Palma de Mallorca, the frontier between the academic and the entrepreneurship (4th INBIONET workshop)

Feb ,16 2017

The final INBIONET workshop entitled "entrepreneurship", occurred in Palma de Mallorca, at the site of Fundació BIT, during May 2015.

Fundació BIT is the fusion between Parc BIT (Parc Balear de Innovación Tecnologica) with others institutions involved in innovation and development. It is located in Palma de Mallorca, in the Balearic Islands, Spain, close to the local university. Parc BIT is also a part of our INBIONET network. It creates a bound between academic and industry. The purpose of Parc BIT is to help young entrepreneurs to set up their first company within the Balearic Islands. Most of the firms are implicated in sciences, technology, computing or marketing. For instance, CIRCE Crystal Engineering is related to biotechnology. Canal 4 belongs to the field of audio visual. Intelibit is a software company ( Interestingly, powerful corporations established themselves in this park, such as Microsoft. All the businesses are medium to small size. Parc BIT will help these entrepreneurs to set up properly, by providing them offices for more than affordable cost. In addition, it will generate new partnerships for theirs new tenants. Indeed, as we know that it is a concern for young beginners to be known and adapt easily on the market, Parc BIT will arise their networking by creating contacts with multinationals. Altogether, Parc BIT is a good support for these entrepreneurs by improving their conditions.

This workshop was organised by Antonio Viader, the innovation manager of Parc BIT and Alicia Domingo, his colleague. It was composed of different courses related to the world of business which is at the opposite of what we, INBIONET fellows, are doing, academic research. Indeed, Bettina Ernst (part also of our network) explained us, how she created Preclin Biosystems, a biotech company involved in preclinical studies in Lausanne. In addition, we have also been taught, how the European Commission has granted all the research teams, to give birth to INBIONET. Following that, a practical session was organised to make us understanding the key steps to write a successful grant application. To finish, the last part of this workshop ended with a talk about business plans. In order to create a start-up and to find investors, one needs to convince them with a proper business plan. The one, which is trendy currently, is called “business canvas” that we studied in more details during a practical session. This model is characterized by the way to define the key targets to establish your projects. For instance, what customers your product will be designed for, how will you make your product available for them, which resources will you use, what partners will you associate with,…? This workshop was a good way to make us more familiar with the entrepreneurship, as we, academic students, are mostly focused on the research side.

As a conclusion, this workshop has brought me useful information, if in the future, I want to create my own company but also apply to funding grants and make partnerships. I thank Marie Curie Actions for this good opportunity.