Business opportunities in the Basque Country

When thinking about what business is in the Basque Country, it is worth considering what strategic areas are the focus of the institutions. Therefore, the “priority of the Basque government is to provide support new innovative and/or technology-based business projects, preferably of an industrial nature and/or advanced services and linked to our strategic sectors, which are the for us intelligent industry, clean energy and personalized health“, To explain Aitor CobaneraDirector of Economic Development SPRI groupthe Basque Agency for Business Development.

The Euskadi Inter-Agency Entrepreneurship Plan 2024 (PIE 2024) strives to promote entrepreneurship in all its forms, to ensure that projects, businesses and competitive and sustainable jobs emerge and grow, as the engine of a new phase of economic recovery, inclusive growth and sustainable development of the Basque Country.

In addition, “our initiatives are geared towards the Agenda Euskadi Basque Country 2030, demonstrating the Basque contribution to the 2030 Agenda for Sustainable Development approved by the United Nations. Ultimately the Sustainable Development Goals (SDG) They also represent an opportunity to foster the development of new business initiatives based on solutions and technologies that enable us to address the challenges we face,” says Cobanera.

an industrial community

“Our important business structure is and must continue to be a key element as a generator and driver of new business initiatives as well as the introduction of structural change in our economic growth model knowledge-intensive activities, new technologies and advanced services; Development of a globally competitive corporate structure,” continues the Director of Economic Development of the SPRI Group.

“The entrepreneurial ecosystem in Euskadi is being developed in close connection with the needs and opportunities associated with its strategic sectors. For several years in Euskadi we have been promoting and promoting the connection between leading companies in these sectors and their collaboration with startups as a source of innovation».

«Thus, BIND 4.0 is a public-private Industry 4.0 initiative created by the Department of Economic Development, Sustainability and Environment by the SPRI Group, which since its foundation in 2016 has developed into an open innovation program with international reference. One of the main claims of BIND 4.0 is the large cast of 65 partner companies collaborating on the platform. Large companies such as Mercedes Benz, Gestamp, Michelin, Sidenor, Iberdrola, Bridgestone, Coca Cola, Quirónsalud or Siemens Gamesa are actively involved Leading companies in the initiative contracting and development of projects with startups‘, emphasizes Aitor Cobanera.

Technology parks for innovation

That Network of technology parks of Euskadi, composed of the parks of Álava, Bizkaia and Gipuzkoa, is in charge of structuring innovation and technological development in the community.

Its facilities are primarily home to companies in the information and communication technology, electronics, aviation, medical and life sciences, energy and environment, mechanical engineering and automotive industries. But some sectoral ecosystems also stand out, such as life sciences.

In the network of parks and in support of Basque Industry 4.0 strategy, the Advanced Manufacturing Centers are articulatedwhich are small sectoral R&D ecosystems led by leading companies from leading sectors.

Euskadi is considered a region with high innovative powerrecognized by the European Commission for its high impact on innovation in new product sales and employment in knowledge and technology intensive sectors.

energy transition as a company in the Basque Country

That future technology park of Ezkerraldea-Meatzaldea in Bizkaia is a new commitment by the institutions to revitalize the Left Bank and Mining Zone regions with activities related to the energy transition Energy Intelligent Center (EIC) and Industry 4.0, the so-called Fourth Industrial Revolution. The arrival of Petronor in the Ezkerraldea-Meatzaldea Technology Park can create important synergies for the development of innovative economic activities and will serve as a driving force.

The Basque Country is particularly interested in promoting corporate projects or agents operating in fields related to science, technology and innovation, as well as in the fields of RIS3 Specialization Strategy: clean energy, health and life sciences and smart industry, increased mobility and healthy eating. Currently, these RIS3 sectors have a growth forecast of around 7 to 10% worldwide.

You can read more about finding local opportunities here: Regional Opportunities: Which Business Should You Start In Your Autonomous Community?