How we became a EER region
Conselleria de Economía, Industria, Turismo y Empleo
Consellería
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
 5 commercial seaports
international airports
and
2
 514km of coastline
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Innovative Entrepreneurship: we had an excellent platform to
start with
5 Science
Parks
4 European
Business
Innovation
Centers
(CEEIS)
Young
Entrepreneur
Associations
9 Universities
and
Business
schools
Chambers
of
Commerce
Regional Ecosystem to
support innovative
entrepreneurship
8 Business
Incubators/
Accelators
Business Angels
network
14 Institutes
of technology
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However, we visited Boston, Helsinki and Tel Aviv ecosystems to
study best pratices
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After learning from the best, we completed a swot analysis…
OPORTUNITIES
1.
Development of intensive-knowledge services and
high-tech industry as new economic engines
2.
Transformation through continuous innovation of
traditional sectors: Hi-tech to Low tech
3.
Campus of International Excellence: repercussion of
the university system
4.
Self-employment as a driver of the economy and in the
fight against unemployment
5.
Good interplay between the public and private agents
of entrepreneurial system.
6.
Emergence of new sectors with high growth potential
(renewable energy, health care, tourism, environment,
ICT, chemistry and logistics)
7.
Attraction of new customers and investors from emerging
countries in process of internationalization: increasing
attraction of foreign capital
8.
Start of administrative deregulation for business creation
THREATS
1.
Short and medium-term perspectives of slow economic
growth in and other advanced economies. Weak
restarting up of domestic demand
2.
Credit and liquidity constraints. Concentration of Venture
Capital in and
3.
Strong migration of human capital of excellence
4.
Limitation of productive and commercial expansion of
Valencian companies due to their small size and low level
of cooperation
5.
Scant consideration for entrepreneurship and fear of
failure in entrepreneurial activity
STRENGTHS
1.
Geo-strategic position in the Mediterranean area:
Mediterranean Corridor
2.
Powerful tourism sector: Tourism as a role of raising
the profile of the region.
3.
Experience in foreign markets, especially in sectors such
as automotive, food,&agriculture, footwear & ceramic
4.
Important network of traditional SME’s with capacity
for growth and expansion by using new
technologies: nanotechnology, biotechnology and
advanced manufacturing technologies
5.
Strong innovative capacities along with excellent
scientific and academic infrastructure
6.
Large availability of human capital/resources due to
improvements in education. Better academic and training
levels of entrepreneurs
7.
Provision of industrial land in attractive conditions and
excellent access
WEAKNESSES
1.
High unemployment rate, low education level of the
unemployed
2.
Issues of productivity levels and improvements pace: loss
of external competitiveness
3.
Scarce use of human capital, high rate of overqualification and low level of spending on R + D + i
4.
Insufficient business vocations with appropriate training
5.
Difficulties for companies to grow accordingly to the
market
6.
Shortage of big/international companies, as driving forces
in the global economy and in the training of executive
boards.
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…and we started defining the basics
MISSION
“Valencian Region is to promote entrepreneurship culture
and enable sustainable, smart, and inclusive
entrepreneurs through its Industrial and Economic policy,
which should offer citizens and companies a better
environment to create new companies and better quality
jobs “
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VISION
To become a European Reference in Entrepreneurship because of:
1. A coordinated collaborative and cross-cutting model among public
administration, education entities, private sector.
2. 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.
3. A high attraction to talent as a source of innovation and wealth
creation.
4. A high rate of technology transfer among universities, research
institutes and companies.
5. A wide consensus on strategy (Entrepreneurial Valencian Council)
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We have defined our own cross cutting strategy to boost
entrepreneurship
Governance
1. Development of an attractive,
sustainable, effective and
efficient Entrepreneur Ecosystem
2. Boosting intensive knowledge
entrepreneurship in emerging
and traditional sectors
3. Innovative and entrepreneurial
culture committed to the region
International attraction
Entrepreneur Helpdesk
Specialization, efficiency and support throughout
the cycle: idea, start-up, consolidation,
acceleration
Administrative simplification – efficiency
Technology transfer. Interconnection supply –
demand
Global Dimension for entrepreneurship &
innovation
Entrepreneurship for a better Climate
sustainability
Entrepreneurial and innovative culture
Entrepreneurship as a Goal for the Universities
Communication
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Action Plan. Small Business Act
Forward-looking strategy to increase the innovation potential of small
enterprises.
 We completely assist our SME together with our 4 Business Innovation
Centers (BICs) located in Valencian Region in coordination with the key
role played by our Universities(5), our 5 Scientific Parks and our 14
Technological 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.
Conselleria de Economía, Industria, Turismo y Empleo
Action Plan. Financing
In our cross cutting strategy, boosting early stage investment is essential. Good
teams/projects have to have the opportunity to overcome death valley
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Action Plan. Financing
The regional government has deployed financial instruments to support start
ups all along their initial stages under a private co-investment basis
Instruments
Subordinated loans
To co-invest with
Entrepreneurs, friends and family
Business Angels
Venture Capital funds
Participation in VC Funds
Venture Capital funds
Other instruments: microcredit
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Action Plan. Financing
In 3 years, regional government has co-invested 19,4M€ in 159 companies; the
total amount including private investment has reached 59M€
6 deals*
39 deals 2 M€
114 deals 6 M€
11M€
* Only 1 year in place
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Action Plan. Financing
We also participate directly in private funds. We are currently looking for new
participations in VC funds
Office in Valencian Region
MITEF
Fondo
Investment
profile
No office in
Valencian
Region but
investment
commitment
2x
Inveready
5M€
10M€*
3M€
17M€
Technology
transfer
Innovation
driven
companies
TIC
Software
Online
services
Biotech
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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/).
Conselleria de Economía, Industria, Turismo y Empleo
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.
Conselleria de Economía, Industria, Turismo y Empleo
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 1st October 2014 .
Conselleria de Economía, Industria, Turismo y Empleo
This strategy is completely aligned with our industrial policies and
our sectorial specialization (RIS3)
ÁREAS ESPECIALIZACIÓN TECNOLÓGICA
EJES DE
DESARROLLO
Materiales
avanzados y
nanotecnologías
Fabricació
n avanzada
TIC
Biotecnología
Tecnologías
Micro y
energéticas
y
nanoelectróni
ca y fotónica medioambientales
Logística
Turismo y
calidad de vida
EJE 1
CALIDAD DE
VIDA
Promoción de la
salud y sanidad
eficiente
CALIDAD DE VIDA
Agroalimentació
n, cosmética y
productos hogar
EJE 2
PRODUCTO
INNOVADOR
EJE 3
PROCESOS
AVANZADOS
DE FABRIC.
Bienes de
consumo
personalizado
PRODUCTOS INNOVADORES
EJE DE
SOSTENIBILIDAD
Hábitat: La
vivienda y su
entorno
Automoción y
movilidad
PROCESOS AVANZADOS DE
FABRICACIÓN
Bienes de
equipo
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Let´s keep it clear…
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Some good results have already been achieved…

Valencia Region´s strategy awarded as “Entrepreneurial European Region
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-working spaces

1 out of 4 people in adulthood is engaged in any of the stages of the
entrepreneurial process (intention, emerging activity, new or consolidate
activity). GEM report

+120 start ups are accelerated by experienced incubators/accelators

Together with London, Singapore, Seoul and Rio de Janeiro we have been
selected to develop the REAP at MIT (Regional Entrepreneurship
Accelerator Program)
Nevertheless, we are just at the beginning of a transformational
change
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