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How we became a EER region

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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  1. Howwebecame a EER region Consellería de Economía, Industria, Turismo y Empleo

  2. 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

  3. 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

  4. However, wevisitedBoston, Helsinki and Tel Aviv ecosystems to studybestpratices

  5. Afterlearningfromthebest, wecompleted a swotanalysis…

  6. …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 “

  7. 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)

  8. Wehavedefinedourowncrosscuttingstrategy to boostentrepreneurship

  9. 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.

  10. Action Plan. Financing In ourcrosscuttingstrategy, boostingearlystageinvestmentisessential. Goodteams/projectshavetohavetheopportunitytoovercomedeathvalley Death Valley

  11. 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

  12. 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

  13. Action Plan. Financing Wealsoparticipatedirectly in privatefunds. We are currentlylookingfor new participations in VC funds No office in ValencianRegionbutinvestmentcommitment 2x Office in ValencianRegion 13

  14. 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/).

  15. 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.

  16. 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 .

  17. 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

  18. Let´skeepitclear…

  19. 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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