Some 424 business incubators and 100 accelerators to support Spanish entrepreneurs
The ranking of Funcas and Rey Juan Carlos I University aims to provide an in-depth analysis of entrepreneurship at the national level. In addition, to offer advice to the various agents of the ecosystem in iidentify the best practices developed by the main incubators and accelerators. According to this ranking, the Business Incubator of the Santiago Chamber of Commerce (Galicia) is the best center for business creation in Spain. In second place is the European Business and Innovation Center of Murcia (CEEIM) and in third place is the Vicálvaro business incubator in Madrid.
43% of incubators analyzed and 53% of accelerators achieved survival rate between 70% and 90% for their entrepreneurs.
The report notes that the presence of incubators in Spain (424) continues to consolidate throughout the country. Responses were obtained from incubators belonging to the 18 autonomous regions, 15 of which have centers in the top 25. As for the profile of incubators, 45.2% are located in urban areas and 27.4% in industrial areas. As regards their financing and management, public entities continue to stand out, respectively 25.7% and 55.9%, and in particular town halls. 77.3% have fewer than five workers. The main objective of these entities is the creation of viable businesses (85.7%) and, consequently, job creation (97.6%). Finally, 83% have a general orientation.
Meanwhile, BerriUp (San Sebastián, Basque Country) at the top of the accelerator ranking, followed by the Minerva program in Seville and the Cloud Incubator Hub in Cartagena (Murcia). It is worth highlighting the increase in the number of accelerators participating in the report, from 21 in 2020 to 34 in the current edition, which testifies to the good state of these entities.
The ranking identifies around 100 accelerators concentrated in the autonomous communities of Madrid and Catalonia, followed by the Basque Country, Valencia and increasingly Galicia and Andalusia. With regard to their characteristics, their youth stands out, knowing that 74% of them were launched after 2013. Fifty percent of accelerators originate in the private sector, a percentage which decreased for the third consecutive year -57% in the last report and 62% in the previous one.
Accelerators are small entities, 74% have less than five employees, their acceleration programs last between 3 and 12 months (79%) and they select projects by fixed calls for proposals (64%). Most of them are non-profit (74%). Their priority objectives include economic development and employment in the territory where they are established and the creation of sustainable and viable businesses (65%), followed by open innovation (68%) and technology transfer (41 %).
The fact that profit or profitability does not predominate explains why only 12% of the accelerators analyzed invest in the companies they support. The rest do not offer any type of financing (53%), it is either non-repayable (32%) or in the form of loans (3%).
Impact of Covid-19
The impact of the crisis caused by Covid-19 has been moderate both on the structures of incubators and accelerators and on the companies and entrepreneurs that these entities support. Changing demand for goods and services has affected incubator and accelerator businesses almost equally. So, 43% of companies incubated in incubators have reduced income compared to 38% of companies supported in accelerators.