How we became a eer region
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How we became a EER region. Consellería de Economía, Industria, Turismo y Empleo. Key info about Valencian Region. 5,1 million inhabitants; over 22 million tourists Valencia’s GDP accounts for nearly 10% of Spain’s GDP . 13.5% of foreign citizens who live in Spain

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How we became a EER region

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How we became a eer region

Howwebecame a EER region

Consellería de Economía, Industria, Turismo y Empleo


How we became a eer region

Key infoaboutValencianRegion

  • 5,1 million inhabitants; over 22 million tourists

  • Valencia’s GDP accounts for nearly 10% of Spain’s GDP.

  • 13.5% of foreign citizens who live in Spain

  • 5 commercial seaports and 2 international airports

  • 514km of coastline


How we became a eer region

InnovativeEntrepreneurship: wehadanexcellentplatformtostartwith

5 Science

Parks

9 Universities

and

Business

schools

Regional Ecosystemtosupportinnovativeentrepreneurship

4 European

Business

Innovation

Centers

(CEEIS)

Chambers

of

Commerce

Young

Entrepreneur

Associations

Business Angels

network

8 Business

Incubators/

Accelators

14 Institutes

of technology


How we became a eer region

However, wevisitedBoston, Helsinki and Tel Aviv ecosystems to studybestpratices


How we became a eer region

Afterlearningfromthebest, wecompleted a swotanalysis…


How we became a eer region

…and westarteddefiningthebasics

MISSION

“Valencian Region is to promoteentrepreneurship culture and enable sustainable, smart, and inclusive entrepreneurs through itsIndustrial and Economic policy, whichshouldoffer citizens and companies a better environment to create new companies and better quality jobs “


How we became a eer region

VISION

To become a European Reference in Entrepreneurship because of:

  • A coordinated collaborative and cross-cutting model among public administration, education entities, private sector.

  • A sound entrepreneurial culture in society and in businesses. By educating, promoting the desire to undertake as a contribution to the development of society, the improvement of quality of life and of our society, emphasizing the social aspect of job creation.

  • A high attraction to talentas a source of innovation and wealth creation.

  • A high rate of technology transferamong universities, research institutes and companies.

  • 5.A wide consensus on strategy (Entrepreneurial ValencianCouncil)


How we became a eer region

Wehavedefinedourowncrosscuttingstrategy to boostentrepreneurship


Action plan small business act

Action Plan. Small Business Act

Forward-looking strategy to increase the innovation potential of small enterprises.

  • We completely assist our SME together with our 4Business Innovation Centers (BICs) located in Valencian Region in coordination with the key role played by our Universities(5),our 5 Scientific Parks and our 14Technological Institutes.

  • Start Points helpdesk (customer service desks for entrepreneurs). Our objective: deploying throughout all our Regional territory 50 Start Points helpdesks located within public administration bodies, municipalities, private entities, professional associations, business associations or chambers of commerce.

  • Looking for administrative simplification and efficiency, during the EER year CRM Entrepreneur e-CENSUS Software Development/file of the entrepreneur will be running.

  • ‘Top Ten laws project’ to highlight our commitment to derogate laws that generate barriers for business.


How we became a eer region

Action Plan. Financing

In ourcrosscuttingstrategy, boostingearlystageinvestmentisessential. Goodteams/projectshavetohavetheopportunitytoovercomedeathvalley

Death Valley


How we became a eer region

Action Plan. Financing

Theregional government has deployedfinancialinstruments to supportstart ups allalongtheirinitialstagesunder a privateco-investmentbasis

Instruments

Toco-investwith

Entrepreneurs, friends and family

Business Angels

Venture Capital funds

Subordinatedloans

Participationin VC Funds

Venture Capital funds

Otherinstruments: microcredit


How we became a eer region

Action Plan. Financing

In 3 years, regional government has co-invested 19,4M€ in 159 companies; the total amountincludingprivateinvestment has reached 59M€

*

6 deals

2 M€

39 deals

6 M€

114 deals

11M€

* Only 1 year in place

12


How we became a eer region

Action Plan. Financing

Wealsoparticipatedirectly in privatefunds. We are currentlylookingfor new participations in VC funds

No office in ValencianRegionbutinvestmentcommitment 2x

Office in ValencianRegion

13


Action plan empowering entrepreneurship culture

Action Plan. Empowering entrepreneurship culture

  • Promoting social recognition of the entrepreneur’s figure and ensuring the transmission of entrepreneurial success is a must for us.

  • Promoting entrepreneurial attitudes, values, acquisition of skills leading to entrepreneurship. More than 7.740 students have already participated, at 15,480 hours. Next two years, it will be implemented with a similar participation.

  • Development of training programmes with special attention to teachers and professors through our Summer Camp programmes.

  • Closer cooperation, especially between higher education and enterprises: “the Patents Bank”. This initiative, one of the major strategic bets for technology transfer, was born in 2013 for promoting the encounter between entrepreneurs, businesses and generating innovative knowledge centers, (http://www.bancodepatentes.gva.es/).


Action plan governance and consensus

Action Plan: Governance and consensus

  • Valencian Entrepreneur Council VEC. It is a remarkable figure of our Action Plan, because of its transversal and coordinative role.

  • In charge of designing a more efficient strategy for the promotion of entrepreneurship, policies management and results.

  • Made up of representatives from public administrations, academic institutions, social and economic institutions such as technological institutes, chambers of commerce, industry and navigation, business organizations, young entrepreneurs, cooperatives and autonomous workers’ organizations.

  • Acting as an advisory body, the Council shall be responsible for making proposals to help improve legislation on entrepreneurship, as the center of regional government measures

  • Consistent with the better implementation of the SBA and the entrepreneurial strategy.


Some relevant e vents

Some relevant events

  • The most important event on innovation in Europe, EMTECH, improving innovation potential in SMEs. Organized by the Spanish edition of the MIT magazine Technology Review, it is considered one of the most important events in the world on technology and entrepreneurship.

  • The Entrepreneur’s Day which will celebrate its 10th anniversary in 2015, and (Do Networking/ Get Involved 16 workshops per year), mobilizing more than 43.000 entrepreneurs since 2006.

  • Sustainability is one of our key points. Valencian Region participates as one of the 6 Regions in CLIMATE KIC, one of the three Knowledge Innovation Communities (KICs) created in 2010 by the European Innovation and Technology Institute (EIT).

  • Iberian Techtour. International investors and top Startups from Spain and Portugal met in Valencia and Lisbon the 1stOctober 2014 .


How we became a eer region

Thisstrategyiscompletelyalignedwithour industrial policies and our sectorial specialization (RIS3)

ÁREAS ESPECIALIZACIÓN TECNOLÓGICA

Tecnologías energéticas y medioambientales

EJES DE DESARROLLO

Micro y nanoelectrónica y fotónica

Materiales avanzados y nanotecnologías

Fabricación avanzada

Logística

Biotecnología

TIC

Turismo y calidad de vida

EJE 1

CALIDAD DE VIDA

Promoción de la salud y sanidad eficiente

CALIDAD DE VIDA

Agroalimentación, cosmética y productos hogar

EJE DE SOSTENIBILIDAD

Bienes de consumo personalizado

PRODUCTOS INNOVADORES

EJE 2

PRODUCTO INNOVADOR

Hábitat: La vivienda y su entorno

Automoción y movilidad

EJE 3

PROCESOS AVANZADOS DE FABRIC.

PROCESOS AVANZADOS DE FABRICACIÓN

Bienes de equipo


How we became a eer region

Let´skeepitclear…


How we became a eer region

Somegoodresultshavealreadybeenachieved…

  • Valencia Region´sstrategyawarded as “EntrepreneurialEuropeanRegion 2015”

  • +30 new companies are created per day

  • Top 3 in number of start ups in Spain; n#1 in terms of accelerators, incubators and co-workingspaces

  • 1 out of 4 people in adulthoodisengaged in any of thestages of theentrepreneurialprocess (intention, emergingactivity, new orconsolidateactivity). GEM report

  • +120 start ups are acceleratedbyexperiencedincubators/accelators

  • Togetherwith London, Singapore, Seoul and Rio de Janeiro wehavebeenselectedtodevelopthe REAP at MIT (Regional EntrepreneurshipAcceleratorProgram)

Nevertheless, we are just at thebeginning of a transformationalchange


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