Travel startup ecosystem in Spain

Financing for tourist start-ups

Emprendetur Programme

Lisbon, July 2014

NEW TECHNOLOGIES

KNOW-HOW

ENTREPRENEURS

INNOVATION

The State Company for Tourism Technology and Innovation

Management , PLC (SEGITTUR), is attached to the State Secretary for

Tourism, and so the Ministry of Industry, Energy and Tourism. Its main action

is to boost:

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Spanish touristic context

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Employees

2,1M440.00018.0001,7M60.0009.000440.00018.0001,7M60.0009.000

Companies in the sector

440.00018.0001,7M60.0009.000

Hotels

440.00018.0001,7M60.0009.000

Hotel Places

440.00018.0001,7M60.0009.000

Catering Companies

440.00018.0001,7M60.0009.000

Intermediary companies

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96%73%90%96%73%90%SMES

96%73%90%Micro - SMEs

96%73%90%Family-owned

Spanish Startup Community

Spanish startups community. Features:

• 3.000 startups.• Geographic concentration in Madrid, Catalonia and the Community of

Valencia• 63 accelerators

• 71 incubators

And…what about

funding?

Private equity andVenture Capital

Spanish startups community. Funds:

3F Business Angels

Family OfficeCrowdfunding

Venture Capital?

Venture Capital

Total funds Nº transactions

Source: Anuario ASCRI 2014, ASCRI Source: Anuario ASCRI 2014, ASCRI

Preferred destinations for private equity in Spain

Public financing for tourist startups

Emprendetur Programme

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Objectives of the programme

To aid the development of innovative business models that improve competitiveness and profitability in the Spanish tourist sector.

To promote the incorporation of innovative young entrepreneurs into the fabric of tourist business.

To support the start-up of innovative projects developed by young entrepreneurs.

Emprendetur Young Entrepreneurs Programme

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Programme characteristics:

Under 40 years of age (partner average), and an SME in existence for less than 2 years. Interest rate determined in the official announcement

5 years for repayment; 2-year grace period Up to €1,000,000. Maximum of up to 100%, with the Net Assets limit No guarantees

Emprendetur Young Entrepreneurs Programme

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Emprendetur R&D+I Programme

Objectives:• Research and development applied to products in the tourist sector. • Strengthen R+D+i processes in the tourist sector. • Development of innovative tourist products that improve the competitiveness and

profitability in the Spanish tourist sector. • To provide companies with access to innovative developments • Internationalisation

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Emprendetur R&D+I Programme

2 subprogrammes

R+D SUB-PROGRAMME: focused on R+D projects relating to technological innovation and tourism. INNOVATIVE PRODUCTS SUB-PROGRAMME: focused on projects focused on development of innovative products relating to technological innovation and tourism.

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Programme characteristics Spanish companies.

Interest rate determined in the official announcement.

5 years for repayment; 2-year grace period

Up to €1,000,000. Maximum of up to 75%, with the Net Assets limit

Guarantees: 36%

Emprendetur R&D+I Programme

SUCCESS STORIES

MyTwinPlace

Coolbook

WeSmartPark

BeOnPrice

Ana Fernández Casado

ana.fernandez@segittur.esinnpulsa@segittur.es

@InnpulsaTurismo

www.innpulsaturismo.es