Thursday, February 9, 2023

Strengthening investment and deeper support: Minerva’s recipe for success in a year of uncertainty

The Spanish entrepreneurship sector has to face this 2022 an exercise in uncertainty Wherein the role of all the agents of the ecosystem has been crucial to overcome some of the difficulties faced by the budding companies.

Stringent requirements to access funding have been one of the main hurdles faced by startups. see formula for Restructure their debt and redefine their business plans and strategies They have been consistent this year, especially since last spring.

In this difficult task, the work of accelerators has had to focus on meeting these new demands and Entrepreneurship Program for the Technology Sector in Minerva, AndalusiaPromoted by the Junta de Andalucía and Vodafone, has been one of the key actors that has been clear from the first minute what their priorities of the quick pace were.

[Reestructurar la deuda o morir: la ‘cruz’ del ecosistema startup en un octubre de euforia para la inversión]

“Aware that companies were going to seek support to attract investment, we are strengthening this area to provide startups in the program with a networking environment. With investors with more in-depth support through the launch of four investment platforms about their investment needs, documentation, exposure to industry events etc”.

This is how Gracia Catalina, Director of the Minerva Program explains it to D+I, which deserves that the action is not limited to 2022, but to 2020.”Since the year of the pandemic, our investment sector is gaining momentum.”

Gracia Catalina, director of the Minerva program.

It should be remembered that the Minerva program Launched the first edition of its investment platforms in 2020 online, Since then, it has already done four more, which aim to bring the Spanish investment ecosystem in contact with Minerva startups that are actively looking for investment.

The figures obtained corroborate the success of the action taken by the Public-Private Accelerator: Five out of ten startups get private investment And some of the investment success stories of the program are Woolah, Checkin, Talentfy, Nubentos, Transiop, Bracelet, Lecyle or Livelink.

Notably, at the beginning of the year the University of Sevillian took up the Vuola platform. 5 million euros with a round led by Cia Ventures And most recently, the company LiveLink Motor, with its product for motorcyclists Komobi, completed a €1.8 million round led by Ship2B.

Startups such as Liceo de Farmacia, Nubentos, G2G Algae, Taalentfy, Happymami or Chekin have also been invested in by private entities in recent months. Many of these companies have been selected in investment forums of national relevance, such as Alhambra Venture y Al-Andalus Innovation Summit,

[Siete de cada diez startups aceleradas por Minerva ya innovan en pueblos de menos de 50.000 habitantes]

In addition, in the set Private investment in startups participating in the acceleration program in the first half of 2022 has reached 10 million euros,

This reality leads the director of the program dispel the idea that 2022 was a bad year for entrepreneurship.

“Perhaps what is true is 2022 has undoubtedly been a different year, This is revealed by reports from various reference bodies, such as the South Summit Entrepreneurship Map 2022. To mention one positive fact, EBITDA in Spain is set to grow from 12% in 2021 to 18% in 2022″, points out Gracia Catalina.

“The Spanish entrepreneurial ecosystem is maturing at a significant rate And for this reason, it has resisted the complex economic crisis better than expected”, he added.

Gracia Catalina During One Of The Events Organized By Minerva This Year.

Gracia Catalina during one of the events organized by Minerva this year.

“It can be said that the startup sector has been able to resist the status quo quite well. Startups, entrepreneurs, in general, a great adaptability and flexibilityThey know how to ‘weather the storm’ as they are used to working in an environment where uncertainty is very present.

Regarding the areas that have better resisted the situation, the directors of Minerva are very clear: “Digital solutions are those best adapted to the new business landscapein which teleworking is preferred, and even a new society in which remote training has already been standardized (e-learning) or shopping online,

Digital solutions are those that are best adapted to the new business landscape, in which teleworking, remote training and online shopping are preferred.

Grace Catherine, Director of Minerva

The director also highlighted the traction in the area fintech (digitization of payments) and everything related to it statistics, “The new ‘gold’, of course we’ll continue to talk about concepts like big Dataartificial intelligence or business Intelligence in the following years”.

in this context, “energy, environment or, of course, health“There are other technology areas that are being promoted in response to the larger challenges we face as a society.

Minerva in figures

launched the program nine editions of which eight are finished And one is in the works, which will officially kick off this December. overall they have received 1,550 startup applications From all Andalusian provinces and, in addition, also from outside the autonomous community such as Madrid, Valencia, Bilbao, the Canary Islands or Galicia.

Overall, they have been selected to date 208 Startups Acceleration Program in more 80% casesProjects at the end of acceleration do so in the commercialization phase.

Map Of Accelerated Startups In Andalusia By Minerva.

Map of Accelerated Startups in Andalusia by Minerva.

This ecosystem allows support more than 650 jobs In teams of promoted startups among founders and workers. Business in the absence of knowing official data for 2022 Minerva surpasses startups in 2021 €16.1 million,

modus operandi lean Startups accelerated by Minerva allow those accelerated to validate their business models before launching in the market. “It is based on a very simple premise: Test, spend just enough and learn fastSo that, if the model has to be changed, or as they say in slang, ‘pivot’, or the model is not viable, the investment of time and resources is minimal”, indicates the director.

“Each year the program is improving on the experience of the previous edition, which includes Training material adapted to the present moment and strengthening the advisory areas that have been identified as a priority”, he concluded.

Nation World News Desk
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