Good practice:

Incubator Parcbit-Emprenbit

The Emprenbit programme provides different facilities and services to support entrepreneurs with innovative ideas. Its services focus on helping entrepreneurs define and validate their business models as well as offer inexpensive office space.
Fundació Bit is the organisation responsible for the implementation of Govern de les Illes Balears R&D strategies and it also manages ParcBit and Centre Bit, providing support and innovation services to SMEs and entrepreneurs. Emprenbit is the program dedicated to foster entrepreneurship and promote the creation of technology and knowledge based companies.

Emprenbit has more than 3.000 square meters between coworking spaces and private offices in Mallorca and Menorca devoted to start-ups, where they can benefit from assessment, training and monitoring services. The incubator hosts startups in the industries of ICT, tourism, biotechnology, energy, culture and creative industries.

The Emprenbit team consists of five FTE experts, assisted by external coaches and trainers. Core expertise of the team is focused on business support, incubation, innovation management, project development, communications, etc.
In 2019, Emprenbit received 64 enquiries from potential entrepreneurs, 32 of which matched the criteria to received support and 21 ended up registering a business. Since 2012, the program has supported more than 350 entrepreneurs and created over 150 enterprises.

The budget of the program in 2020 is 350.000€ approximately, aimed at developing programs and activites that promote the creation of innovative companies and foster the technology-based entrepreneurial spirit in the Balearic Islands.
Human resources needed are covered by the own ParcBit staf

- Creation of a Digital Academy
- Founder of the incubators network at Euroregion
- Annual organisation of Emprenbit Tech Camp
-- Support and offer advice when defining business models
- Support for finding potential partners and alliances
- Support to access to funds
- Organisation of networking activities
- Visibility actions

- Lack of "low-cost" offices for start-ups, entrepreneurs and SMEs, especially at the technological park
- Shortage of specific support services for entrepreneurs and start-ups in the definition of business models
- Very few start-ups and SMEs based at the Technological Park

Some insteresting knowledge to be transferred:
- Innovation support to SMEs and start-ups
- Digital Academy experience
- Emprenbit Tech Camp
- Creation of a network of incubators