Posts

Mentions that make everything worth it

Have you noticed how nowadays everythimg is about mixing terms like WORK, PASSION, EFFORT, LOVE? Very nice words indeed, but (lets be clear) tricky to become real in every case.  We are so so conscious about the fact that we are really lucky because we can talk about our jobs with passion… and so we feel very grateful for it!

do_what_you_love

 

Dreams Work

 

That is why when things like this happen, we feel on cloud nine as our passion for our work gets some reward. Great job, team Bizintek! You rock!

How shouldn´t we be happy when Innobasque (the official basque innovation agency) includes us in the list of ‘The 10 basque enterpreneurs thay will make history”?

Y es que… ¿cómo no vamos a estar contentos de que Innobasque nos haya incluído en la lista de Los diez emprendedores vascos que harán historia?

noticia_innobasque

 T H A N K S!    G R A C I A S!   E S K E R R I K    A S K O!

Business Angels, the Future of the Start-ups

A significant part of the customers for whom we develop new prototype products are young start-ups where there is a great deal of talent and ideas, but a lack of financing to get the project underway.

It is true that it is very complicated (and disheartening) to invest energy, effort and money in projects that would have a place on the real market, but which are forced to stay in a drawer because the brains behind them do not have sufficient funding.

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This is exactly what the ‘Business Angels’ try to avoid. It is a really moving term to describe the help and backing that those investment groups provide. Basically, they select start-up projects that are potentially promising and inject capital in the company in exchange for a stake in it.

Furthermore, it is not just a mere monetary relationship, as it is very usual for the angels to get more involved in the project and provide their personal experience in the business managed and development that helps the founding partners on their path towards success.

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Working in tandem, the partners and the investor agree the terms in each case to guarantee that the interests of both are covered. Ultimately, the common goal in the majority of the cases is selling in the medium term, once the project has taken off so that one side can get a return on the investment and the other can develop the full potential of the project.

This financing system is becoming increasingly more common due to the striking proliferation of the start-ups to do with the world of the new technologies.

Some links of interest:

AEBAN

INNOBAN

CRECERMAS