Result Report on the activity of the University of Valencia Science Park's Companies and Organisations

Business activity in the PCUV

This report synthesizes the most relevant results of the business activity developed in the University of Valencia Science Park (PCUV) in the year 2017.

These conclusions have been obtained through a survey of the companies and entities installed in the PCUV. The work has been carried out by technicians of the University of Valencia Science Park Foundation (FPCUV) within the framework of the Program to Promote Business Development (PIDE). This year, as a novelty, multivariate statistical analyzes have been added to further delve into the relationship between the variables under study. In addition, on the occasion of the tenth anniversary of the official inauguration of the Business Area of the PCUV, a specific study has been carried out on the main economic-financial magnitudes of the 201 companies that have been installed in the park since its opening in 2008.

The Objectives of this survey are:
  • To better understand the characteristics of those companies/entities accommodated.
  • To identify success stories, as well as better business practices.
  • To propose innovative solutions in cross-cutting issues, such as financing, training, innovation, internationalisation, marketing, etc.
  • To encourage dialogue and contact between all the business ecosystem participants: administrations, companies, entrepreneurs, financial entities, investment funds, individuals and society in general.
  • To improve the visibility and knowledge of the companies/entities located in the Park in their immediate surroundings.
  • To promote the business growth of those companies/entities accommodated in the Park.
Objetivos encuesta
Business Activity in the PCUVDownload PDF

Conclusions

The Principle Survey Conclusions in 2017 were:

  • 26% of the companies had revenues of less than 50 thousand euros in 2015 (according to the European Startup Monitor, the figures in Europe are 40.9% and in Spain 64.7%), but 21% higher than 500,000 euros (according to the European Startup Monitor in Europe, the figure is19.8% and  5.8% in Spain)
  • There are 4 sectors:  'Agro-Food-Biotechnology', 'Information, Computing and Telecommunications', 'Engineering, Consultancy and Advice' and 'Medicine and Health', which concentrate 80% of the companies.
  • 90% of the companies/entities are commercial companies (Limited liability companies or Public limited companies).
  • 80% of the companies are less than 10 years old, so may be considered start-ups (according to European Start-up Monitor).
  • The average start date of the PCUV companies was 04/05/2010, therefore, they are currently 6 and a half years old.
  • 76% of the companies have entered the PCUV in the last 5 years.  It should be noted that the PCUV began its activity in 2008 with the opening of the Business nursery.
  • The 59 companies which have been recorded through surveys, or through our search in the Mercantile Registry, show 333,357 and 411 workers for the 3 years: 2013, 2014 and 2015 respectively. On average there are 6.9 workers per company, a figure in contrast to the 12 employees per start-up (including Founders) that characterises European start-ups (according to European Startup Monitor).  This highlights the small company size within this group, compared to their European equivalents.  However, (according to the same study) the PCUV companies show a value slightly higher than the Spanish data for the same group (5.1 workers).
  • 90% of companies have less than 10 workers (micro-enterprises or start-ups), 8% have between 10 and 50 workers (small companies) and there is 1 company with 59 workers. There are 3 companies with 50 or more workers (medium-sized companies).
  • Regarding employees´ university qualifications, 85% of the workers have higher university studies, such as university degrees, Bachelor's degrees, Engineering degress, Masters or Ph.Ds.
  • Regarding the distribution by gender of direct jobs in the PCUV, 43% were women.
  • 25% of the companies allocate more than 50% of their budget to Research, Development and Innovation.

 

 

  • 39% of the companies have protected research results.With respect to the companies that protect their research results, 65% opted for patents and 39% for brands and distinctive signs.
  • 12 companies (20%) declare that they have 167 patents granted in total and 66% of those companies innovate, stating that they have introduced new or significantly improved products, goods or services into the market during the 2013-2015 period.
  • 44% of companies export or internationalise, that is to say, they stated having invoiced services or sales of products abroad in the last 3 years.
  • 90% of the companies have a website, of which almost 50% (49.1%) have their website translated into English.
  • 37 companies (63%) use some social network for corporate purposes, although 22 use none.  The social networks used by companies included Twitter, LinkedIn and Facebook.
  • 49% of companies are interested in being contacted by investors to consider new financial partners, such as private investors, business angels, venture capital funds or similar.
  • 18% of companies (11) have obtained funding from the European Union for participating in R+D+I framework programmes in the 3 years 2013-2015.
  • 30% of companies have ideas for proposals to present to Horizon 2020, and 25% of companies would like to participate.
  • 42% of companies have a strategic plan, of which 29% have it in progress.
  • 94% of the companies declared a style of internal management or organisation of a traditional/functional type, or by processes.
  • 54% of the companies have contracted services at the University in the last 3 years and 15% have been contracted by the University in the same period.  76% of the companies are interested in collaborating with the University in the development of R+D+I projects.
  • 78% of the companies are interested in having the University contact them in order to identify areas of common interest to collaborate in the future on R+D + I projects.

Previous editions

2017 ReportVer pdf
2016 ReportDownload PDF