New Space at Parc Bit for Tech Startups

The #EMPRENBIT programme expands its incubation capacity through ITS funding

What does it consist of?

With the acquisition of an additional 175 m² at Parc Bit, the #EMPRENBIT programme is reinforcing its commitment to supporting tech business projects in their growth phase. This initiative, funded by sustainable tourism tax (ITS), seeks to strengthen the innovation ecosystem in Mallorca.

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Data

PROJECT TITLE IN THE CALL
Support programme for technology-based entrepreneurs of the #EMPRENBIT programme
LOCATION
Mallorca (Palma de Mallorca)
Entity submitting the PROJECT
Govern de les Illes Balears
Entity that executes the project
Conselleria d'Administracions Públiques i Modernització
Project code
ITS2017-008
Total project amount
356.000 €
ITS granted amount
356.000 €
Executed amount
352.267 €
Call year
2017
Execution status
Executed
Purpose
Research (R+D+I)
Budget execution
Executed: 98.95%
Last data request
06.05.2021

The project

For more than two decades, the Balearic Government has been promoting business innovation through Parc Bit, a key facility for the archipelago’s technological development. In this context, the #EMPRENBIT programme has been designed to provide specialist support to innovative startups and SMEs. The project, carried out between 2017 and 2018, focused on expanding the space available to these businesses through by acquiring new premises.

This action served to provide an additional 175 m2 of space specifically for incubating tech startups in their consolidation phase. This new space joins the existing 1,000 m² in the Disset and Naorte buildings, where both startups and companies that have graduated from the programme are based. This expansion helps #EMPRENBIT to continue providing support throughout the entire project lifecycle.

Its services range from business and financial advice to support in securing public funding for R&D&I. The addition of this extra space means startup teams can work more closely together, and also increases Parc Bit’s capacity as a hub for technological innovation.

Thanks to this initiative, the infrastructure supporting tech entrepreneurship in Mallorca is now stronger, helping towards the goal of economic diversification pursued through public innovation policy.