Biscay Startup Bay
“Biscay Bay’s B Accelerator Tower (BAT) is an open innovation and entrepreneurship center that acts as a lighthouse of the ecosystem and connects the ecosystem to the main innovation and entrepreneurship hubs in the world.”
Biscay Bay’s transformation from a former industrial and shipbuilding powerhouse to a modern, innovative startup hub continues. At the turn of the 20th century, Biscay was an economic and financial benchmark region in Europe, with growth based on shipbuilding and steel mills and one of the busiest ports in Europe. It has proved capable of transforming itself from an industrially based territory to an international reference point for business and tourism without losing sight of its roots.
Biscay pursues entrepreneurship and innovation as the mainstays of economic and social change through the Biscay Startup Bay strategy, with its B Accelerator Tower (BAT) as the guiding light of an entrepreneurship and innovation ecosystem that has become an international benchmark. BAT opened in September 2022 with the aim of welcoming a community of startups, investors, and training and support organizations. More than an entrepreneurship center, the BAT community is connected to more than 140 international hubs, allowing global leaders to interact to create solutions that will allow them to grow and lead new challenges.
The ecosystem has close ties with entrepreneurial hubs including Austin, Tel Aviv, Helsinki, Berlin and Fukuoka, global leaders in innovation and concentration of startups. It is also connected to Latin America via a partnership with the South Summit and with local players in Chile, Mexico, Colombia, and Brazil. This collaboration connects leading corporations and innovation systems and startups, thus helping to further innovation. Such connections provide access to ground-breaking technologies and talent, and enhance the reputation and brand positioning of all parties, among other values.
Ecosystem by the Numbers
Biscay has earned a reputation as a knowledge hub and an industrial reference center in the field of energy. The ecosystem is committed to reinforcing its referential position and leadership in the energy transition, the diversification of energy sources, the promotion of renewable energy, Smart Grids, and the development of the Basque Hydrogen Corridor. The Energy Intelligence Center was designed to position Biscay as an international benchmark in the field of energy and energy transition.
Industry 4.0 and Future Technologies
The first edition of South Summit’s Ecosystem Builders event, intended to connect key players in the energy transition, Industry 4.0, and mobility sectors, took place in Bilbao in November 2022. Biscay is committed to incorporating innovative technologies to address challenges and to transform the sector. An open innovation platform and startup acceleration program, BIND 4.0 is part of the Invest in Basque Country initiative, promoting, attracting, and investing in innovation and emerging technologies to enhance the entrepreneurial ecosystem and strengthen the digital transformation of industry.
In terms of volume, Biscay is one of the leading producers of mobility in the E.U., with a strong network of skilled suppliers located within a 300 km radius. More than 45% of all Spain's automotive industry output comes from the Basque Country. The sector comprises 300 firms that collectively raise over €18 billion and provide over 40,000 jobs in Biscay. The new AIC-Automotive Intelligence Centre is adding value by encouraging the whole sector to cooperate in areas such as knowledge generation, training, technology, and industrial development.
Reasons to Move Your Startup to Biscay Startup Bay
Beaz provides several support initiatives: the i creation program, which supports the development and definition of new companies or new business units in existing companies; 2i, which support innovation projects, both technological and non-technological, and makes advanced investments; and 3i, which offers support for comprehensive innovation, investment and internationalization projects to improve the competitiveness of companies.
Thanks to its independent regulatory powers, Biscay has a number of tax measures designed to strengthen its economic ecosystem and channel it towards support for innovation, entrepreneurship, and alternative financing.
Biscay is committed to receiving professionals and digital nomads who wish to establish themselves in the region, and offers the conditions necessary to attract, establish ties with, and retain highly qualified people.
Selected Startup Organizations
Startup Genome Members
Diputación Foral de Bizkaia
The government of the Historical Territory of Bizkaia is the Provincial Council, one of the main institutions of the Basque Country. It is headed by the General Deputy and carries out a wide series of functions including tax collection, urban planning, roads and public works, environment cultural heritage, and social welfare.
News from the Ecosystem
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