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 obtained from the study carried out for companies and entities housed in the University of Valencia Science Park (PCUV). This study was developed by University of Valencia Science Park Fpundation (FPCUV) during 2018 in the framework of the third edition of the Business Development Promotion Program (PIDE).

Specifically, the conclusions have been obtained through a survey conducted to companies and entities installed in the PCUV. 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, referring to the year 2017, have been:

  • Four sectors -'Engineering, Consulting and Consulting',' Agro-Food-Biotechnology', 'Medicine and Health' and 'Information, Computing and Telecommunications'-, concentrate practically 80% of the companies.Especialmente grow the companies dedicated to Engineering, Consulting and Advisory, which go from encompassing 19% of the total in 2015 to a 21% in 2017.
  • 90% of the companies / entities are commercial companies (limited liability companies or corporations).
  • 70% of companies are between 5 and 24 years old and 26% are companies of 4 years or less, which could be considered startups (according to European Startup Monitor).
  • Regarding the year of incorporation of the companies to the PCUV, 50% have been installed in the innovation ecosystem of the University in the last 4 years. 18.3% corresponds to the longest-lived companies, which were installed in a period that varies between 8-10 years. It should be noted that the PCUV began its activity in 2008 with the opening of the Business Incubator.
  • The average value of the figure of assets and liabilities of the companies in the year 2017 slightly exceeds one million euros (1,049,931 €). However, the high dispersion of this variable should be highlighted, with a standard deviation of almost 2 million euros, which reflects the extraordinary variety of companies present in the PCUV. The segment of companies that enter between 100,000 and 500,000 euros turns out to be the majority.
  • The net amount of the turnover generated by the companies located in the Science Park -without taking into account the four largest companies with the most business volume- amounts for 2017 to 48.17 million euros.
  • 84.4% of the companies have less than 10 workers (microenterprises or startups), 13% have between 10 and 50 workers (small companies) and 2.6% between 50 and 250 (medium-sized companies) . The total number of employees in the business area of ​​the PCUV amounts to 520 professionals.
  • Regarding the university qualification of the people hired by the companies of the PCUV, 85.3% have higher university studies, of which 20.6% have a doctorate.
  • Regarding the distribution by gender of the direct jobs generated, in the year 2017, 40% were women.
  • 22.5% of the companies located in the Science Park are headed by women. This value is well above the Spanish average (13.9%) and European (14.8%), according to data from the European Startup Monitor. Most of these companies belong to the Agro-Food-Biotechnology area.
  • Most of the companies installed in the PCUV, 83.8%, do not belong to any business group. Of the 10 companies that are part of a group, 6 of them have headquarters in Spain, 3 in the United States and 1 in Switzerland.
  • 41.6% of companies allocate between 20 and 60% of their budget to Research, Development and Innovation.
  • 44.7% of companies and entities have protected research results. Regarding the companies that protect their research results, 52% of companies have a patent and 69% have at least one registered marl or distinctive sign.
  • The companies of the PCUV accumulate 127 granted patents and 155 requested patents.
  • 43.8% of the companies have made scientific publications during the last 4 years.
  • 81.5% of the companies have developed new products or services or have improved those existing in the last 4 years (design, services, production process, distribution, internationalization and / or sustainability).
  • 41% of companies export or internationalize, that is, they declare having billed services or sales of products abroad in the last 3 years.
  • 76% of companies use their website as a communication tool, followed in terms of relative weight by communication actions in fairs and congresses (61.9%), use of social networks (60.3%), marketing actions direct (44.4%) and internet advertising (42.9%). In fact, 46% of them sell their products and services through the internet.
  • 34 companies (89.5%) use a social network to improve the image and projection of the company (89.5%) and to attract future clients (78.9%).
  • 53.2% of the companies are interested in being contacted by investors to value new financial partners such as private investors, business angels, venture capital funds or similar.
  • 25.8% of the organizations received funding from external investors in the last four years. Of these, only in 3.7% of the cases the investing partners participate actively in the day to day of the activity of the company.

Previous editions

2017 ReportVer pdf
2016 ReportDownload PDF