bilbao bizkaia startup audiovisual
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Land of opportunities for videogame and audiovisual startup companies
Bilbao Bizkaia Startup
Strengths and drivers of Bilbao Bizkaia for videogame and audiovisual startups
Macroeconomic Situation
Strengths
Entrepeneur driven public institutions
Drivers
Strategical Position Friendly towards invest-ment
Market Strength Digital Incubators, space for entrepreneurs
R&D&i Investment, introducing your best partners
Human Capital Access to the most talented human capital
Infrastructures and Connectivity
International events related to videogames and audiovisual economy
Working and Living in Bilbao-Bizkaia Public advisory, all you need
is us
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Strengths of Bilbao-Bizkaia for videogame and audiovisual startups
1. Macroeconomic Situation
Population
Foreign population
GDP per capita
Videogame and audiovisual companies
Employment in videogame and audiovisual
Metropolitan Bilbao: 1,000,000Bizkaia: 1,200,000
7%
€ 28.461 122% EU average
130 Basque companies
2,000
Thanks to its location in the European Union, Bilbao Bizkaia is a strategic hub for the establishment of your videogame and audiovisual startup.
Direct flights to European cities
2. Strategical Position
ParisLondonBrusselsBerlinFrankfurtMunichDusseldorfSttutgartMilanRomeOsloLisbonAmsterdamBarcelonaMadridIstanbulGenevaManchester
3. Market Strength
Spain´s 3rd
strongest region for foreign direct
investment, behind Madrid and Catalonia Almost 700 foreign companies
stablished in the Basque Country
700
People Employed in FDI companies = 11% of working
population
61.000
2008
2009
2010
2011
2012
2013
500 M
1000 M
999 MBasque Gross Investment Flow
INTERACTIVE
EIKEN: Audiovisual Cluster, the support you need for your startup
Basquegame: Basque videogames association, a partner for your startup.
3. Market Strength
Training:
A wide range of trainingpossibilities and promotionof the companies.
Institutional relations: Dialogue with public :institutions for the development of a favourable legal framework for associated companies.
Internalitation:
Activities and events to boost the internationalization and explore new markets.
Funding:
Apporach to the sources of capital (Public and private).
3. Market Strength
EiTB: The Basque radio and televisión broadcaster
€ 131.3 millons budget
78,840 broadcast hours
Internet channel (Basque, Spanish, English and French)
Spanish
Local International
International Spanish Basque Music
960 jobs
Since
1982
529,000 listeners & almost
700,000 citizens watch eitb
daily
• The idyllic beauty of ancient Biscay• Green landscape• Mountainous• Unspoilt beaches• Authentic culture• Accessible
• Municipal office for audiovisual promotion
• Assistance finding buildings, equipment, events and much more…
• Help in obtaining licenses to film in public places
• A striking blend of the old and the new• Competitive• Thriving• Connected• Professional• Passionate
The right place
The right ingredients
Fiscal autonomy • Coming soon for international producers• Cash rebates• No co-pro obligations• TV, cinema and commercials• Designed to meet your needs
Bilbao Bizkaia, the new film capital of Europe?
3. Market Strength
22.3% 97.1% 55.6% 99.7%
Strong videogame and audiovisual consumer market in Bilbao- Bizkaia
Percentage of Basque population having bought software and
videogames online
Investment in photographic and audiovisual equipment
Softwares or videogame products purchased in the Basque Country
by Internet Users
25,100 products purchases
€ 179 invested per household
4.8%
3. Market Strength
Household videogame and audiovisual equipment percentage:
First region in Spain according to
GDP Invested in R&D&i2,19%
Above EU 2020 objectives
More than € 170 mill. per year allocated for Research, Development and Innovation in Bilbao Bizkaia
Basic & excelence research centresInnovation
Support Sub System
University and
Scientifici Sub-System
Technological Development Sub-System
Centres for cooperative research
Technological centres
Research & innovaction bussiness units
Laboratories & health r+d centres
Intermediate bodies
Supporting infraestructures
Universities
Rese
arch & Development & Innovation
Basque Ecosystem: Videogame & Audio
visu
als
34
28
14
64
19
9
7
4. R&D&i
Technology Park of Bizkaia
Stablished companies 219
Workforce 7,647
R&D employees 27%
Global income € 2.455 mill.
Advanced science, technology and innovation system.
5. Human Capital
The Basque University Education is referent within the European Higher Education Area.
3rd European Region with the
highestnumber of university graduates
67,551 University Students
32% Technical Studies
7,784 videogame and audiovisual sector related university studies
Young people with university degree
Bizkaia 43%Europe 24%
Deusto
MONDRAGONUNIBERTSITATEA
1
2
3
45
6
7
1st school in the world to offer a bachelor’s degree
in game development
Students have won 27 awards at the annual Independent Games Festival (IGF)
Student’s games have competed in the Professional category at the IGF
Specialised Certificates
• Advanced Certificate in Game Programming
• Advanced Certificate in Digital Art and Animation
Applied Learning
DigiPen graduates are top developers throught the games industry
Students from all over the world
Specialised Degree Programs
• Bachelor of Fine Arts in Digital Art Animation
• Bachelor of Science in Computer Science in Real-Time Interactive Simulation
Training Students
5. Human Capital
5. Human Capital
• Computer engineering
• Telecommunications engineering
• Telecommunication engineering
• Informatics engineering
• Format Telecommunication engineering
• Audio-visual Communication
• Technology and Telecommunications engineering
• Management informatics
and Informational System engineering
• Computer engineering
• High performance computing
• Telecommunication engineering
• Computational engineering
and intelligent systems
• Advanced computer systems
• Multimedia communication
• Contemporary technological and performance art
• Computer Engineering
• Telecommunications Systems Engineering
• Audiovisual Communication
• Digital marketing
• Bachelor of Science in Computer Science in Real-Time Interactive Simulation
• Bachelor of Fine Arts in Digital Art and Animation
Art CoursesAnimation CoursesFilm CoursesInternship CoursesMusic CoursesProjects CoursesComputer Science CoursesComputer Graphics CoursesGame Projects CoursesCommunications Courses
Degree
Master
Deusto MONDRAGONUNIBERTSITATEA
6. Infrastructures and connectivity
Metro and tram:
1.000 million users per year. Three minutes frequency. Complete coverage of metropolitan area.
High Speed Train,
will start operating in 2018: Madrid in 2 hours, Paris 5 hours.
Road Connections:
Excellent transport links, which connects all municipalities in less than 40 minutes by road or public transport.
Airport:
more than 4 million passengers per year. 10 minutes from Bilbao city centre (12 Km).
Bilbao international airportRoad connectionsNetwork of railway linesMetro & city tram
• Human Development Index Bizkaia• Above UE average rate, 0,738.
• High quality health care• Longest life expectancy in the EU.• Free and universal health system,
reference as a quality service.
78,2 85,1
7. Working and Living in Bilbao-Bizkaia
1st
LivCom Prize in the category of Enhancement of the Natural and Built Landscapes
1st
Lee Kuan Yew World City Prize 2010 (Nobel Prize of
Cities)
1st
Best Urban Practices Award
(Expo 2010)
1st
Città d´Acqua, Biennale
di Venezia Architecture
7. Working and Living in Bilbao-Bizkaia
1 M annual visitors at Guggenheim Museum
Cultural Assets declared World Heritage by UNESCO
Beach 10 minutes away from city centre
53% of its surface covered with trees.
Natural Assets declared as Biosphere Reserve by UNESCO
Bilbao is the 3rd most sustainable City in Spain
28 Michelin Stars in 2014
Bilbao is a reference in the European Art Network, and it complements the Bilbao-Bordeaux-Madrid Art Axis.
Culture Nature Gastronomy
Drivers for a videogame and audiovisual startup in Bilbao-Bizkaia
1st
City with the best e-Administration in Spain according to the Internet Users Association (2010)
1st
Most transparent city in Spain in 2008, 2009, 2011 and 2012 according to Transparency International
1st
Rigorous economic policies and strategic budget to ensure a stable economic network (zero debt, paid in 30 days)
4th
Southern European city in the overall and FDI strategy categories in the FDI European Cities and regional of the future ranking (2014)
1. Entrepreneur driven public institutions
Openness
Transparency
Security
Investment
Winner of the EPSA-European Public Service Award (2011)
1. Entrepreneur driven public institutions
Three public companies committed to videogame and audiovisual startups in Bilbao-Bizkaia.
Advice in obtaining licenses and permits
Obtaining visaConnectivityTrademarkPatenting
Funding & subsidiesConstitution (PAE)LocationAdvisoryHiring
Expedited incorporation: 2-3 days. Cheap incorporation: 100 € Accompanying notary signatureAdministrative documentationAdvice on legal forms
A consultant beside you 24/7
Centralised Point to help entrepreneurs
2. Friendly towards investment
Bizkaia legislates on direct taxes and establishes tax incentives and deductions for its businesses.
Investors in startups 60% deduction in investment related taxable income
Creation of employment 4,900€ per person
Economic Interest Grouping (EIG) 30% deduction
Incentives related to funding (all companies)
Technological Innovation 15-20% (with Technological centres)
Tax Incentives for companies investing in startups:• Reduction in the tax base (60% of the invested amount)• Purchase of shares: maximum 100.000€ per investment
Research Development 30-50%
New Non-Current Assets 10% (5% in asset improvement)
Environmentaly sustainable projection: reduction in taxation (10-30%)
General tax 28%
Reduced to 24% for SMEs
Tax Deductions
3. Digital Incubators, space for entrepreneurs
A wide space offer in Bilbao to incubate videogames & audiovisual startups.
Preincubation
Design Kabi.200m2 (€1/day) 20MB
Biscaytik. 1,200m2 20MB
Acceleration
KBI Digital. 1.100m2 (€85/month/person) 20MB
Located in Bilbao City CentreMentoring and training planAcceleration servicesPrivate investor networkCourses on digital business issuesAccess to leading companies
Growth
Kabi 612.5,600m2 (4.5€/m2/month) 20MB
Elkartegiak. (3-9€/m2/month) 20MB
4. Investment, introducing your best partners
Public institution’s strong commitment to creative industry
4,000,000 € invested to support startups in creative industries
31% audiovisual startups
17% videogame startups
11.2€ estimated turnover after support
110 estimated jobs generated after support
Bizkaia Creativa
Specific program to boost creative industry startups
4. Investment, introducing your best partners
Specific public funding for every stage of the company life cycle.
250kNETs
110kproject concept
250kSeed Capital
Bizkaia
500kEkintzaile XXI
600kElkano XXI
1500kGauzatu
180kCorporate
constitution
100kBasque Fondo
25kMicro credits
95kIncorporation
80kBC
projects
80kInnovative
projects
50kEquipement
purchase
120kInternatio-nalisation
400kBasque Fondo II
Grant
Loan
Capital
REV
ENU
E
TIME
Angels, FFF
Seed Capital
Early Stage
Valley of Death
VCs Acquisitions/Mergers& Strategic Alliances
Pre-Seed Capital
Later Stage
* Maximum amounts for each funding tool. Some of them would be subject to the European minimis rule.
4. Investment, introducing your best partners
Private funding agents in Bilbao Bizkaia are extremely proactive in searching startups to invest in.
200kBusiness Angels
Network
150kSeed Funds
300kENISA
Entrepeneurs
>150kCDTI
Innovation
50kFinancial Entities
25kSocial
Entities
Endorsament
Loan
Capital
REV
ENU
E
TIME
Angels, FFF
Seed Capital
Early Stage
Valley of Death
VCs Acquisitions/Mergers& Strategic Alliances
Later Stage
250kSpecialised
funds
1,500kMutual Guaran-
tee Societies
Private investment funds operating in Bilbao Bizkaia:
START DMCArgi Industrial Partners / UPLIFT S.L.MicroWave VenturesEmprendizaSamsung Venture InvestmentKereon partnersAbra Invest S.L.Crecer +Bulka Business AngelsInceptionOnzaVitamina kEntrecanales Sitka CapitalFaraday Ventures PartnersOnetoOne Corporate FinanceDUMA AsociadosTaldeEkarpenCaixa Capital Risk
* Maximum amounts for each funding tool. Some of them would be subject to the European minimis rule.
Finance Advice Training Prizes
Micro credits and other instruments
BBVA Innovation Centre
Yo soy empleo BBVA Open Talent
Micro credits and other instruments
Startup advice BBK Fundazioa BBK Ideas competition
Diverse financial products
Entrepreneur advice Gaztelanbidean New business ideas competition
Caixa Capital RiskMicroBanck
Advice for different entrepreneur profiles
Entrepreneurship programmes
XXI Entrepreneur awards
Financial instruments Specialized advice Trainning Courses Bstart up
4. Investment, introducing your best partners
Financial institutions in Bilbao-Bizkaia offer much more than just funds.
5. Access to the most talented human capital
A videogame and audiovisual company can take advantage of tax benefits from employment
Public Institutions promote Training on the job
1M€ aids/year.120 professionals/year.
30% of the gross salary (Up to € 9,000 per person).Up to 90,000€ subsidy per company when emplo-ying staff.
Enterprises paying Social Security generate a credit in order to invest in training for employees.
Public Institutions also offer subsidised training programmes for Basque employees, including specific programmes in R&D&i.
Through our subsidiary Bizkaia Talent, we attract foreign qualified personnel.
Benefits of hiring talent
* In addition to all thisbonus in Social Security Tax for researchers: 40% of the company¨s contribution for common contingenices
5. Access to the most talented human capital
No work permit needed
Work permit + Visa
Foreign Employees
Job Offer Company Registration
Residence and Work Permit Residence and Work Permit
Visa Visa
Foreign Entrepreneurs
UENon UE
14/2013 Law for Entrepreneurs support and their internationalization
WHO:InvestorsEntrepreneursHighly qualified professionalsR&D&I developmentIn company transfer
WHERE one-stop-shop):Residence authorisation: Strategic Collective Unit-Ministry (resolution in 20 days)Visa: Spanish consulate country of origin(resolution in 10 days)
HOW:Passport or identity document (applicants must be over 18)Medical insurance accreditation documentCriminal record certificateEconomic means accreditation
6. International events related to videogame and audiovisual economy
An event to reward the best video games, both fun and serious.
The most important European event based on videogames.
AWARDS:Known as the “Oscars in videogames” in the sector, rewarding the work of producers, directors, artists and developers.
CONGRESS:Directed towards professionals, speakers will be leading people on reference companies in the sector.
FUN ZONE:The playful side of the Festival (over 10.000 assistants)
Press Clipping
News 946
References 951
Audience 151,218,400
Valuation € 2.455.276
6. International events related to videogame and audiovisual economy
Videogames Audiovisuals
Facilities to host international events
Uztailaren 24tik 27ra -del 24 al 27 de Julio
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DEPARTAMENTO DE DESARROLLO
ECONÓMICO Y COMPETITIVIDAD
EKONOMIAREN GARAPEN
ETA LEHIAKORTASUN SAILA
International events in Bilbao-Bizkaia
7. Public Advisory, all you need is us
For further information contact: foreignstartups@beaz.net
SPRI S.A. is the Business
Development agency of the
Autonomous Region of the
Basque Country, to promote
the country as an attractive
place to invest in, and the
promotion of business
dealings between foreign
and Basque companies.
Beaz S.A.U. is the company
of the Department of
Economic Promotion of
Biscay´s Provincial Council,
responsible for the
development of innovative
business projects and the
fostering of high growth
startups, both local and
foreign.
Bilbao Ekintza is a
Local Business Public
Entity (EPEL) created to
generate economic and
social wealth in the city,
enhancing its capabilities
as a destination for
investment, business
creation and growth,
attracting visitors and
talent.
European Union
European RegionalDevelopment Fund
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