeronautics
39
12.418
1.720
64%
140
8.303
1.699
59%
Paper
21
1.884
821
56%
Audiovisual
41
1.496
82
2%
125
5.050
1.350
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Maritime industry
Port of Bilbao
* Data 2013
The main Basque industrial sectors are organized and cooperate in priority sector clusters, developing collaborative innovation, commercial and technical initiatives.
There are also 11 pre-clusters in other sectors such as Bioscience, Smelting, Forging and Printing, Furniture, Food, Hand tools, Construction and Iron, among others, with englobe more than 650 companies, 193.126 employers and 38.215 million euros turnover.
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Advanced science, technology and innovation network 4 Technology Parks 3 Universities 9 BERCs (Basic and Excellence Research Centres) 3 Public Investigation Bodies 2 Technology Corporations 6 Sectorial Centres 3 Public venture Capital Companies
The Basque Country counts on with an advanced science, technology and innovation network, which is able to provide a technological, holistic, sophisticated and specialized offer to the business fabric.
www.innobasque.com 24
Bizkaia Science and Technology Park The Bizkaia Science and Technology Park is a benchmark in Basque Country Research, Development and Innovation, with a big concentration of innovating businesses that devote more than 10% of their investments to R&D&i.
10 minutes distance from Bilbao City Centre
It also has a considerable scientific-technological community made up of more than 2.100 researchers in the Technology Centres, University Departments, R&D Business Units and R&D&i coordination Agents.
7.907 Total staff
In the Bizkaia Science and Technology Park are located more that 200 companies from various sectors: Aerospace, Automotive, Electronics, Energy and Environment, Research and Development, Engineering, Medicine and Biosciences, Advanced Services, General Services, Information Technology.
2.620 million euros whole turnover
219 Companies installed
27% R&D personnel
www.parke.eus/bizkaia 25
Bilbao Bizkaia Design and Creativity Council - BIDC Bilbao Bizkaia Design and Creativity Council, an initiative linked to industrial and graphic design, fashion, furniture, videogames and audio-visual and digital economy, is key for the promotion, internationalization and competitiveness of these sectors.
www.bidc-council.net 26
Bilbao Auzo Factory Existing Auzo Factories:
Creativity factory linked to advanced business services and R&D social, cultural and economic laboratory
Specialized in digital economy and contents.
Bilbao Auzo Factory (BAF) is a project that aims to create innovative environments that can act as innovation nodes, creating small urban spaces for creativity and entrepreneurship in the neighbourhoods.
These ÂŤFactoriesÂť, through the mixture of diverse uses such as incubators, accelerators, training and networking among other activities, generate an attractive environment for innovation and economic development in the city.
Three new Bilbao Auzo Factories will be opened in 2015 and 2016 27
Basque world leading companies Metropolitan Bilbao is home of Basque world leading companies such as: BBVA: global group that offers individual and corporate customers the most complete range of financial and non-financial products and services. www.bbva.com IBERDROLA: Spain’s leading energy group, one of the top five electricity companies worldwide, and global leader in wind energy. www.iberdrola.es GAMESA: world leader in the design, manufacture, installation and maintenance of wind turbines. www.gamesa.es SENER: Engineering, Construction and Systems Integration company. www.sener.es IDOM: one of the leading companies in the Spanish market for professional services in Engineering, Architecture and Consulting. www.idom.es ITP: leading global company delivering high-technology products and services in the aeronautical and industrial engine market. www.itp.es CIE AUTOMOTIVE: supplier of components and subassemblies to the global automotive industry. www.cieautomotive.com VELATIA: international industrial and technological group which operates in the areas of electrical networks, electronics and communication networks as well as in the consulting, security and aviation sectors. www.velatia.com ARTECHE GROUP: world leader in the electricity sector. www.arteche.com INGETEAM: market leader specialising in electrical engineering and the development of electrical equipment, motors, generators and frequency converters. www.ingeteam.com MONDRAGON CORPORATION: Sales and production presence around the world in the industrial, financial, retail and knowledge sectors. www.mondragon-corporation.com
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International companies in Bilbao Almost 700 foreign companies settled in the Basque Country and many of them are located in the Metropolitan Area of Bilbao. These companies come from different countries, among which Germany, France, USA and Japan stand out. These companies have been installed here for decades, confirming that the Basque Country and Bilbao are good places to invest.
www.camarabilbao.com 29
Spaces for conferences and meetings Bilbao offers companies a wide range of diverse and unique spaces to host conventions, congresses or corporate meetings, such as: •
The Euskalduna Conference Centre and Concert Hall
•
Bilbao Exhibition Centre (BEC)
•
Azkuna Zentroa - AlhondigaBilbao
•
Guggenheim Museum Bilbao
www.inbilbao.com www.bilbao.net/conventionbureau www.euskalduna.net
Bilbao is not only one of Europe´s most attractive cities for hosting congresses, exhibitions, fun trips, corporate meeting, training… but we also help companies to manage their events, through the Bilbao Convention Bureau.
www.bilbaoexhibitioncentre.com www.azkunazentroa.com www.guggenheim-bilbao.es 30
5.
High quality of life Bilbao is a modern and balanced city, efficient, welcoming and attractive to live, to work and to visit. In it, people can reconcile their professional and private life, thanks to its attractive cultural and leisure offer.
LivCom Award in the st 1 category of Enhancement of the Natural and Built Landscapes (2011)
Most sustainable rd 3 City in Spain (2012)
City with best rd 3 reputation in Spain
according to Merco Ciudad (2010) 31
Green spaces and attractive surroundings Bilbao offers a wide range of green spaces for leisure, 1.340.000 square metres of open spaces equipped with picnic areas, children’s play areas, drinking fountains, tables, barbecues and other amenities. Along with the 21 city parks, these areas make up Bilbao’s green belt. Also, some of the most beautiful beaches along the northern coast are within a stone's throw of Bilbao many of them are accessible by metro.
1.340.000 square meters of open spaces and 21 city parks. Metropolitan Bilbao has many beaches and a spectacular coast just a few minutes away from the city center.
www.bilbao.net/anilloverde www.bilbao.net/bilbaoturismo www.mybilbaobizkaia.com www.tourism.euskadi.net 32
Cultural and leisure offer Culture is the fuse that lights Bilbao’s transformation, and currently it is still a pillar of the strategy to keep on boosting innovation. Art and culture in Bilbao are not just seen as objects to admire but as a way of life. That is why the city hosts a wide range of cultural and entertainment events, with a calendar featuring film festivals, music, theatre and dance which draw large, enthusiastic audiences.
After the success obtained in the 2014 edition, Bilbao will host in September the final round of the Red Bull Cliff Diving World Series 2015.
Also, Bilbao Art District is the area in the city where the most important art galleries in the city are located; the Guggenheim Museum, the Fine Arts Museum, and the Rekalde Gallery as well as restoration and framing workshops, and antique bookshops.
BBK Live is one of the most important European music festivals.
www.bilbaobbklive.com www.bilbaokultura.net www.redbullcliffdiving.com www.bilbaoartdistrict.com
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Gastronomy The Basque cuisine internationally recognized for being one of the best cuisines from all over the world. New Basque cuisine takes its basis from traditional Basque cuisine, although enriched with touches (subtle or emphatic) of creativity and sophistication. Also, in Bilbao there is a wide range of CafĂŠs, gastronomic stores, pintxo bars and restaurants.
Basque Country accounts 30 Michelin Stars in 21 restaurants Four of them have 3 Michelin Stars, being the maximum recognition
Bilbao also have an attractive night live.
www.bilbao-bizkaia.slowfood.es www.bculinary.com 34
Safe city Bilbao is a safe city. Proof of this is the low rates of crime and violence in the city. We work hard to keep crime and violence rates down and reduce them still further. The ETA ceasefire, announced in 2011, was the best thing that could happen to the Basque society. There is peace in Bilbao and Basque Country at last. People can come, visit and invest in the city in peace because we, at last, live in peace.
Bilbao has one of the lowest crime rates in Spain. ETA announced its ceasefire in 2011.
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6. st 1
Legal safety, own tax system and good public governance Bilbao´s entrepreneurial tradition and its experience along to its willingness to innovate and improve constantly, make of Bilbao a reliable city, in which the efficiency and legal safety of its institutions are an identity mark. The provincial Government of Biscay has an own tax system with regulatory capacity for taxes as well as autonomy for its exaction and collection. Besides, the good governance carried out by the city obtains a high valuation, both from the citizens and for international organizations.
City with the best eAdministration in Spain according to the Internet Users Association (2010)
Winner of the EPSA – European Public Service Award (2011)
Most transparent city in st 1 Spain in 2008, 2009, 2011,
2012 and 2014 according to Transparency International 36
Basque Country: Own treasury The Basque Country, although it is part of Spain it has its own treasury. The three governing bodies of the Historic Territories of Ă lava, Bizkaia and Gipuzkoa are in charge of collecting the main taxes, and the high level of autonomy allows the direct government and administration regarding matters such as: Treasury and Tax Collection, Industry and Economic Promotion, Research and Innovation, Transports, Housing, Environment, Education, Public Health, Law and Order, etc. A multi-annual economic agreement regulates the financial relations with the Spanish State. In addition to fiscal powers, the Basque Country has its own powers with respect to health, education and culture, industry and commerce, transport and public development work, the police, the environment, the agriculture, tourism, work, social protection and water resources. The Spanish State regulates the labor legal framework.
This fiscal autonomy is one of the factors that led Standard & Poor´s to recently confirm the Basque Country's BBB+ rating two notches above that of Spain. Basque Country has 28% rate of corporate tax (24% for SMEs), compared with 30% of the rest of Spain. With its own fiscal regime it can also offer companies diverse deductions that make the effective corporate tax even lower.
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Good public governance In the current climate of economic crisis, the City of Bilbao has designed a strategy based on economic austerity and stringency for its political management, enabling it to respond to the commitments acquired to citizens, through on-going monitoring of the actions developed with as much transparency as possible, fostering citizen participation and seeking “zero” public borrowing. The Municipal website serve as multi-channel system for citizen's an companies´ requests: • • • •
E-Administration gateway Citizen and Companies folders Electronic invoicing On-demand payments
Only large municipality that is DEBT FREE in Spain. On-line processing portal, which incorporates 60 on-line processes for citizens and companies.
• On-line payments • News and on-demand information • “Your city council listens”
www.bilbao.net/eudala 38
7.
Talent Bilbao is a city with a high-skilled population, in which more than 24% of the population has a university degree. Besides, it has established collaboration agreements with universities with the aim of facilitating the development of new education infrastructures, which allow creating innovation and knowledge poles especially in the fields of: engineering, telecommunications, and health.
3.822
People working in 2013 in R&D in the city
% 24
of the population has a university degree
Basque Public University: Greater number of doctorate programs with “excellence� distinction in Spain 39
University City • Bilbao is home of 4 Universities: Basque Public University (UPV/EHU), Deusto University, Mondragon University and Tecnun University of Navarra. • Attractive and diverse high education offer: 73 higher degrees and more than 100 postgraduate masters and doctorates. • More than 36.000 students. • 3.400 professors and/or researchers reaching 5.000 employments • Represent the 21% of the expenses on R&D activities in Bizkaia. • 20,6% of researchers work with companies: researchers working with companies have increased a 41% in the past two years. • 5 of the 6 Basque BERCs (Basic and Excellence Research Centers) are located in Bilbao Metropolitan Area: Neuroscience, BC3 Climate Change (Bilbao), BCAM Applied Mathematics, BCMaterials, Applications and Nanostructures and the UB Biophysics Unit UPV/EHU–CSIC. • Spaces for busses incubators and the creation of university spin-offs: ZITEK (UPV/EHU), DeustoKabi (Deusto University) and Bilbao Berrikuntza Faktoria (Mondragon University).
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90 Patents
More than 3.000 doctors, 288 reaserch groups, 4.305 R&D&i activities (46,6 million €) and 90 registred patents.
3.000
doctorates
288 Research groups
4.305
Greater number of doctorate programs with “excellence” distinction in Spain
R&D&i activities
Research General Services (SGIker): support to research at the highest level, with modern instruments and high technology equipment. ZITEK Program: creation of a business tissue from the entrepreneurial ideas that are the result not only of the R&D&i research groups, but from any entrepreneur with a previous or present link with the University. www.ehu.eus/es/web/sgiker www.emprendedoreszitek.com
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301 Research projects
887 researchers (389 doctorates), 12 research centers, 39 research groups and 301 research projects.
887
Researchers
39 Research groups
12 Research centres
Deusto Entrepreneurship Centre encourages the entrepreneurial spirit and knowledge transfer generated or learned in the Deusto University to the society and market. In Bilbao it also has DeustoKabi, to support entrepreneurs and the business projects that emerge in the university environment, encouraging transfer and application of the technology, knowledge and advanced services generated at the University of Deusto to the world of business. www.deusto.es www.ekintzailetza.deusto.es
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Research activities linke to companies
5
Collaborative research through 5 R&D management units.
R&D management units
95 Doctorates
It has 95 doctorates and research activity linked to the business sector (kerlan, Ideko and Garaia Innovation Pole).
MU-BBF (Bilbao Berrikuntza Faktoria): Innovation and Entrepreneurial Centre. It has three differentiated fields in one space; innovation and entrepreneurial centre (CIE); University activity; and venue of innovative companies. www.mondragon.edu 43
8. Member of the UNESCO Creative Cities Network n the field of Design (2014)
Specialized in innovative and high-added value sectors of activity Bilbao has created the necessary conditions to favour knowledge, innovation and creativity. Therefore, besides strengthening the existing companies, it also attract new ones, especially those related to the emerging and dynamic sectors such as: Art & Creativity; Advanced services; Tourism & Business Conventions; Internet Digital Tech; Ecotechnology & Urban solutions; and Health & Applied Technologies.
Cities of Science and Innovation Distinction by the Ministry of Science and Innovation (2011)
Most innovative City in rd 46 in Europe Top 5 3 Spain, and 82 in the World th
nd
according to the Study Top 100 Innovative cities (2011 )
Most Smart Cities in Spain according to IDC´s Information Society Index (2011 and 2012) 44
Bilbao improves the competitiveness of its economy, through the development of an innovative and open economy. 45
We do this through the development of 6 strategic economic sectors in the city.
Internet Digital Technology
Eco-technology & Urban solutions
Art & Creativity
Tourism & Business Conventions
Advanced services
Health & Applied Technologies
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Art & Creativity Creativity, culture, technology and design are assets that Bilbao has incorporated to the its economic tissue. The incorporation of technology, digital culture and design to all the economic and urban processes, is in fact one of the symbol of identity of the city. During the past years we have worked to create the basis for the development in Bilbao of new creative sectors linked to new technologies, such as video games.
6,28 % of the companies in Bilbao are linked to arts and creativity.
More than 1.600 Cultural events supported by the city
Bilbao also offers in this field, a number of high skilled technicians above the European and Spanish average, and clear orientation towards creating and consolidating creativity poles in the City (Art District, Zorrotzaurre, ‌).
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Advanced Services Bilbao concentrates the service offer of the Basque companies, and its area of influence extends to other close regions. The advanced business services sector is the one that produces higher added value in Bilbao. There are more than 2.300 companies that represent the 11% of the business fabric of the city, and they employ almost 28.000 people, this means 1 of each 6 employments generated in Bilbao, however they generate 27% of Bilbao´s GDP.
There are more than 2.300 companies, that represent the 11% of the business fabric of the city Bilbao is positioning itself as an European Pole of Advance business services.
48
Tourism & Business Conventions Tourism represents a sector of activity with high growth potential. Its evolution and expansion generates new opportunities for the development of urban and regional destinations, that are gaining presence as preferential destinations due to their singularity and differentiation. Tourism represents more than the 5,6% of the GDP of the City and will have a higher impact on Bilbao s economy, that will be related to the creation of a more competitive industry, the rise of Business trips and the strengthening of new fields such as health and quality of life, arts, culture, knowledge and Basque surroundings.
Bilbao connects with the new tendencies that give priority to special and experience-oriented trips. Tourism represents more than the 5,6% of the GDP of the City
Through the Bilbao Convention Bureau the city promotes the organization of meetings and congresses in the city. In 2014 it gave support to 327 meetings and events that were attended by more than 82.000 delegates. 49
Internet Digital Technology The City has an emerging business tissue of new technologies and internet development, which is highly motivated and innovative. The city has a local hub that facilitates the openness to the so called “disruptive technologies� (mobile internet, internet of things, cloud technologies, etc.).
There is in the territory a booming business sector in the fields of telecommunications and informatics.
In this sector, the city is working in the challenge of boosting the collaboration University-Companies; boost and reinforce the entrepreneurial spirit; and the bet for the collaborative work with agents in the fields of: energy, transport, intelligent manufacturing, urban sustainability.
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Eco-technology & Urban solutions Bilbao has a wide range of companies that have taken part in the urban transformation of the city with their experience, technology and excellence. The international recognition of Bilbao´s urban transformation has now an economic dimension, offering companies new business opportunities in new markets.
Bilbao´s companies are well positioned to give response to the increasing demand of services and infrastructures linked to sustainability, mobility and recovering of urban spaces criteria.
Bilbao is a World reference in Urban Transformation. Bilbao´s business tissue is strong in fields such as clean energies, water an waste management and public transport.
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Health & Applied Technologies Bilbao has a long tradition in the field such as engineering and new technologies, and it continues to give support to the development of new capacities linked to medical research, biosciences, nanotechnologies, new materials, through its scientific and technological agents (University, Technology Centres‌.)
The annual growth average in the world market of the health technology is over the 4% during the past years.
The city seeks to take profit of the local needs and global opportunities related to health and wellness of people and generate a new business tissue in the city. In order to achieve this, we will boos the collaboration between local agents and the experimentation (living lab) of applied technologies to these needs. Services linked to sanitary technologies have a positive effect in the efficiency and quality of the sanitary system. They allow the development of more efficient assistance model that can facilitate efficiency strategies and cost reduction. 52
9.
City-brand that gives value Bilbao is a city open to the world. Its unique and differentiated city-brand, reinforced by the international impact of Guggenheim Museum, is well positioned internationally and ensures a great reputation for international companies.
Guggenheim Museum Bilbao has been selected as the most important building in the past 30 years according to a survey made to 52 renown representatives from the architecture field (including 11 Pritzker award winners) by Vanity Fair (2010) 53
Guggenheim Museum Bilbao Since its inauguration in 1997 Guggenheim Museum, designed by Frank Gehry, has placed Bilbao in the world map, ensuring an international image. We can say that the Guggenheim Museum has been the Bilbao bet in the globalization era.
It has placed Bilbao in the world map, ensuring an international image.
Furthermore, it has also achieved to bring high quality tourism to the city, that together with the traditional business tourism, have a big impact in the economy of the city.
More than 1.000.000 visitors in 2014. 64% of them come from foreign countries. Its contribution to Bilbao´s GDP was 297 million euros in 2014.
www.guggenheim-bilbao.es 54
Bilbao-Bizkaia Brand The City of Bilbao and the Bizkaia province have joined forces to create a new brand that will represent the city internationally. The Brand, inspired in the Guggenheim Museum, was selected in an open contest, among 84 proposals from all over the world.
“Bilbao Bizkaia, Be Basque� has as main objective to strengthen the positive, coherent and stable image of the Province of Bizkaia and Bilbao in the framework of an holistic strategy that is key for the attraction of visitors, investments, events and talent to the city.
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International benchmark The delegations visiting Bilbao are formed by all levels of administration, companies and also from the academic world.
2012 61 visits
2013 79 visits
2014
75 visits
The City of Bilbao receives the visit of a high number of delegations from all around the world wanting to learn about the successful urban transformation and renovation process that the city has experienced and also the financial and management model that has made it possible. More than 15 years after of the opening of the Guggenheim Museum, what is known as the “Bilbao effect�, the city still attracts a high number of International delegations. Actually, it is increasing constantly.
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Positive opinions made by city leaders during the World Cities Summit Mayor´s Forum held in 2013 in Bilbao 57
10.
A city that looks to the future Bilbao is a city that along its history has been able to turn problems into opportunities. Over the last 30 years Bilbao has been able to reinvent itself, becoming a reference model for cities all around the world. But the city does not remains still. It continues developing projects to remain competitive in the global scene.
World Mayor Award (2012)
Winner of the Lee Kuan Yew World City Prize considered as the Nobel Prize for cities (2010) 58
1880 Industrial Stage
1980
2010
Urban Transformation
Knowledge Economy
The three transformations of Bilbao Over the last 30 years Bilbao has evolved to a modern, efficient, friendly and attractive place to live, work and visit.
Bilbao has become a city open to the world.
The economic and social environment and climate of the city stimulates the development of new technologies, promotes innovative industry, with high added value, and boosts the tourism, culture, leisure and services of an advanced society.
Over 1.000 million euro of municipal funding for investments over the last 8 years
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25 PROJECTS IN 25 YEARS – 1 URBAN PROJECT
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The city does not remains still. It continues developing projects to remain competitive in the global scene.
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High-speed train It is expected that the Highs-speed train arrives to Bilbao in 2019, with the known as Basque «Y». The new passenger and freight system will be connected with the different Spanish and European high-speed and goods transport railway network, reducing the journeys´ length considerably. It will connect the Port of Bilbao with Europe´s major railway. It will also reduce the travel time between the three Basque capitals (Bilbao, San Sebastian and Vitoria).
It will make easer the access to the Spanish and European Highspeed Rail network.
The new Railway Network will transport both people and goods and will connect also the Basque capital cities and France.
www.euskalyvasca.com 62
Zorrotzaurre Island project The Zorrotzaurre Island project, reconverted into a Knowledge District, is the spearhead for defining the immediate future of the new Bilbao.
It will be a modern area, bringing together residential and new business premises in a spacious urban technology park.
Zorrotzaurre: an island for living, working and pleasure. The area occupies 838.781 m².
The Master Plan for the project was designed by the prestigious angloiraqui Zaha Hadid.
www.zorrotzaurre.com 63
Sarriko University (economic & legal studies)
Deusto Business School
Faculty of Engineering & Medicine
University triangle The Garellano area is home to the new University Schools of Medicine and Engineering, whilst in Abandoibarra, very near the new modernist-looking library of the University of Deusto, stands the new auditorium of the University of the Basque Country.
The commitment to the Knowledge Revolution also embraces the new University Campus of Bilbao.
And let’s not forget the new university centre of legal and economic studies in the Sarriko Faculty.
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WHAT Can Bilbao offer
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Specific policies to attract foreign investments
INVEST IN BILBAO: Bilbao Foreign Investment Support Office
Incentive POLICIES
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INVEST IN BILBAO Bilbao Foreign Investment Support Office. Single point of contact to support foreign investors that are exploring opportunities in Bilbao. Exploratory phase Start-up phase Operational phase
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Bilbao Ekintza: Local economic development agency Business promotion & Employment
The City of Bilbao coordinates its economic promotion strategy through the Local Economic Development Agency "Bilbao Ekintza". Bilbao Ekintza, drives the generation of social and economic wealth for Bilbao, by positioning the city as an attractive destination for investment, setting up companies and business growth, along with enhancing job opportunities. It is also responsible for the international promotion of the city.
City activities and events
International Promotion
More than 140 professionals and a budget of 23,3 million â‚Ź for 2015.
Tourism
www.bilbao.net/BilbaoEkintza 68
INVEST IN BILBAO: Your gateway to Bilbao Invest in Bilbao acts as single point of contact to support foreign investors that are exploring opportunities in Bilbao, by giving them full support all along the process. Making it easy and fast.
Specific working-line with the aim of boosting and supporting foreign direct investment in the city. Coordination between all the areas for the economic and international promotion of the city of Bilbao.
www.investinbilbao.com 69
Support offered to foreign investors START-UP PHASE
OPERATIONAL PHASE
• General, sector and company specific information.
• Advice and support during the start-up process.
• Support in reinvestment-related activities.
• Coordination of fact-finding visits to Bilbao.
• Assessment on potential needs.
• Coordination of meetings with government and regulatory authorities.
• Support in the identification of the location for the establishment.
• Coordination of visits to existing investors and companies already established in the city.
• Support with the necessary procedures to obtain permits and regulations.
• Coordination of meetings with professional service firms.
• Contacts with potential suppliers, clients and partners.
EXPLORATORY PHASE
• Networking with other companies.
• Coordination of meetings with educational and training institutions. 70
Incentive policies There are a wide range of incentives offered by the local and regional institutions to invest in Bilbao Ground / Location Business creation Aids Talent. Human Resources Tax Benefits Financing R&D&i incentives
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Ground / Location The City Government facilitates companies the identification of possible spaces for the implementation of their activities according to their needs and help them to during the negotiation process. There is also a Map of available spaces and infrastructures in the city that facilitate companies the identification of possible spaces for activity. Bilbao Metropolitan Area also offers a wide range of spaces both for industrial and technological use:
The city still has ground available, both for residential and industrial use More than 100.000 meters free for commercial use in the city center
Industrial: Industrial parks Technological: Technology and Science Parks and Incubators www.sprilur.es www.parke.eus/bizkaia
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Business creation Aids Incentives for the creation of innovative businesses offered by the Provincial Council of Bizkaia which include: • Constitution of the new company. • Marketing Plan. • Establishment expenses. Specific aids for job creation. www.beaz.bizkaia.net 73
Talent. Human Resources • Biscay Talent and Ikerbasque: incentives for hiring and training for companies and universities located in Biscay.
• Financing of training according to the specific needs of the companies (up to 100%) • Bilbao BBK Talent : residential complex addressed to high qualified researchers coming to Bilbao and Bizkaia as non-permanent researchers. www.bizkaiatalent.org www.ikerbasque.net www.bilbaobbktalent.es www.bebasquetalentnetwork.org 74
Tax Benefits Tax deductions: • • • • • • • •
Investment in fixed assets: 10% of investment. Fostering use of IT: 10% of investment. Reserve for investments: 10% facilities. R&D activities: 30% – 50% of R&D expenditure. Industrial design: 10% - 15% of investment Cultural heritage: 15% - 20% of investment Investment in clean technologies: 30% of investment Job creation: 3.000€ per person / year
www.bizkaia.net
General corporate rate is 28% and 24% for SMEs. Since the Basque Country has its own fiscal regime it offers a wide range of tax deductions.
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Financing Financial access to the necessary capital for the creation and growth of innovative companies. There are two kinds of funds: • “Seed fund” for the participation in the Capital of new companies. • “Development fund” to support the growth of the existing companies with attractive financial conditions.
www.seedcapitalbizkaia.com www.spri.es 76
R&D&i incentives Financial incentives for companies (non-refundable grants) • GAITEK: R&D projects that improve entrepreneurial competitiveness. The amount covers a maximum of 25% of the eligible cost, with a maximum amount of 250.000 euros per entity and year. • ETORGAI: R&D projects of company partnerships that have a positive effect on the Basque economy. The amount covers a maximum of 40% of the eligible costs. • NETs: R&D projects of New Technology Based Companies (NTBC) that develop new products or services. The amount covers between 40% and 50% of the cost for company partnerships and between 25% and 40% of the cost for single companies.
www.spri.es 77
ANNEX Some reference costs
Average annual office rent for a prime location/centre location:
150 €/year/m² 200 USD /year/m2
Average annual rent for a factory/industrial unit in a prime location:
48 €/m²/year 64 USD/year/m²
Electricity costs:
0,1224 €/Kw/h 0,1640 USD/Kw/h*
Average annual salary for an unskilled worker:
21.475 €/annual (2011) 28.694 USD/year (2011)
Average annual salary for a semi-skilled worker:
22.470 €/annual (2011) 30.025 USD/annual (2011)
Average annual salary for a skilled worker:
34.889 €/annual (2011) 46.617 USD/annual (2011)
* Note: the electricity cost can be negotiated depending on the amount of electricity to be consumed.
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For further information contact: INVEST IN BILBAO Navarra 5, 1st Floor 48001, Bilbao, Spain Tel.: (+34) 94 420 53 90 / 94 420 53 19 E-mail: international@bilbaointernational.bilbao.net Website: www.investinbilbao.com 80