Annual Report 2010 MIT Club of Spain Annual Report 2010 Table of Contents Main Events 2010 2 The Club’s Finance 6 The Management Team 7 Thank You! 8 Page | 1 MIT Club of Spain Annual Report 2010 Main Events 2010 During 2010 the MIT Club of Spain has led and /or organized a number of events, covering a broad range of academic, business and social goals and themes. Honorary degree from UPM to Professor Suresh Professor Subra Suresh, Dean of MIT’s Engineering School, received an honorary doctorate degree (Doctor Honoris Causa) from the Universidad Politécnica de Madrid. The event was celebrated on January 28th in Madrid. The MIT Club of Spain was invited to participate and many alumni have attended the ceremony. The MIT Club of Spain Speaker Series: Dean Schmittlein and Professor Locke On March 23rd, the MIT Club of Spain held a very special Speaker Series event with Dean Schmittlein and Professor Richard Locke. Dean Schmittlein and Professor Locke provided an overview of the work that is being developed in the MIT Sloan School of Management around the topic of Sustainability and provided various examples of the impact of such work academically and in many non-profit and business organizations worldwide. The event took place at the Rafael del Pino Foundation. Page | 2 MIT Club of Spain Annual Report 2010 The MIT Club of Spain Speaker Series: Professor Kenneth P. Morse On May 24th, Professor Kenneth P. Morse has given a lecture on entrepreneurship titled “The Spirit of Innovation and Entrepreneurship: What’s hot and What’s not” in the ETSII, to a room full of entrepreneurs and many MIT alumni. Professor Morse has challenged everybody in the room to join the Club effort to launch the Spanish chapter of the MIT Enterprise Forum. Summer Party 2010 On July 1st we held our Summer Party at the Museo del Traje in Madrid, where we had the chance to wish all the best to the newly admitted members to the MIT community. MIT Sloan On The Road - Madrid On September 29th, Angel Navedo and Deirdre Kane from the Admissions Office of MIT Sloan joined us in Madrid for the annual presentation of Sloan on the Road. Page | 3 MIT Club of Spain Annual Report 2010 Launch of the MITEF in Spain The MIT Club of Spain has founded the MITEF chapter in Spain and has organized a launching event at Fundación Rafael del Pino on December 2nd. The event was opened by Maria del Pino and followed by short notes provided by Richard Kivel and Pablo Fernandez de la Torre. Pablo then moderated a debate with Mayte Ballester, CEO of 3i and President of ASCRI, Enrique Castellon, President of Cross Road Biotech, Javier Ulecia, Partner of Bullnet Capital, Luis Martin Cabiedes, Partner of Cabiedes & Partners and Fernando Alfaro, Trustee of Fundación Bankinter. Clara Pombo introduces three entrepreneurs (Xavier Carrillo Costa, Digital Legends; Ran Vigor ,TCD Pharma; Jose Mariano Lopez-Urdiales, Zero2infinity). The event was closed by Juan Tomás Hernani, Secretary for Innovation at the Ministry of Science and Innovation. We’d like to thank the executive team that is currently pushing the MITEF effort in Spain and all those who have in the past dedicated time to this initiative, all of which have made it possible that the MITEF Spain becomes a reality. We also want to thank the initial sponsors of the MITEF in Spain: Fundación Rafael del Pino, Fundación everis, Fundación Bankinter and Gomez-Acebo & Pombo. Christmas Party 2010 Dear members of the Club, At the start of the Christmas season we organized our MIT Spain Christmas party that took place at the Olive restaurant on December the 15th. Page | 4 MIT Club of Spain Annual Report 2010 We have also co-organized a number of events with other Universities and Associations: Lunch with Carlos Barrabes, one of Spanish leaders in e-business. He shared with us his ideas on DOs and DON’Ts in internet. This event took place at the Genova, 7 Financial Club on January the 20th Lunch with Juan Jose Guemes, President of the Centro Internacional de Gestion Emprendedora de IE Business School to talk about Entrepreneurship. This was organized together with the Rafael del Pino Interns Association at The Main Room in the Fundacion Rafael del Pino XIII Harvard vs. Insead Golf Tournament, which took place at the La Almarza Golf Course on October 9th Lecture of Dr. Marshall Goldsmith, co-organized with the Chicago Alumni Associatuon, under the subject "Helping successful people getting even better", on October 26th at the Escuela Técnica Superior de Ingenieros Industriales Page | 5 The Club’s Finance In terms of the Club’s finance, you can find below a cash balance and the key movements during 2010. We have increased the base of contributing members and maintained the fee flat from the previous year, particularly in light of the macroeconomic environment and as an incentive for further enrollment. As in 2009, we have invested significantly in subsidizing event costs to ensure increased participation from members. We have continued to invest in administrative support to ensure quality of our service and response to members’ requests, while at the same time providing support to the management team. We would like to take this opportunity to thank Marta Mora for all the energy and enthusiasm she has dedicated to the Club in the past year. Overall, the financial position of the Club remains strong. The team is committed to ensure the long term financial sustainability of the Club. 2009 Revenues Member fees Event fees Sale of merchandising Financial interest Total Revenues 4,880.00 7,280.05 100.00 0.61 12,260.66 5,580.00 5,280.00 60.00 0.15 10,920.15 Expenses Administrative support Event expenses Cost of merchandising sold Bank expenses Other expenses Total Expenses 2,200.00 9,613.06 90.00 355.60 620.98 12,879.64 2,400.00 6,028.00 36.00 361.46 1,869.77 10,695.23 5,397.22 504.00 4,740.77 587.60 1,360.001 6,688.37 ASSETS (as of 31/12/2010) Cash Merchandising Loans Total Assets 1 2010 5,901.22 Loan provided by the MIT Club of Spain to support expenses of the MIT Enterprise Forum launching event Page | 6 The Management Team Marcelo Catala President Maria Ferrer Virginia Guerrero Vice-president Luis Abril Telmo Valido Secretary Lucas Aranguena David Prosper Treasurer Ricard Huguet Carlos Molina Fredrik Johnsson Rodrigo Serrano Ruben Herskovits Santiago Bañales Miguel Palacios Pablo Fernandez de la Torre Gema Alonso Antonio Rumeu Page | 7 Thank You! We would like to thank all Club members who join us on this journey and make it all possible with their yearly contribution: Sara Agulló Samaranch Gema Allonso Ulloa Jose Anguita López Lucas Arangüena Davide Arpili Santiago Bañales López Jordi Ber Marti Eric Bernard Feo Jose Bolorinos Cremades Borja Borrero Mayora Gianmarco Broggini Javier Bustinduy Fernandez Willian Cabrera Marcelo Catala Espinosa Mark Cheshire Luis Miguel Ciprés Bandrés Rafael de Cardenas Lopez Benito de Celis Carrillo Jean Jacques Degroof Javier de Lucas Collante Juan Carlos de Pablo Olaiz José Luis del Valle Doblado Luis Deza Gordo Angel Diaz Alegre Javier Donoso Rebuelta Iñaki Ecenarro Iturrioz Benjamín Estévez de Cominges Maria Ferrer Villanueva Patricia Ferruz Aguilar Edouard James Fernández Baillie Pablo Fernández de la Torre Gonzalo Figuera Daniel Freire Jose Cabrera Leandro Gamboa Sanz Luis Garcia Delgado Juan Antonio García Peredo Carlos García Pont Elena Gil Lizasoain Alberto Gomez Arreaza Pedro Alberto Gómez Rodriguez Enrique Gonzalez Campuzano Jose Antonio Gonzalez Carrizo Jorge Graells Ferrández Virginia Guerrero Santo-Tomás Stefan Hamann Ruben Herkovits Belen Hermida Rodríguez Teresa Maria Hernandez Lopez Eugenio Herranz López Ricard Huguet i Galí Fredrik Johnson Joan Llorach Mariné Santiago López De Haro José Manuel López García-Silva Juan Marchini Blanco José Luis Mendoza Zabala Fuencisla Merino Artalejo Carme Miro Croutier Carlos Molina Zamora Pablo Moreno Palacios Joaquín Moya-Angeler Mary Ann Norris Javier Oficialdegui1 Jose Ignacio Orbegozo Landaluce Nicolas Oriol Hoyos Arsenio Otero Perez Elena Pajarin Miguel Palacios Fernández José Ignacio Pérez Arriaga Alvaro Perez de Lema Luis Pita Clara Pombo1 Pablo Aitor Postigo1 David Prósper Cardoso Maria Teresa Pulido Mendoza José Antonio Ramos Calamonte Antonio Rumeu de Armas Cervera Telmo Ribeiro Valido Juan Rosas Rodrigo Ricardo Ruiz de Querol Rafael Ruiz Hernandez Felipe Ruiz López Estefania Sanchez Rodriguez Rodrigo Serrano Agustin Silva Castaño Francisco Silva Castaño Maria Sotomayor Ruiz Francisco Javier Torres Ramirez Carlos Torres Vila Pere-Andreu Ubach de Fuentes Josep Valor Sabatier Juan Vazquez Romero Mario Villa Jesus Villacorta Turienzo Luis Vives de Prada 1 Members who have not made a contribution in 2010 but have committed their annual contribution starting in 2011 Page | 8 We would also thank a number of institutions with whom we have worked together during the year: Fundación Rafael del Pino Fundación everis Fundación Bankinter Gomez-Acebo & Pombo All Club members of the Ryder Club Page | 9