Result Report on the activity of the University of Valencia Science Park's Companies and Organisations
Business activity in the PCUV
We have launched the sixth edition of the Business Development Impulse Program (PIDE) 2021. To participate, access the survey here.
Informe de resultados del PIDE 2020
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 fifth 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.
The main findings of the Program (with reference to fiscal year 2019) have been maintained:
Typology and edition
Seventy percent of the companies are grouped into four areas of activity: "Medicine and health" (25.3 %), "Agrifood-Biotechnology" (19.5 %), "Information, Computer and Telecommunications" (13.8 %) and "Advanced services" (11.5 %).
The most used technologies are "Information, Computer and Telecommunications (ICT)", "Biotechnology and synthetic biology" and "Systems integration and advanced manufacturing".
79.3 % of the companies are commercial companies (limited liability companies or public limited companies).
32.5% of the companies are 4 years old or less, which could be considered start-ups (according to the European Startup Monitor) and 62.7% are between 5 and 24 years old.
Regarding the year of incorporation to the University of Valencia Science Park (PCUV), about 57.5 % have been installed in this Park in the last 4 years. The 13.8% corresponds to the longest-lived companies, which were installed more than 8 years ago.
The average value of the figure of assets and liabilities of the companies in 2019 exceeds one million euros (1,387,641 euros). However, the high dispersion of this variable, with a standard deviation of more than 3 million euros, should be emphasized, reflecting the extraordinary variety of innovative companies present in the PCUV. The segment of companies with revenues between 100,000 and 500,000 euros is the largest (28%).
The net turnover generated by the companiessurveyed - without taking into account the five companies with the highest turnover - amounts to 47.69 million euros for 2019. The average value per company is 1,036,741 euros.
26.3 % of the companies reported having received debt financing (loans or credits).
80 % of the companies have less than 10 employees (micro-companies or start-ups), 12.9 % have between 10 and 50 employees (small companies), 5.7 % have between 50 and 250 employees (medium-sized companies) and the remaining 1.4 % have more than 250 employees (large companies).
In terms of duration, 87.7% of employees have an indefinite-term contract.
With regard to the employees' university degrees, 76.8 % have higher university studies, of which 12.7 % have a doctorate.
Regarding the gender distribution of the direct jobs generated, 28.6 % are women in 2019.
Independent of business groups
Most of the PCUV companies, 86.5%, do not belong to any business group. Of the 5 companies that are part of a group, 3 of them are headquartered in Spain and 2 in the United States.
Innovation and intellectual and/or industrial property
Nearly 30 % of the companies allocate more than 50 % of their budget to Research, Development and Innovation (R&D&I) and 57.6 % of the companies surveyed have carried out R&D&I activities in 2018-2019.
79.5 % of the types of protection of intellectual and/or industrial properties of the surveyed companies are patents, where 87 patents granted, 13 patents applied for and 1 patent in exploitation assigned by a third party are accumulated.
In 2019, 37.8% received subsidies and/or public aid destined for R&D&I.
The main type of innovation of the companies is aimed at products/services.