Nearly half of new businesses disappear in the first four years of their life. Among the most common reasons that cause their disappearance are inefficient financial management, lack of financing tools to resort to at all times, problems with the team in general and in particular with partners, lack of leadership and conflict resolution by the managing team, deficiencies in the business model and problems in addressing issues of succession processes and/or transfer of the business.
To overcome this stage successfully, the Department of business development and infrastructures and SPRI offer tools for venture capital, participating loans, guarantees, repayable advances, interest subsidies and we are continuing to work on the extension and improvement of the funding sources available.
Additionally we accompany start-ups in executing their growth plan and expansion of their business abroad, again work which is carried out by the BICs.
Find out about the latest news, subsidies and events
for the new Basque industry