LisbonChallengeTourismDay-16-AnaFernandez-Segittur
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Travel startup ecosystem in Spain Financing for tourist start-ups Emprendetur Programme Lisbon, July 2014
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Lisbon Challenge Tourism Day was organized by Lisbon Challenge (Beta-i) and Turismo de Portugal to join first time entrepreneurs with seasoned startups, investors and key players in the tourism sector held on July 4 2014, at Microsoft headquarters in Lisbon. Full program here http://lisbonchallenge-tourismday.eventbrite.pt
Transcript of LisbonChallengeTourismDay-16-AnaFernandez-Segittur
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
