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INVESTING IN THE BASQUE COUNTRY 2010
INVESTING IN THE BASQUE COUNTRY 2010
INVESTING IN THE BASQUE COUNTRY 2010
INVESTING IN THE BASQUE COUNTRY 2010
INVESTING IN THE BASQUE COUNTRY 2010
INVESTING IN THE BASQUE COUNTRY 2010
INVESTING IN THE BASQUE COUNTRY 2010
INVESTING IN THE BASQUE COUNTRY 2010
INVESTING IN THE BASQUE COUNTRY 2010
INVESTING IN THE BASQUE COUNTRY 2010
INVESTING IN THE BASQUE COUNTRY 2010
INVESTING IN THE BASQUE COUNTRY 2010
INVESTING IN THE BASQUE COUNTRY 2010
INVESTING IN THE BASQUE COUNTRY 2010
INVESTING IN THE BASQUE COUNTRY 2010
INVESTING IN THE BASQUE COUNTRY 2010
INVESTING IN THE BASQUE COUNTRY 2010
INVESTING IN THE BASQUE COUNTRY 2010
INVESTING IN THE BASQUE COUNTRY 2010
INVESTING IN THE BASQUE COUNTRY 2010
INVESTING IN THE BASQUE COUNTRY 2010
INVESTING IN THE BASQUE COUNTRY 2010
INVESTING IN THE BASQUE COUNTRY 2010
INVESTING IN THE BASQUE COUNTRY 2010
INVESTING IN THE BASQUE COUNTRY 2010
INVESTING IN THE BASQUE COUNTRY 2010
INVESTING IN THE BASQUE COUNTRY 2010
INVESTING IN THE BASQUE COUNTRY 2010
INVESTING IN THE BASQUE COUNTRY 2010
INVESTING IN THE BASQUE COUNTRY 2010
INVESTING IN THE BASQUE COUNTRY 2010
INVESTING IN THE BASQUE COUNTRY 2010
INVESTING IN THE BASQUE COUNTRY 2010
INVESTING IN THE BASQUE COUNTRY 2010
INVESTING IN THE BASQUE COUNTRY 2010
INVESTING IN THE BASQUE COUNTRY 2010
INVESTING IN THE BASQUE COUNTRY 2010
INVESTING IN THE BASQUE COUNTRY 2010
INVESTING IN THE BASQUE COUNTRY 2010
INVESTING IN THE BASQUE COUNTRY 2010
INVESTING IN THE BASQUE COUNTRY 2010
INVESTING IN THE BASQUE COUNTRY 2010
INVESTING IN THE BASQUE COUNTRY 2010
INVESTING IN THE BASQUE COUNTRY 2010
INVESTING IN THE BASQUE COUNTRY 2010
INVESTING IN THE BASQUE COUNTRY 2010
INVESTING IN THE BASQUE COUNTRY 2010
INVESTING IN THE BASQUE COUNTRY 2010
INVESTING IN THE BASQUE COUNTRY 2010
INVESTING IN THE BASQUE COUNTRY 2010
INVESTING IN THE BASQUE COUNTRY 2010
INVESTING IN THE BASQUE COUNTRY 2010
INVESTING IN THE BASQUE COUNTRY 2010
INVESTING IN THE BASQUE COUNTRY 2010
INVESTING IN THE BASQUE COUNTRY 2010
INVESTING IN THE BASQUE COUNTRY 2010
INVESTING IN THE BASQUE COUNTRY 2010
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INVESTING IN THE BASQUE COUNTRY 2010

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Invest in the Basque Country. Guide for Investors

Invest in the Basque Country. Guide for Investors

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  1. Invest in theBasque Country2010
  2. 0. Contents 1 Basque Country: Quality of Life 5 2 Talent 7Higher Education 7Occupational Training 8Bilingual education and international schools 8 3 Main Sectors 11Priority Clusters 11Sectoral Associations 19Preclusters 22Sectoral Diversification Strategies 22 4 Industrial Subcontracting: easy access to highly specialised companies 25
  3. 3 9 Investment Support 43Grants 43Foreign Investment: legislation 44Investments made by foreigncompanies in the Basque Country 44Labour costs and productivity 45 10 Incorporating a company 47Steps to take 47Legal Formats 49 11 SPRI Network Abroad 51 12 Other bodies to boost competitiveness 53 13 Websites 55 5 Infrastructure and Logistics 27Roads 27Railways 27Seaports 27Airports 28Logistics Centre 28SPRILUR 29Business Innovation Centers 29 6 Technological and Innovation Environment 31Basque Technology Park Network 32Exhibitions and conferences 35 7 Outstanding Projects 37ESS- Bilbao, one of the largestEuropean scientific infrastructures 37Marine energy 38Electric vehicle. Agreements with Repsoland Mercedes-Benz 39 8 Tax and Self-financing Systems: Fiscal Autonomy 41
  4. DemographyPopulation: 2,172,175Population density (Inhabitants per sq. km.) 300.23GovernmentThe Basque Country has its own Parliament.Main cities: Bilbao, San Sebastián-Donostia, Vitoria-GasteizOfficial languages: Basque and SpanishGeography and ClimateLand surface area: 7,235 sq. km.Climate: Atlantic in coastal areas and continental inlandAverage annual temperature: 14.7ºCEconomy (2008 data)GDP (€M): 68,429GDP pc (€): 31,712GDP pc (UE-27=100): 137,2Industrial sector GDP (€M): 17,429,753Exports (€M): 20,279.43Imports (€M): 20,118.01Export behaviour (Exports/GDP): 29.64%R&D spending to GDP ratio: 1.85%Research personnel tooccupied population ratio (EDP): 15.0%R&D spending by companies: 81.1%InfrastructuresAirports: Bilbao, Hondarribia and ForondaMain seaports : Bilbao and PasaiaTechnology parks: (4) Bizkaia, Miramón, Miñano and GaraiaBasque Country – Key DataNowadays the Basque Country is considered one ofthe leading innovation and competitiveness poles insouthern Europe. The UN Human Development Indexplaces us among the foremost European regions andvery positive data may be seen in relevant indicatorssuch as the unemployment rate, the level of incomeper capita, GDP growth, investment in R&D&I and thecommitment to new technologies.Moreover, the geographical, social, cultural and eco-nomic conditions create highly attractive life expec-tations.GasteizVitoriaBilboBilbaoDonostiaSan Sebastián
  5. 5The Basque Country is a modern society that offers high levels of quality of life, advanced education andhealthcare systems and an extensive range of cultural and leisure opportunities.With GDP pc of 31,712 euros in 2008 (137.2 compared to the EU-27 average of 100) and one of thehighest Human Development Index rankings in Europe, Basque society occupies an outstanding positionamong other regions in its surrounding area.The natural heritage is made up of nature reserves and an exceptional coastline, offering a host of possi-bilities for outdoor sporting activities. There are also several golf clubs spread throughout the 3 historicalterritories of the Basque Country.The cultural infrastructures are subject to permanent innovation, with the Guggenheim Museum in Bilbao, amasterpiece designed by the American architect Frank O. Gehry, and an outstanding example of the mostavant-garde 20th century architecture, as its leading exponent.To the east, the city of San Sebastián plays host to the annual film festival, which has been running since1953 and is the most important event in the cinema sector in Spain and Spanish speaking countries.Vitoria prides itself on organising its annual Jazz Festival which, throughout its many editions, has attractedthe participation of leading starts such as Oscar Peterson, Ella Fitzgerald and Sonny Rollins.Meanwhile, the Rioja Alavesa region, standing the banks of the River Ebro and protected by the southernslopes of the Sierra de Cantabria, has a privileged microclimate for vine growing. The Wine Route runsthrough it, visiting several towns in the region, traditionally linked to the wine culture, which still conservethe charm of small mediaeval settlements raised among vineyards and hold an extensive natural, archaeo-logical and artistic heritage. They are also provided with a range of accommodation, culinary and serviceoptions capable of satisfying the leisure and entertainment requirements of the most demanding visitor.Basque cuisine enjoys great international appreciation and there are reputed cooks who have managedto place our culinary culture in a position of prestige on the world map. Chefs like Juan Mari Arzak, MartínBerasategui and Pedro Subijana oversee their own 3-star Michelin restaurants.Authority over public health in Spain has been transferred to the Autonomous Communities. The BasqueCountry has a public healthcare system that provides attention for all and is administered by the BasqueGovernment through Osakidetza, the Basque Health Service, which, according to experts, dispenses thebest healthcare in the whole of the Spanish state, with resources unknown up to now in preventive medi-cine. Life expectancy is slightly higher than the European average and the waiting list for operations doesnot exceed 20 days.Euskadi, the Basque Country, is a committed, competitive and innovative region that forms an ideal envi-ronment for carrying out business activities.1. Basque Country: Quality of Life
  6. 6The skills qualification of the productive workforce is oneof the strengths of Basque business fabric and personneltraining is one of the priorities of public policies.The Basque Autonomous Community (CAPV) currentlystands 3rd among European regions with the highest num-ber of university graduates (population between 25 and 65years of age). REGION % 1 Walloon Brabant (BE) 47.6 2 Inner London 47.5 3 Basque Country - Euskadi 42.5 4 Hovedstaden (DK) 42.0 5 Brussels-Capital Region 41.0 6 Flemish Brabant (BE) 40.5 7 Etelä-Suomi (FI) 40.3 8 Utrecht (NL) 40.3 9 Île de France 38.9 10 Stockholm 38.9 SPAIN 29 EU-27 23Source: Eurostat Regional Yearbook 2009
  7. 7Higher EducationUniversity of the Basque CountryThe successor of the University of Bilbao (1936), it is a public university with campuses in the three terri-tories that make up the Basque Country: Bizkaia, Álava and Gipuzkoa. It provides higher education in manyfields, ranging from Medicine and the Sciences, covering many different specialities, to Fine Arts, Law,Economics and Business Science and Industrial Engineering.www.ehu.esUniversity of Mondragón/Mondragon UnibertsitateaThis is a private university that started its educational activity in 1943. It belongs to and is backed by theMondragón Corporación Cooperativa (MCC) industrial group and is Europe’s first cooperative university.There are three faculties: the Higher Polytechnic School, the Business Science Faculty and the Faculty ofHumanities and Education Sciences, as well as two research centres: Ikerlan and Ideko. It was the firstuniversity in the state to obtain the ISO 9001 quality certificate, in 1995.www.mondragon.eduUniversity of DeustoThis is a private university run by the religious order of the Society of Jesus. It has campuses in Bilbao,San Sebastián and Vitoria offering diplomas, degrees, postgraduate and third cycle studies. One of itsbest known sections has always been the Law Faculty, which has produced many important legislatorsand jurists. The Faculty of Economics and Business Administration, also known as “La Comercial”, is alsooutstanding.www.deusto.esUniversity of NavarraFour further degree courses are offered by the University of Navarra: Industrial (Mechanical) Engineering,Materials Engineering, Electrical, Electronic and Control Engineering, Manufacturing Engineering and Mana-gement, which also has the Higher Institute of Secretarial and Administration Courses, at its two campuseslocated in San Sebastián.www.unav.es2. Talent
  8. 8Occupational TrainingThe Basque Country has an extensive network of centres of excellence in occupational training, leading toa high level of professional skills among the workforce.The association HETEL- Heziketa Teknikoko Elkartea (http://www.hetel.org) groups together an importantnumber of occupational training centres in the Basque Country, which in turn belong to the Basque networkof integral occupational training centres.These centres provide basic training, regulated training cycles and training linked with specific qualifica-tions.The network of integral occupational training centres, characterised by enabling the permeability of theinstitutional training available, promotes worker qualification efforts to the maximum and guarantees thecorrect operation of the integral occupational training system.Standing out among the Singular Technical Institutes for Technological Innovation is the Machine Tool Insti-tute in Elgoibar, a public centre belonging to the Basque Government, focusing on service to industry andto the community through technical training and the dissemination of technology.http://www.imh.esBilingual education and international schoolsThe Basque Country is home to prestigious international educational centres for the pre-school, primaryand secondary education cycles:German School of Bilbao - Deutsche Schule Bilbao www.dsbilbao.orgFrench School of Bilbao - Lycée Français de Bilbao www.c-francaisbilbao.comAmerican School of Bilbao www.asob.esSt. George English School of Bilbao www.st-george.com
  9. 10For more than 100 years the Basque Country hashoused one of the most important industrial con-centrations in the Spanish state and representsone of the most significant financial centres on theEuropean Atlantic axis. Its long industrial tradition,originating in the steelmaking and shipbuilding sec-tors, has evolved towards more technologicallyadvanced sectors.The Basque industrial sector is still highly represen-tative in the national industrial turnover, with muchhigher percentages than would correspond accor-ding to criteria of population (4.65%), GDP (6.3%)and geographical extension (1.5%), etc. Two sec-tors which stand out are steel, which accounts for90% of the sector in Spain, and machine tools,accounting for 80%.SMEs form an extremely varied, dynamic supportindustry and are strongly committed to quality.This extensive network of small enterprises withsub-products for other larger companies, someof which are leaders in their sector, is one of themost attractive features of the CAPV as a place toinvest.The Basque Country was a pioneering region inintroducing a cluster policy. A clusterisation poli-cy was implemented in the CAPV in the 1990s, inresponse to the loss of competitiveness broughtabout by the recession of the late 1980s and early1990s. Its effects on the Basque business fabricwere very positive, to the point that this policy hasbeen strengthened up to the present day.In the Basque Country there are currently 12 priori-ty clusters, which have 3 main ways of funding:- membership fees- sale of services- Basque Government
  10. 11Priority ClustersACEDE- Basque Country Association of the Home Appliances IndustryThe members of the Basque domestic appliances cluster, some of which are world leaders in components(especially in safety components for gas appliances) and finished product, account for 92% of sector tur-nover in the Basque Country and represent 40% of the sector in Spain.The only Basque finished product manufacturer in the sector, FAGOR, occupies the leading places in Spain,France and Poland and is the 5th company among multinationals serving the European market.The members have participated in creating Technology Centres and have their own R&D centres, amongwhich we can highlight: Hometek, oriented towards domestic appliances, and Stirling Development Centre,which is seeking new efficient developments in energy generation and use. The cluster is currently promo-ting a home-oriented Living Lab.ACICAE- Automotive Cluster of the Basque CountryThe automotive cluster in the Basque Country accounts for 30% of the sector in Spain. The specific weightof the only OEM, Daimler Vitoria, producing almost 100,000 vehicles annually with 3,000 employees,stands out.One important characteristic is that the Basque automotive industry is comprehensive, with the entire valuechain in a very small area, from steel makers, capital equipment manufacturers and machine tool builder todie makers and machining workshops, and including universities and research centres.Moreover, the Basque sector is present in all vehicle functions: drivetrain (44%), powertrain (28%), internalitems (26%), structural items and bodywork (19%), external items (7%), electronics (7%) and wheel hubs(3%).The AIC-Automotive Intelligence Center (http://www.aicenter.eu), inaugurated in 2009, is the only valuegeneration centre that is helping the entire automotive sector to cooperate in areas such as knowledge,training, technology, industrial development and new business opportunities.3. Main Sectors
  11. 12ACLIMA- Environmental Industry Cluster of the Basque CountryThe Basque environmental sector accounts for 2.25% of our region’s GDP. The greatest experience of themembers of ACLIMA lies in three fields:- waste: the technical solutions which have been developed are extensive and range from technologiesto process very specific types of waste, and management, including transport and logistics, of muni-cipal solid waste to performing customised R&D projects for waste treatment and recovery. There isspecific experience in the collection, selective treatment and recycling of Waste Electrical and ElectronicEquipment (WEEE), automotive waste management, hydrocarbon recovery, integrated management ofall kinds of hazardous industrial waste, PCB-polluted waste and recovery of waste from the agro-foodindustry.- soil pollution: Eco-industry at ACLIMA has taken part in the construction of internationally pioneeringinfrastructures to enable treatment and storage of polluted soil and has acquired know-how and experien-ce in assessing contaminated land and buildings, as well as in their decontamination and recover, usinginnovative systems.- advanced environmental services: these include environmental advice, environmental policy planning,resisting and adapting to climate change, environmental impact studies, environmental diagnosis andaudits, environmental management systems and legal advice.Important projects:- Carbon Footprint: Measuring greenhouse gas emissions from waste management companies- Assessment of aerosol emission factors in large combustion plants- PROLUX: discharge lamp recycling process improvement- SORMEN: innovative technology to separate non-ferrous metal waste from electrical and electronicequipment- REFLATEK: development of viable technology to recycle latest generation flat TV screens
  12. 13AFM- Spanish Association of Machine Tool ManufacturersIn the European Union ranking of the leading machine tool producer and exporter countries, Spain is inthird place. In the world, it is ranked ninth as a producer and exporter. More than two thirds of the Spanishmachine tool manufacturing companies are located in the Basque Autonomous Community.Basque machine tool manufacturing companies work mainly in the following sectors:- Automotive: highly specialised in machining, press-forming and assembly.- Wind power generation: well positioned in several large-scale applications: rotor bushes, casings, flan-ges, etc.- Aeronautics: leadership in some key applications such as turbine blade grinding, high speed milling,carbon fibre taping, etc.- Rail: producers of complete production and maintenance lines for wheels, axles and bogies, as well asnumerous milling, turning and straightening solutions.AFM also has its own technology unit, INVEMA (http://www.invema.es ), the machine tool research foun-dation and collaborates closely with the Machine Tool Institute – IMH in Elgoibar (Gipuzkoa) and with Pros-chools (http://www.proschools.es ), a consortium specialising in educational technology transfer.ENERGY CLUSTER - Association Cluster of EnergyThe members of the Basque energy cluster account for 23% of Basque GDP.Sector activities cover practically the entire energy value chain, not only in electricity but also in natural gasand petroleum products, with the exception of exploration for and production of fossil energies. In the caseof natural gas, in addition to a regasification capacity of 800,000 Nm3/h, the sector covers products andservices inherent to distribution and consumption. In the case of oil and petroleum products, the BasqueCountry has a refining capacity of 12 million tonnes of crude per year. The electricity subsector is perhapsmore complete because it ranges from generation to consumption, with an installed power capacity fromcombined cycle, coal and cogeneration plants of 3,000 MW and with a very powerful and internationalauxiliary equipment manufacturing sector.
  13. 14As leading companies internationally we should mention:Iberdrola, leading company in the world in installed power from renewable energy sources.Sener is the world leader in solar thermal electric power plants with heat storage.Gamesa is the world’s third largest manufacturer of wind turbines.Petronor is the largest oil refinery in the state.There are many other companies which are internationally established and recognised, especially in thefield of electrical equipment and power electronics.The cluster is also aware of the basic importance of research, which is oriented mainly towards moder-nising electrical networks and transformer substations, as well as electricity generation using renewableenergies such as thermal electric solar, wind, waves and the electric vehicle.PAPER CLUSTER- Basque Paper ClusterThe paper making sector is deeply rooted in Basque production activity and has historically been a consi-derable source of prosperity in many regions.The entire value chain for the paper making sector is present in the Basque Country, ranging from forestryplantations to a sectoral training centre and including manufacturers not only of end product but also ofmachinery and capital equipment for use in the manufacturing process.The sector has been constantly concerned about training for the people who are involved in it, and createdits own training centre more than 40 years ago.Together with Catalonia and Aragón, the Basque Country is one of the three most important paper makingareas in the state and is, without any doubt, the one with the highest concentration of companies workingin the paper engineering and to paper capital goods, equipment and consumables, as well as suppliers/distributors of paper raw materials.Moreover, average export levels in excess of 40% prove that it is an industry open to abroad that competeswith considerably bigger structures on the world market.
  14. 15EIKEN- Basque Audiovisual ClusterThe companies in the Basque Audiovisual Cluster generate strategic projects to consolidate a sector thatis facing a radical transformation worldwide due to digitalisation, with important growth prospects in theso-called leisure and entertainment field.The Basque Country has a public broadcaster, Euskal Irrati Telebista (EiTB), which acts as the driving forcefor the sector. It is the major communications group in the Basque Country, with five television and fiveradio stations, as well as being present on Internet through its extension in different channels 2.0. EiTB isalso the first communications group to be distinguished with the European Excellence Award, in 2009, bythe European EFQM judging panel. Two years earlier the Basque public broadcaster had inaugurated itsnew headquarters in Bilbao, totally digitalised and promoting the Group’s multimedia concept.Two specific audiovisual technology centres play an important role in making the sector more dynamic andkeeping it aligned with the state of the art in new technologies. One of these is VICOMTECH, the VisualCommunication and Interaction Technologies Centre. It is an applied research centre that works in the fieldof interactive computer graphics and multimedia, located in the San Sebastián Technology Park (Gipuzkoa).The other, EUVE, is located in the Miñano Technology Park in Alava. EUVE (European Virtual Engineering)is a technology centre that specialises in Virtual Reality, Television, Virtual Engineering, Meteorology andInformation Systems, Training and Support for Making Decisions.BASQUE MARITIME FORUM- Maritime Industries Cluster (Shipbuilding)The companies in the Basque maritime sector are classed into four mail lines of activity: shipbuilding, fis-hing and merchant vessel operators and auxiliary industry (equipment manufacturers and subcontractors),accounting for approximately 2.1% of GDP in the CAPV.The chief products exported by the Basque maritime sector, some of which are world class references,are FORAN shipbuilding design software, equipment such as engines, pumps, tuna fishing ships, suctiondredgers, offshore vessels, etc.The sector is currently involved in the following important technological projects:- Design of an “Intelligent Fishing Vessel”, based on ecological parameters, respectful with the environ-ment, innovative in its propulsion system and in reducing emissions.
  15. 16- Recyboat: Creation of a system for breaking and recycling disused recreational craft.The present trend is the construction of offshore vessels (oil and gas rigs) and the transport and installationof wind turbines on continental shelves. Smaller but more specialised vessels are being built to provideservice to offshore platforms. The intention is to increase the turnover of the maritime industry in themarine energy field.GAIA- Electronics, Information Technology and TelecommunicationsCluster Association of the Basque CountryBasque companies in the electronics, information technology and telecommunications sector account forabout 5% of the Basque Country’s GDP.The sector is characterised as one with “grey matter”, professional orientation in its proposals and stronglylinked to other driver sectors of the economy, such as energy, transport, public administration, bankingand services. Its main activities focus on the following sectors:- Products and systems: software subcontracting, IT solutions, telecommunications networks / radio,components, hardware subcontracting, power electronics- Services: operations and maintenance / consultancy and engineeringThe chief export products are electronic IT and communications systems intended for:- Improving production activities (industrial process control, data capture systems, security systems, pro-cess monitoring systems, etc.)- Commodity distribution management (control, monitoring and regulation of water, electricity, gas, etc.distribution)- Advanced electronic equipment for energy generation (inverters, safety devices, monitoring and regula-tion systems, etc.)- Electronic equipment for transport (onboard electronics, information systems, energy control systems,etc.)- IT system security (incident management, alarms, antivirus, etc.)
  16. 17- Security in large infrastructures (access control, alarm management, incident monitoring, intelligent de-cision support systems, etc.)- Management IT systems for SMEs (ERPs, CRM, Intelligent Business, document handling, etc.)The main R&D activity of Basque companies in the ICT sector focus on 2.0 service platforms, technologiesfor data exchange between systems, social involvement models in the use of technologies, nanoelectro-nics-sensorics, and development of power electronic components.HEGAN- Aeronautics and Space Cluster of the Basque CountryThe weight of Basque aerospace business accounts for 17% of the sector in Spain. The Basque clustergroups together nearly all the companies in the aerospace sector in the CAPV, of which 98% work in aero-nautics and only 2% on space activity, where SENER stands out.The Basque aeronautics sector includes important TIER 1 companies like AERNNOVA and ITP, specialisingin engines (turbines) and airframes and supplying the main OEMs in the sector (companies like Boeing, Air-bus and Embraer). In addition, there is an auxiliary business framework throughout the entire value chain,made up of more than 50 business groups and companies. The current aspiration is to achieve TIER 1listing at all levels of the value chain.Lost wax casting technology, used by companies in the cluster, enables complex-shaped, seamless, mo-noblock parts to be manufactured.The organisations that form the cluster are present in nearly all the most important international progra-mmes, supplying large fitted airframes, complete engine subsystems and products and services for thespace, systems and equipment sub-sectors. They are capable of managing the complete product chain:R&D, design, manufacture, integration, testing, certification and product support, for world class custo-mers in the sector.The Basque aerospace sector has a specific technology centre, the Aeronautic Technology Centre (http://www.ctaero.com ) and the R&D investment effort made in the last 15 years by sector companies, whichwas 18%, contributing to leadership in the aeronautic certification process, resulting in 100% of the mem-bers and their special processes having EN9100 and NADCAP certification, respectively.
  17. 18UNIPORT- Port of BilbaoThe maritime and port sector in Bilbao fits into the services sector linked to the international business ofindustrial companies, both as exporters and as importers.The most outstanding feature of the port of Bilbao, from the point of view of goods, is the wide range ofspecialisation, as there are specialised companies and terminals for the different types of traffic, whichcan roughly be summarised as follows: containers, conventional cargo, project cargo, solid bulk, hydrocar-bons, LNG regasification and storage, chemicals, liquid food bulk, perishables, vehicles, logistical depotsand storage, bonded warehouses and tax warehouses.With regard to infrastructures, the port of Bilbao has an extensive surface area available, to be increasedby 500,000 square metres of new docking area with a draft of 20 metres before the end of 2011.Largest vessels handledTanker: Hellespont Grand: LOA 378.01 m, draft 21.35 m. Al Andalus: LOA 362.37 m, draft 26.10 m.Bulkcarrier: LOA 282.00 m, draft 17.00 m.Container: MSC Candice: LOA 336.67 m, TEU 9,200Approach channel: 35-23 m draft.Maximum tidal range 4.6 m.Docks with draft up to 32 m.
  18. 19MLC-ITS (Mobility and Logistics Cluster)The mission of the Basque logistics cluster is to achieve comprehensive competitive improvement in ourEurozone through the players and companies involved in logistics and transport, based on cooperation,innovation and interaction.The purpose is to become a meeting place for all the players taking part in the logistics and transport fieldin our Eurozone (Basque Country and nearby geographical areas) in order to enhance their synergies andinnovation in favour of greater sustainability and competitiveness.Sectoral AssociationsThe important relative weight of other sectors gives an idea why some Spanish sectoral associations havetheir headquarters in the Basque Country, due fundamentally to the high concentration of these sectors inthe region. This is the case of the following:AGRAGEX- Manufacturers/ Exporters Association of Agricultural Machinery,Components, Irrigation Systems, Livestock and Post Harvesting EquipmentThe Spanish Association of Agricultural Machinery, Components, Irrigation Systems, Livestock and PostHarvesting Equipment Manufacturers and Exporters was created with the primary aim of promoting salesin foreign markets for its member companies. AGRAGEX has recently been chosen by the Spanish ForeignTrade Institute (ICEX) to carry out an ambitious communications plan in sectors with a high technologicalcontent.The goal is to raise awareness of the image of Spain as a producer country of equipment and machinerywith state-of-the-art technology.
  19. 20AMT- Association of Machine Components/ Accessories ManufacturersThe Basque companies which are members of the Association do not restrict themselves to manufacturingaccessories, components, equipment and tools for machine tools but also produce technology and offer solu-tions, thereby providing a complete service, which is the key to the success of their growth. It could be said thatit is a cutting edge country in machining engineering.The effort that Basque companies put into research, design and innovation, together with fast, customisedattention, has achieved them worldwide recognition and enabled them to diversify their products into important,innovative and complex sectors of the industrial world spread over the five continents, and allowing the BasqueCountry to be placed among the 20 leading producers of machine tool components and accessories in theworld.FLUIDEX- Spanish Association of Fluid Handling Equipment Equipment ExportersThe fluid handling equipment manufactured by Spanish companies is exported mostly to EU countries andthe USA. The foremost export products are seamless steel tubes, cryogenic valves, valves for the chemi-cal and petrochemical industries, tube fittings and flanges.The projects sector covers all fluid handling equipment installed in new facilities for oil, gas, petrochemical,water treatment or other uses. Sales in this field are to the engineering firms (EPC contractors) that makeindustrial, petrochemical and water treatment plants. It is a field with high technological requirements,where flexibility, response capability, the design capability of the company and quality levels play a funda-mental role.FUNDIGEX- Castings Exporters Association of SpainThe Castings Exporters’ Association of Spain groups together foundries that supply rough cast, partiallymachined or completely finished parts in a wide variety of materials and alloys. With the ultimate goal ofincreasing the competitiveness of its member companies through internationalisation, the Associationfocuses its efforts on organising the most representative trade fairs for its members and trade missionsto those markets that offer the greatest business opportunities.
  20. 21HERRAMEX- Hand Tool Manufacturers AssociationThe Spanish hand tool sector is concentrated mostly in the Basque Country. It is a sector with a long ex-porting tradition and pioneering technology. Basque hand tools offer the international market total qualityassurance, based on constant research, high manufacturing technology and a high prestige steel makingtradition.The result is an extensive range of tools, produced with the most suitable alloys, with a design which isaesthetically refined, fully functional and ergonomic and, of course, with a perfect finish and presentation.The leading export products are adjustable wrenches, open end spanners, tubular box spanners, pipecutters, etc. Among the leading companies in the sector are multinational corporations.MAFEX- Spanish Association of Manufacturers and Exporters ofEquipment and Services for the Railway IndustryThe experience and know-how of the companies associated to MAFEX keep the rail sector in a position ofinternational leadership. To face the sector’s current challenges, the Association carries out collective strategicactivities for its members, such as taking part in the most important trade fair in the sector, INNOTRANS.SIDEREX- Steel Works Exporters AssociationSteelmaking, essential for other industrial sectors, has traditionally been a strategic sector for the CAPV. Someof the members of SIDEREX epitomise the maximum technical exponent of this industrial activity, as they havetechnologically state-of-the-art facilities and use exclusive and almost inimitable production processes.Sector members include steel producers, first processors, suppliers of raw materials, consumables and spareparts, as well as engineering firms and manufacturers of machines, equipment and production and transforma-tion processes, and the important distribution sector.
  21. 22PreclustersSeveral sectors, including biosciences, habitat and contract, graphic arts and agro-foods, are currently atthe precluster stage.Sectoral Diversification StrategiesBIOBASQUE AgencyThe Biobasque agency brings together companies whose products and services are basically applicablein the field of human and animal health, although they also have uses in the industrial, agro-food and envi-ronmental sectors.Despite its youth -almost 40% of its members did not exist 5 years ago- this recently formed sector al-ready holds a leadership position in personalised medicine, regenerative medicine and an increasing rolefor sensorics for different applications. The presence of many companies in the entire biopharmaceuticalvalue chain should also be highlighted.NANOBASQUE AgencyThe Basque Government launched its Nanobasque strategy, designed to develop a new sector in thisfield in the Basque economy, in December 2008. The initiative perceives nanosciences and micro-andnanotechnology as instruments that might prompt the transformation and diversification of the Basquebusiness environment. The Nanobasque strategy seeks to increase the presence of Basque companiesand research staff in nanotechnology related markets and initiatives internationally.One of the main assets of the Nanobasque strategy is the CIC NanoGune, the Cooperative Research Cen-tre, created with the mission of carrying out cutting-edge research work in the nanosciences field in orderto contribute to the competitive development of the Basque Country.
  22. 24Metallic and non-metallic minerals1% Food industry 6%Textiles and clothing 1%Wood industry 2%Paper, printing and graphics 5%Oil refining 3%Chemicals 4%Rubber and plastic7%Non-metallic industry4%Metallurgy and metal items29%Machinery11%Electricalmaterial 6%Transport material 8%Other manufacturing 3%Electricity, gasand water 10%Basque Countryindustrial added value
  23. 25There are over 4,000 subcontractors in the Basque Country, representing almost 30% of Basque industrialactivity. The most representative sector is metal-machining and the core activities of this type of compa-nies are metal forming, metal machining and casting.This business fabric responds to the high standards of quality demanded by contractors and nowadaysfocuses on highly specialised activities which require a great deal of technical involvement.It is a highly dynamic sector, linked to the large industrial production groups and increasingly involved inthe technical design of subcontracted production. As a result, we have an increasingly internationalizedsector with growing investment in R&D that forms part of a network of high value suppliers for companiesconsidering setting up in the Basque Autonomous Community (CAPV).The competitiveness of the Basque subcontractor product lies in its quality, rapid response time and theprice-quality ratio.4. Industrial Subcontracting: easy access to highly specialised companies
  24. 26Seaports – Bay of Biscay Goods traffic (M tonnes), 2008Port of Bilbao 39,40Port of Pasajes 4,46Port of Gijón 19,33
  25. 27RoadsThe Basque Country has a modern communications and transport network, facilitating comfortable andspeedy connections with the Spanish State and the rest of Europe. It is located on the international Euro-Atlantic Lisbon-Stockholm axis and is linked to the rest of Europe via diverse routes.RailwaysThe Basque Autonomous Community is linked to the leading Spanish cities by train, via the Spanish RailNetwork (RENFE). There is a direct daily service to cities such as Lisbon and Oporto, Paris and to majorcities in France and Europe from Irún – Hendaya via the French railway network.Moreover, the Basque Country is currently involved in the most significant railway project to date: theso-called Basque “Y”, a high speed corridor that will connect the three most important Basque cities inapproximately half an hour using state-of-the-art trains that will also link up with international long distancelines. These include the present connection at the border town of Irún with the French TGV, which willenable passengers to travel from the Basque Country to Paris in just over five hours and then connect withother European cities.SeaportsBilbao and Pasajes are the two biggest Basque commercial seaports par excellence. They are importantentry and exit centres for oil products, general merchandise, vehicles and iron and steel goods. Nowadays,they are facing the 21st century with deep transformations, both of a physical and managerial nature. Theseaports of Bilbao and Pasajes, with a combined traffic volume of about 44 million tonnes per year, arethe centre of most import and export activities and they occupy the top positions among the seaports ofthe Spanish State.www.bilbaoport.eswww.uniportbilbao.es5. Infrastructure and Logistics
  26. 28AirportsThe Basque Country has one of the most complete airport infrastructures in the Spanish State. Each ofthe three capitals of the autonomous region has an airport: Loiu in Bilbao, Foronda in Vitoria-Gasteiz andHondarribia in San Sebastian, each specializing in different areas, hence complementing one another.The following airlines regularly operate out of the 3 airports: Aer Lingus, Air Berlin, Air Europa, Air Nostrum,Air France, Alitalia, Brussels Airlines, Iberia, Lufthansa, TAP Portugal, SAS Scandinavian Airline, Easyjet andVueling Airlines. There are direct connections with the leading European capitals from Bilbao Airport: Paris,London, Brussels, Frankfurt, Munich, Lisbon and Amsterdam.The gradual increase registered in air traffic and future forecasts have been decisive in determining thedevelopment of an important expansion and improvement investment programme. Bilbao Airport is inter-national and has the highest volume of passengers in the whole of the Bay of Biscay. Its new terminal wasdesigned by the renowned architect, Santiago Calatrava. Vitoria Airport, classified as “First Special”, hasthe second best perishable goods terminal in Europe after Frankfurt and is the consolidation centre for DHLair freight for the Iberian Peninsula and North Africa.Logistics CentreEvery day around 400,000 tonnes of goods are transported in and around the Basque Country. Its strate-gic location combined with a highly industrialized economy means that the region has one of the highesttraffic levels. The goods transportation and distribution centres help to concentrate all the activities in thenational and international commercial logistics chain.The Vitoria Transport Centre (CTV), Zaisa and Aparcabisa, located alongside key road, rail, air and sea-port communications infrastructures, are the three goods interchange centres from where distribution isintegrally managed offering optimum administration of storage operations. The modern facilities providestorage space, load break-up and consolidation services, internal coordination and transport interchangeas well as functioning as goods reception, information and distribution centres.Since January 2006, we must add the Arasur logistics platform, located in Alava (Rivabellosa) next tothe Miranda de Ebro road junction, where the A-68 and A-1 motorways and the Madrid-Bilbao railway lineconverge.These three Basque centres, along with other Spanish, Italian and French centres, form part of the Euro-pean Group of Transport Platforms, which is also known as the “Europlatform” (http://www.freight-village.com ).
  27. 29SPRILURSPRILUR, S.A. was set up in 1995 as a publicly-owned company attached to the Basque Government’sDepartment of Industry, Trade and Tourism.Its main objective is the planning, coordination and design of all the effective reorganization strategies con-cerning the public supply of land, industrial premises and offices in the Basque Autonomous Community.This organization ensures the availability of a wide range of industrial premises and offices throughout thethree historical territories: Alava, Bizkaia and Gipuzkoa.Access to ownership of this type of modular premises is provided at a reasonable and non-speculativecost. The main advantage of this system lies in its funding, via leasing with a purchase option whereby theentrepreneur may opt to purchase the property after a period of 9 years.Business Innovation CentresThe Basque business development agency, SPRI, along with other institutional partners, offers entrepre-neurs the network of Business Innovation Centres, which accompany and channel entrepreneurial initiativesto the market, prioritizing innovative and technology-based initiatives and contributing to the creation of anentrepreneurial culture.There are 5 BICs in the Basque Country:BEAZ- http://beaz.bizkaia.netCEDEMI- http://www.cedemi.netBIC BERRILAN- http://www.bicberrilan.comSAIOLAN- http://www.saiolan.comCEIA- http://www.ceia.es
  28. 30Basque Science, Technology and Innovation NetworkKnowledgegenerationTechnologicaldevelopmentApplicationUniversities(3)• UPV - EHU• Universidadde Mondragón• Universidadde DeustoBERC (3)CIB (2)• BC3• BCAM• BCBL• FundaciónBiofísicaBizkaia• DIPCCIC (7)• bioGUNE• biomaGUNE• microGUNE• marGUNE• nanoGUNE• tourGUNE• energiGUNETechnology Platforms - CCTTTecnalia (8)• NEIKER• ESI• PATRONIK• INASMET• LABEIN• ROBOTIKER• CIDEMCO• AZTIIK 4 (9)• CEIT• CIDETEK• GAIKER• TEKNIKER• IDEKO• IKERLAN• VICOMTeca• AZTERLAN• EuveOtherCentres (5)• LEIA• LORTEK• Sociedadde cienciasAranzadi• CTA• F.T.EnergéticoOPIs (2)• CADEM• ConsorcioESS• BERC, Basic and Excellence Research Centres• CIB, Biological Research Centres• CIC, Cooperative Research Centres• CCTT, Technology Centres• OPIs, Public Research OrganisationsHealth R&D Units• INGEMA• BIOEF• Osakidetza I+DHospitalaria (7)Laboratories (5)• CALEB BRETT• ERAIKER• AZARO Fundazioa• INBIOMED• CFTESTCorporate R&D Units (36)Technology Parks(4)• Álava Technology Park• San Sebastián Technology Park• Bizkaia Technology Park• GARAIA Innovation PoleVenture Capital(2)• SGECR• Seed Capital de Bizkaia
  29. 31Over the past 25 years, the Basque Country, and especially the business sector, has multiplied by 20 itseconomic effort in R&D activities, standing at about 1.85% of the GDP (2008), well above the Spanishaverage (1.35%).Although R&D expenditure is primarily divided between the public authorities (40.3% in 2008) and compa-nies (56% in 2008), it is worth highlighting that 81.1% of this expenditure is implemented by the privatesector, leaving a residual 4% for the authorities. In general, these figures are far higher than the Spanishaverage, due largely to the relevance of the industrial sector and the awareness of the need for technolo-gical innovation.The European Innovation Indicator awards the Basque Country 0.49, hence placing it above the Europeanaverage (0.48 - 2008).The Basque Science, Technology and Innovation Network was founded in 1997 by the Basque Governmentto combine the efforts of all public and private entities that try to promote the use of Science, Technologyand Innovation to improve business competitiveness and contribute to the economic and social develop-ment of the Basque Country.It is currently made up of around 128 Entities, including Technology and Sectoral Centres, Laboratories,Business Units, Universities, etc. which, working together, provide different enterprises and sectors withtechnological solutions and participate in specific developments.Members of the Basque Science, Technology and Innovation Network (RVCTI) actively collaborate with theBasque and European business fabric, participating in European Technological Research and Developmentprogrammes.The Basque Government has taken a decisive step towards transforming the Basque Country into a Euro-pean reference for innovation.Today, agents of the Network are working on the challenge of eco-innovation, which is understood as aprocess in which the environment and innovation feed off each other, establishing synergies to increase thecompetitiveness of Basque enterprises and acting as a catalyst for on-going environmental improvement.6. Technological and Innovation Environment
  30. 32Basque Technology Park NetworkThe Basque Country, pioneer in Spain in the creation of Technology Parks, now has four Technology Parksin a coordinated Network that is one of the most consolidated networks in Europe with a high growthpotential: Alava Technology Park, Bizkaia Technology Park, San Sebastian Technology Park and the GaraiaInnovation Pole. Their design is based on the universally accepted concept of the definition of a TechnologyPark, which combines the location of businesses par excellence, universities and Research and TechnologyTransfer Centres with sustainable high quality environments.The four Technology Parks that form part of the Network aim to:Set up technologically advanced businesses, providing quality spaces.Promote the exchange of technology and knowledge.Promote the creation and development of new technology-based enterprises.Foster cooperation between companies, technology centres and universities.Support innovative and technology-based business development.Boost the internationalization of companies.The Basque Technology Park Network takes an active part in different local, national and international net-works: in the Basque Country: Innobasque, Innovanet, i2Basque.; in Spain: APTE (Spanish Association ofScience and Technology Parks , RTT (Technology Transfer Network), IRIS Network (www.rediris.es/rediris); and internationally: IASP (International Association of Science Parks), Wainova (World Alliance for Innova-tion), AURP (Association of University Research Parks), World Trade Centers Association.Bizkaia Technology ParkThe Bizkaia Technology Park was founded in 1985 (the first Technology Park in Spain) with the backingof the Basque public institutions and the aim of promoting the diversification of industry and the transferand dissemination of technology and innovation. Located just 10 km outside of Bilbao and 3 km from itsinternational airport, the Park is an area of high natural and environmental attraction.This infrastructure will be expanded with two important projects: on one hand, the Science Park of the Uni-versity of the Basque Country, backed by the University and Bizkaia Technology Park, which will be home
  31. 33to the Spanish headquarters of the European Spallation Neutron Source (ESS). In addition, there is the LeftBank Technology Park expansion project, located specifically in the municipalities of Abanto and Ortuella.Bizkaia Technology Park promotes innovation, research and development in its environment through di-verse activities: creation of inter-business relations and cooperation, promotion of the exchange of tech-nology and knowledge, spreading of technology and the innovation culture, support for entrepreneurialactivities and the creation of new businesses, as well as the management of subsidies for R&D projectsfor technology-based enterprises.Alava Technology ParkAlava Technology Park, set up in 1992, is a bid by the Basque public authorities to diversify the Basquebusiness fabric towards businesses of the future. It is located in Vitoria-Gasteiz, the capital of the BasqueAutonomous Community; its excellent geographical location at the heart of an important communicationsnode with the N-1, N-240, the Vitoria-Gasteiz / Eibar motorway, the dual carriageway to Bilbao and theairport, make Alava Technology Park a strategic place for the installation and development of businesses.It has state-of-the-art urban development, with low density construction, which enables a landscaped andclean environment to be combined with innovative and technological business development.Alava Technology Park has diverse internationally renowned technology centres and R&D units which act astechnology transfer agents and offer businesses a wide range of services, for example:- the Aeronautical Technology Centre (http://www.ctaero.com )- Leia, the Technological Development Centre, (http://www.leia.es )- Neiker, the Basque Institute for Agricultural Research and Development, (http://www.neiker.net )- EUVE (European Virtual Engineering) Technology Centre- CIC energiGUNE, Centre for Cooperative Research in Energy.Furthermore, the Technology Park is home to the Alava Businesses an Innovation Centre, CEIA, and theArkaute Agrifood Campus is also located in the Park.
  32. 34San Sebastián Technology ParkSet up in 1994, thanks to the impetus of the Basque public authorities, and inaugurated in 1997, the SanSebastian Technology Park is located in Miramón (San Sebastian), a few kilometres from the border withFrance. Its main objective is to contribute to socio-economic development and hence increase the lifequality of the people living within its environment. The strategy is based on bringing together the economicagents that have a bearing on the generation of technologically advanced projects, such as universities,technological centres and businesses, providing them with appropriate locations and infrastructures.The Technology Park has initiated an expansion project in the nearby town of Hernani. It is currently hometo leading technology centres of international prestige as well as three Cooperative Research Centres:- CIC biomaGUNE, centre for cooperative research in biomaterials has the most powerful molecular ima-ging laboratory in Europe.- CIC tourGUNE, scientific-technological infrastructure set up in the Basque Country for the generation andexchange of knowledge excellence in the area of tourism and mobility.- CIC microGUNE, microtechnologies cooperative research centre.Garaia Innovation PoleSet up in 2007, it is located in Arrasate-Mondragón, Gipuzkoa. Unlike the other three Technology Parksin the network, the GARAIA Innovation Pole came about as a result of the private initiative of MondragonCooperative Corporation, with the backing of the scientific knowledge of Mondragon University, the inves-tigation resources of Ikerlan Technology Centre and the support of public institutions.Garaia Innovation Pole belongs to an environment that has traditionally and still lies in the avant-garde ofthe business world, where the headquarters of some of the most important industrial groups in Spain arelocated. Its aim is to foster cooperation and interrelations between organizations, providing them with aninfrastructure that fosters the exchange of knowledge and its final profitability. For this purpose, it has setup innovative cooperation systems which foster innovation, competitiveness and the sustainable develop-ment of each project.Garaia Innovation Pole promotes research and the development of projects in sectors such as energy,materials technology, business management, electronics, micro-electronics and nanotechnology, ICTs andsurface finishing machines and processes.
  33. 35EXHIBITIONS AND CONFERENCESBilbao Exhibition Centre - BEC (Bilbao)This is an initiative designed to offer the best possible service to exhibitors, visitors and the general public,and is a modern, convenient and functional exhibition site, with an exhibition surface area of 150,000square metres. Bilbao Exhibition Centre is more than just an exhibition site and its configuration offers awide range of formats for the organization of all types of events.Palacio Euskalduna - Conference and Performing Arts Centre (Bilbao)The Euskalduna Conference and Performing Arts Centre is a unique building, one of the flagship projects ofthe new Bilbao of the 21st century. It is a 53,000 square metre multi-purpose centre, located in the centreof Bilbao, designed to host many different kinds of economic-business, institutional, social and culturalevents. In 2003 it received the Award for the Best Conference Centre in the World from the International As-sociation of Conference Centres. This is the highest award that can be received by a Conference Centre.Europa Conference and Exhibition Centre (Vitoria)Due to its technical and construction characteristics, the Europa Conference and Exhibition Centre hasbeen designed to host conferences and meetings with a capacity for between 200 and 700 people.Kursaal Conference Centre (San Sebastian)A spectacular architectural masterpiece by Rafael Moneo, facing the Bay of Biscay, and the epicentre ofthe city’s cultural and conference activity, which hosts 300 events and receives 600,000 visitors eachyear.
  34. 36
  35. 37ESS- Bilbao, one of the largest European scientific infrastructuresThe European Spallation Source (ESS) is a joint European project like other large scientific infrastructuressuch as CERN in Geneva and will be a multi-science facility for advanced research and industrial develop-ment. The ESS can be compared to a large microscope that uses neutrons to analyse different materials,and high-precision instruments mean that detailed research can be carried out under realistic conditions.The agreement between Spain and Sweden, backing a joint project, has turned into one single candidaturewith two headquarters; a central one in Lund and another complementary one in Bilbao. The latter willbe one of the biggest scientific installations in southern Europe and will quickly help to boost the localeconomy.The sub-headquarters in Bilbao is expected to be operational in 2011 and will employ about 80 people.It will house three main facilities:- A test laboratory which will be the main centre for R&D and ESS testing- An accelerator technology centre for the design, development and testing of accelerator components- A software development centre and remote access point with LundThe ESS will open new doors for researchers over a wide area of areas including chemistry, nanotechno-logy, energy, the environment, materials engineering, food technology, biosciences, pharmaceuticals, ITand archaeology.The strength of the Spanish candidacy has always been that it has laid out an R&D strategy as the keycomponent of the project, based on strong commitment to collaboration with the international scientificcommunity in the most important centres of excellence in the world.The R&D programme is a set of global, international, coherent actions, based on three key aspects:- A network of collaborators with top-level experience in construction of large scientific infrastructures.- A clear definition of the research lines to be followed that will help contribute best towards capitalisingon the experience of the collaborators, with the aim of achieving a design update of the Neutron Sourcethat will be built in Lund.- The signing of international cooperation agreements with the most important research centres worldwi-de, to achieve the exchange of knowledge with the scientific community.7. Outstanding Projects
  36. 38Marine energyWave energy: Biscay Marine Energy Platform (BIMEP)The BIMEP –Biscay Marine Energy Platform- is a marine facility for the research, demonstration and ex-ploitation of systems for capturing energy from waves out at sea. The characteristics of the Bay of Biscaycreate exceptionally good conditions for testing the efficiency of new mechanisms and technologies forharnessing wave energy, and the technology is being developed by companies from all over Europe.The BIMEP has the latest underwater systems with a connection to the electricity grid on land and a wholetelecommunications system for systematically collecting and analysing data from the systems that arebeing tested at sea.- Infrastructure for researching and exploiting systems for capturing energy from waves at sea. With con-nection to the electricity grid on land- It aspires to be a flagship research project on marine energy- Total investment of 20 million euros- Operational in 2011- Located in Arminza (Bizkaia)Wave energy plant in MutrikuTaking advantage of the construction of the new sea wall in Mutriku, a plant to use wave energy hasbeen incorporated into the wall, using the technology of an oscillating water column device. This plant,producing 300 kW of energy using 16 turbo-generating groups, is the first with multiturbine configurationin the world. It occupies 100 metres of the sea wall and is close to being finished and connected to theelectricity grid.
  37. 39Electric vehicle. Agreements with Repsol and Mercedes-BenzThe transport sector has become the second largest consumer of energy in the Basque Country over thelast few years, after the industrial sector. It is also a sector in which practically all the energy that it requirescomes from petroleum, in particular road transport.The Basque Energy Board (EVE) therefore, in accordance with the policies and priorities established by theBasque Government’s Department of Industry, Innovation, Trade and Tourism, has laid out a strategy forboosting the introduction of electric vehicles in the CAPV.The agreement signed between the Basque Energy Board (part of the Basque Government) and Repsolin October 2009 aims to focus on the design and implantation of a basic network of recharge points forelectrical vehicles in the Basque Country.Initial phase: June 2010 (analysis of battery recharging technologies and agreement on the most appro-priate sites).Second phase: second half of 2010 (incorporation of a company to construct and run the rechargingfacilities).Third phase: 2011 (deployment of the recharge network).A second agreement has been signed between the EVE and Mercedes-Benz (in December 2009) and it isaimed at the manufacture of electric vans at the plant in Vitoria-Gasteiz.- Vehicle to be produced: van with electric motor and battery with a range of 130 Km.- Delivery of the first vans: October 2010.- Also involved are the Automotive Cluster of the Basque Country (ACICAE) and various Basque technologycentres.
  38. 40Personal TaxesIncome Tax (for residents)Income Tax (for non-residents)Special tax regime for displaced workers (inpatriates)This is a special optional tax regime applicable to those non-residentindividuals who as a consequence of a work contract move to Spanishterritory to carry out a particular job they are specially qualified for, re-lated directly and mainly with the activity of research and development,and who acquire the status of fiscal residents in the Basque Country.This tax regime sets Income Tax according to the regulations for Inco-me Tax for Non-Residents during the tax period in which they changeresidence and the five years after. Therefore, during this period a taxrate of 24% is applied, when the usual tax rate for Income Tax means aprogressive rate with a maximum that could be as much as 45%.Wealth TaxInheritance and Donations TaxCorporate TaxThe general tax rate for Corporate Tax in Spain is 30%, whereas in theBasque Country it is 28%.
  39. 41The tax and financing system of the Basque Country, based on historical regional rights, has its own indi-vidual characteristics.Its uniqueness lies in the Statute of Autonomy, which states that relations of tax and finance matters bet-ween the Spanish State and the Basque Country should be regulated by the traditional regional system ofthe Special Economic Agreement or Conventions.In September 2008, the Court of Luxembourg ratified the full validity of the Special Economic Agreement ofthe Basque Country and the capacity for the region to fix its own taxes, even though they may be differentfrom those set in the rest of Spain.The Economic Agreement rules that the Basque Country has its own tax collecting system with the legisla-tive and administrative capability that is normally held by the tax authorities of a state. It is the Agreementitself that contains all the appropriate rules for fiscal harmonisation that guarantee the even developmentof the different tax systems of the Basque Country and the rest of Spain.The Economic Agreement regulates financial relations with the State Administration, which is ruled by thefollowing general principles:1. Fiscal and financial autonomy for the institutions of the Basque Country.2. Coordination and collaboration with the State in questions of budgetary stability.3. Contribution by the Basque Country to any State expenditure that the Autonomous Region is not respon-sible for.8. Tax and Self-financing Systems: Fiscal Autonomy
  40. 42Foreign banks in the Basque CountryCompany Country of OriginFortis Bank NetherlandsBanco Espirito Santo PortugalBarclays Bank United KingdomCitibank U.S.A.Caisse Regionale Credit Agricole Mut. Pyrenees FranceDeutsche Bank GermanyLloyds Tsb Bank United KingdomBnp Paribas FranceTypes of Employment ContractCONTRACTS FOR A SPECIFIC DURATIONContract for project work or specific servicesTemporary contract to cover production overloadContract to substitute workers entitled to return to their jobTRAINING CONTRACTSWork experience contractVocational training contractCONTRACT TO PROMOTE HIRING FOR AN INDEFINTE PERIODPart-time contractForeign companies in the Basque CountryLabour Costs Monthly labour cost (€) IV-2009 Total Industry Construction ServicesBASQUE COUNTRY 3.078,3 3.476,5 3.208,1 2.919,6SPAIN 2.649,1 2.969,6 2.737,4 2.567,1PRODUCTIVITY per employed person (EU-27 = 100) 1997 2000 2003 2006 2008BASQUE COUNTRY 134,9 132,1 126,7 130,1 132,0SPAIN 108,2 103,6 103,6 102,0 104,8
  41. 43GrantsAid in the Basque CountryThe Sociedad para la Promoción y la Reconversión Industrial, S.A. (SPRI, S.A.) is the business developmentagency of the Autonomous Region of the Basque Country, and it is under the aegis of the Ministry of Indus-try, Innovation, Trade and Tourism of the Basque Government. Its main aims are to promote the countryas an attractive place to invest in, and the promotion of business dealings between foreign and Basquecompanies, matters in which it has great experience after being operational more than 25 years. It consti-tutes a gateway to a wide variety of financial backing schemes, both public and private, for the promotionof projects for starting businesses, with attractive and competitive deals for companies.A wide range of institutional support packages for developing or setting up entrepreneurial projects hasalways indeed existed in the Basque Country, making up a competitive promotion packet that includes:- Entrepreneurship: Financing for new innovative entrepreneurial projects- Financial aid for investment: fostering the modernisation of production equipment, investments in indus-trial machinery and fixed assets, etc.- Management: assistance with finding financial advisers- ICT: programmes directed towards helping with the incorporation of ICT (Information and CommunicationTechnologies) in companies- Innovation: promoting innovative projects in companies at management, market and organisational level- Technology: support for R&D and innovation projects- Internationalisation:- Of Basque companies towards external markets: Individualised services for each company (carryingout market surveys, support for entry into a market, temporary location in SPRI offices abroad, su-pport for commercial and production set-up in foreign markets, etc.)- Invest in the Basque Country: Support service to attract investment, specially tailored to any projectintending to invest in the Basque Country.- Aid for managerial training- Aid for employment- Financial support in order to adapt the financial structure of SMEs- Financing (venture capital, participative loans, pools, development capital companies, business angels,private investment banking)9. Investment Support
  42. 44Spanish state grantsCDTI (Centre for Industrial Technological Development) - Ministry of Science and Innovation (http://www.cdti.es )ICO (Official Credit Institute) - Ministry of Economy and Treasury (http://www.ico.es )INVEST IN SPAIN- Ministry of Industry, Tourism and Trade (http://www.investinspain.org )Ministry of Employment and Social AffairsGrants from the European UnionEuropean Commission (http://ec.europa.eu )European Investment Bank (http://www.eib.org )European Investment Fund (http://www.eif.europa.eu )Foreign Investment: legislationLegislation about foreign investment in general terms can be considered very liberal, although it is so-metimes subject to regulation and involves a certain amount of red tape, as there is an administrativerequirement for the ex-post declaration of investments, for administrative, economic and statistical pur-poses. However, in certain cases of investments proceeding from or destined for countries qualified astax havens, in addition to the aforementioned administrative paperwork you are required to make anotherdeclaration prior to the payment of the investment.Investments made by foreign companies in the Basque CountryThe Basque Country is an attractive region for foreign investment. Its tradition of industry and its know-howcombine with its strategic location, its communications network, its business framework for highly specia-lised subcontracting and it network of energy and technology infrastructures. There are many transnationalcompanies that have opted for the Basque Country for many years now, with the greatest degree of sa-tisfaction, making them the best ambassadors of the Basque Country to the rest of the world. However,
  43. 45during the 1990s and after, both trade and the international financial flows have undergone cyclical evo-lutions, combining periods of great expansion and others of slight recession, which have had their logicaleffect on foreign investment coming into the Basque Country.For the most part, this investment comes from other countries in the European Union. There are currentlymore than 700 enterprises located in the Basque Country with an important or a controlling stake held byforeign companies..Labour costs and productivityLabour costs in the Basque Country reflect a high standard of living and are the result of one of the highestrates of productivity in Europe.
  44. 46Legal FormatsTYPES OF NATURAL PERSON BUSINESSESSole TraderCo-ownershipPartnership CompanyTYPES OF LEGAL PERSON BUSINESSESTraditional companiesWorker-owned companyProfessional companiesTraditional Companies Limited Liability Company Public Limited Company New Enterprise Limited Company Minimum 1 partner Minimum 1 partner Maximum 5 individuals Minimum contribution of €3,006 Minimum contribution of €60,101.21 Minimum contribution of €3,006 and maximum contribution of €20,202Worker-Owned Company Worker-Owned Limited Liability Company Worker-Owned Public Limited Company Cooperative Minimum number of partners 3 Minimum number of partners 3 Minimum number of partners 3 Minimum contribution of €3,006 Minimum contribution of €60,101.21 3.006 €Profesional Company Minimum number of partners 2 €3,006 if a Limited Liability Company / €60,101.21 if a PLC
  45. 47Steps to takeCommercial register:You must apply to the Central Commercial Register (Registro Mercantil Central) for a certificate declaringthe non-existence of any other company with the same name as that which you intend to set up.Financial institutions:Capital outlay for the company must be made, either in cash or against property.Notary:The deeds of incorporation of the company must be signed before a notary.Regional government authorities:It is necessary to take the following administrative steps in the Department of the Inland Revenue of theRegional Government (Departamento de Hacienda de la Diputación Foral):i.- Application for a provisional Fiscal Identity Number.ii.- Declaration for the Census.iii.- Payment of 1% tax on the capital.Provincial commercial register:You must then present the deeds of incorporation of the company in the Provincial Commercial Register.Regional government authorities:Next steps in the Regional Government AuthoritiesOnce the company has been registered, you will need to apply to the Department of the Inland Revenue ofthe Regional Government for the following:• Definitive Fiscal Identity Number• Registration for the Economic Activities Tax (IAE)10. Incorporating a company
  46. 48Administration:In the Department of Labour of the Basque Government (Departamento de Trabajo del Gobierno Vasco)and in the Social Security (Seguridad Social)You may now proceed to communicate the opening of the company’s offices in the Department of Labourof the Basque Government, register the company and its employees, if there are any, with the Social Secu-rity office, and also insure them for occupational diseases and accidents at work.Licences:Steps to take in the municipal council and the Basque GovernmentEach type of economic activity requires different specific steps:At municipal council level:- Municipal Works Licence- Municipal Opening LicenceAt Basque Government level:- There are many types of company activity- Each activity requires its own different paperwork, and it is notpossible to list them all.However, if you contact us, we will provide this information.ICTTwo actions are important in the area of ICT• To reserve a domain on the Internet• To incorporate ICTs into the company.Administrative managementDocuments required for administrative managementAny managerial activity requires that you possess the following documents:• A Registration book and a Visitors book• Implementation of a General Accounting Plan for SMEs.
  47. 49Legal formatsTypes of Natural Person Businesses:SOLE TRADERCO-OWNERSHIPPARTNERSHIP COMPANYIn all 3 cases, there is no minimum contribution, and responsibility to others is unlimited.Types of Legal Person Businesses:TRADITIONAL COMPANIESWORKER-OWNED COMPANYPROFESSIONAL COMPANIES
  48. 50
  49. 5111. SPRI Network AbroadAlgeriaAustriaBulgariaCanadaCroatiaDenmarkEgyptEstonia (Baltic states)Finland (Scandinavian states)FranceGermanyHungaryIrelandItalyIvory CoastJapanKoreaMalaysia and IndonesiaMoroccoNetherlands (Benelux)PhilippinesPortugalRomaniaSenegalSerbia (Balkan states)SingaporeSouth AfricaSwedenThailandTunisiaUkraineUnited Arab Emirates (incl. Qatar)United KingdomVenezuelaVietnamArgentinaBrazilChileChinaCubaCzech RepublicIndiaMexicoPoland - WarsawPoland - WroclawRussiaTurkeyU.S.A.AntennasSPRI offices abroad
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  51. 53Innobasque, the Basque Agency for Innovation, is a private, not-for-profit company which was created tocoordinate and boost innovation in the Basque Country in all areas, and to foment entrepreneurial spiritand creativity. Performing projects to Europeanise its own R&D projects has meant that during the SixthFramework Programme of the European Commission, the return obtained by Basque companies has been41% higher than shown in the Fifth Framework Programme.Ikerbasque, the Basque Foundation for Science, is designed to reinforce the scientific system of theBasque Country by attracting scientists from other countries and by creating Research Centres of Exce-llence.Orkestra, the Basque Institute of Competitiveness belonging to the Deusto Foundation, created in 2006,is designed to support the activity of the public administration, socio-economic agents and all the Universi-ties of the Basque Country in areas related to competitiveness.Orkestra is the result of the convergence of various strategic efforts resulting in an instrument of “coopeti-tive partnership” at the service of competitiveness and prosperity in the Basque Country. The Institute wasfounded to identify the real routes to competitiveness and the wellbeing demanded by the changing andinnovative society of the Basque Country, focussing and accelerating the developments of public policiesand private business agendas through the synergic development of three essential functions: research,interaction and training.12. Other bodies to boost competitiveness
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  53. 5513. WebsitesEducationUniversity of the Basque Country - Euskal HerrikoUnivertsitateawww.ehu.esUniversity of Mondragónwww.mondragon.eduUniversity of Deusto.www.deusto.esUniversity of Navarrawww.unav.esGerman School of Bilbao - Deutsche Schule Bilbaowww.dsbilbao.orgFrench School of Bilbao - Lycée Français de Bilbaowww.c-francaisbilbao.comAmerican School of Bilbao - Colegio Americanowww.asob.esSt. George English School of Bilbaowww.st-george.comQuality of lifeBasque Tourismhttp://www.turismoa.euskadi.netGuggenheim Museum Bilbaohttp://www.guggenheim-bilbao.esBasque Golf Federationhttp://www.fvgolf.comSan Sebastián Film Festivalhttp://www.sansebastianfestival.comBasque Meteorology Agencyhttp://www.euskalmet.euskadi.net
  54. 56GAIA- Electronics, Information Technology and Tele-communications Cluster Association of the BasqueCountryhttp://www.gaia.esHEGAN- Aeronautics and Space Cluster of the Bas-que Countryhttp://www.hegan.comUNIPORT- Port of Bilbaohttp://www.uniportbilbao.esMLC-ITS- Mobility and Logistics Clusterhttp://www.clustertil.comENBOR (HABIC)- Furniture and Accessory Manufac-turer Association of the Basque Countryhttp://www.enbor.comAGRAGEX- Spanish Manufacturers/ Exporters As-sociation of Agricultural Machinery, Components,Irrigation Systems, Livestock and Post HarvestingEquipmenthttp://www.agragex.esAMT- Association of Machine Components/ Acces-sories Manufacturershttp://www.amt.esSectorsACEDE- Basque Country Association of the HomeAppliances Industryhttp://www.acede.esACICAE- Automotive Cluster of the Basque Countryhttp://www.acicae.esACLIMA- Environmental Industry Cluster of the Bas-que Countryhttp://www.aclima.netAFM- Spanish Association of Machine Tool Manufac-turershttp://www.afm.esCLUSTER ENERGÍA- Association Cluster of Energyand Basque Energy Board (EVE)http://www.clusterenergia.comhttp://www.eve.esCLUSPAP- Basque Paper Clusterhttp://www.clusterpapel.comEIKEN- Basque Audiovisual Clusterhttp://wwweikencluster.comFORO MARITIMO VASCO- Maritime Industries Clus-ter (Shipbuilding)http://www.foromaritimovasco.com/http://adimde.es
  55. 57CIC BiomaGUNE- Centre for Cooperative Researchin Biomaterialshttp://www.cicbiomagune.comCIC BioGUNE- Centre for Cooperative Research inBioscienceshttp://www.cicbiogune.comCIC MarGUNE- Cooperative Research Centre in HighPerformance Manufacturinghttp://www.margune.orgCIC MicroGUNE- Microtechnologies Cooperative Re-search Centrehttp://www.cicmicrogune.esCIC TourGUNE- Centre for Cooperative Research inTourismhttp://www.tourgune.orgCIC EnergiGUNE- Energy Cooperative ResearchCentrehttp://www.cicenergigune.esAVIC- Basque Association of Engineering and Con-sultancy Companieshttp://www.avic.esFLUIDEX- Spanish Association of Fluid HandlingEquipment Exportershttp://www.fluidex.esFUNDIGEX- Castings Exporters Association ofSpainhttp://www.fundigex.esHERRAMEX- Hand Tool Manufacturers Associationhttp://www.herramex.esMAFEX- Spanish Association of Manufacturers andExporters of Equipment and Services for the Rai-lway Industryhttp://www.mafex.esSIDEREX- Steel Works Exporters Associationhttp://www.siderex.esBIOBASQUE Agencyhttp://www.biobasque.orgNANOBASQUE Agencyhttp://www.nanobasque.euCIC NanoGUNE- Nanoscience Cooperative ResearchCentrehttp://www.nanogune.eu
  56. 58Alava Technology Parkhttp://www.pt-alava.esSan Sebastián Technology Parkhttp://www.mirmon.esGaraia Innovation Polehttp://www.pologaraia.esInnobasque (Basque Innovation Agency)http://www.innobasque.comIkerbasquehttp://www.ikerbasque.netOrkestra (Basque Competitiveness Institute)http://www.orkestra.deusto.esBilbao Exhibition Centrehttp://www.bilbaoexhibitioncentre.comPalacio Euskalduna - Conference and PerformingArts Centrehttp://www.euskalduna.netEuropa Conference and Exhibition Centrehttp://www.vitoria-gasteiz.org/congresosKursaal Conference Centrehttp://www.kursaal.com.esinfrastructuresBasque Railways - Euskotrenhttp://www.euskotren.esNarrow Gauge Railways - Ferrocarriles de Vía Es-trechahttp://www.feve.esSpanish National Railway Network - Red Nacional deFerrocarriles Españoleshttp://www.renfe.esPort of Bilbaowww.bilbaoport.esPort of Pasajes (Pasaia)http://www.puertopasajes.netAirportshttp://www.aena.esLogistics Platformshttp://www.ctvitoria.comhttp://www.zaisa.comhttp://www.aparkabisa.comhttp://www.arasur.esBasque Technology Park Networkhttp://www.rpte.netBizkaia Technology Parkhttp://www.parque-tecnologico.net
  57. 59SAIOLANhttp://www.saiolan.comCEIAhttp://www.ceia.esDiputación Foral de Bizkaia – Bizkaia Regional Go-vernmentwww.bizkaia.netDiputación Foral de Gipuzkoa – Gipuzkoa RegionalGovernmentwww.gipuzkoa.netDiputación Foral de Álava – Álava Regional Gover-nmentwww.alava.netBilbao Chamber of Commercewww.camarabilbao.comGipuzkoa Chamber of Commercewww.camaragipuzkoa.comÁlava Chamber of Commercewww.camaradealava.comInstitutionsBASQUE GOVERNMENThttp://www.ejgv.euskadi.netBasque Public Administrations Portalhttp://www.euskadi.netSPRI, S.A.https://www.spri.esSGCR, S.A.http://www.gestioncapitalriesgo.comSPRILUR, S.A.http://www.sprilur.esBasque Energy Board - Ente Vasco de la Energía(EVE, S.A.)http://www.eve.esIHOBE (Public Company for Environmental Sustaina-bility)http://www.ihobe.netBusiness Innovation Centres- BICsBEAZhttp://beaz.bizkaia.netCEDEMIhttp://www.cedemi.netBIC BERRILANhttp://www.bicberrilan.com

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