While compiling the report on the startup phenomenon in Israel, we came across one company that really caught our attention: Yissum, a 100% private company dedicated to converting the research results of the Israeli university into salable products. We wanted to leave it incessantly until we interviewed one of the founders of Mathlan, a Bilbao-based company that applies mathematical engineering to companies (see exploded view) and that grew out of the University of Deusto.

Lionel Nattes, its finance director, tells us that “Spain has a large number of semi-public or semi-private research centers that carry out long-term research projects. And then there is the university with even longer-term projects. Conclusion? There are many companies where math can add value, but they can’t because they need profitability in the very short term. Why not bring the knowledge that is generally found in R&D labs or at the university to the private sector and with what a private company needs: a return on investment in the short or medium term?”.

Proposing companies specializing in the professionalization of spin-offs in Spain is a bit risky at this point, no matter how compelling the short-term argument may be. One thing is that a system like the Israeli one is born with this model under its arm and another thing, as experts from Spanish technology transfer centers and incubators have pointed out to us, “that in our country it remains in the hands of a private company the administration of public goods”.

So it can be a business to reverse this idea: And companies that have made it their mission to help university spinoffs get their products to market and are looking into university projects for salable products? “They would leave the management of the spinoff portfolio aside and focus on marketing and financial advice without ownership issues,” they suggest.

ideas, business ideas