Tech Spirit Barcelona has gathered ACCIÓ, Barcelona Activa, ENISA, ICO and ICF in a round table on entrepreneurial public financing
- The table has highlighted that all the programs of the participating entities add up to Euros 6,000 of public financing for startups, SMEs and venture capital funds.
Barcelona, 26th of February 2020-. Tech Spirit Barcelona, the initiative born spontaneously after the cancellation of 4YFN and the Mobile World Congress (MWC) and led by Barcelona Tech City, has hosted in its second day a round table on public financing for entrepreneurs moderated by Miguel Vicente, president of Barcelona Tech City, and with the participation of José Carlos García de Quevedo, president of ICO; Jordi Garcia Brustenga, director of operations and strategy of ENISA; Josep-Ramon Sanromà, CEO of ICF; Joan Romero, CEO of ACCIÓ; and Fèlix Ortega, managing director of Barcelona Activa.
All the entities have explained to the entrepreneurs what their programs and available financing lines are. They have also recalled the relevance of understanding the different stages of maturity and the diversity of financing options adapted in this sense.
The participants have agreed in pointing out the need to make an effort to attract private funds co-investment and the entities to coordinate themselves to facilitate startups’ access to financing. In this context, the speakers have stressed the need to focus entrepreneurship in a global way and to facilitate the financing process for entrepreneurs.
The table has concluded sharing with the attendees that all the programs of the participating entities add up to Euros 6,000 of public financing for startups, SMEs and venture capital funds 6,000 million euros of public financing for startups, SMEs and venture capital funds. According to data provided by the participants, this public financing generates a drag effect for private investors with a multiplier of resources by five, that is to say, for each euro of public financing, four euros of private financing are added.