By Deirdre Tynan • 06 August 2021 • 13:57
Image: Junta de Andalucia
The Minerva Programme, an accelerator promoted by the Ministry of Economic Transformation, Industry, Knowledge and Universities together with Vodafone, has promoted a total of 183 start-ups since its creation almost a decade ago.
These initiatives have already invoiced almost €11 million in 2020, 41.6 per cent more than in 2019. “This figure reflects the resilient nature of the technology companies that become part of this initiative, which have managed to grow during the first year of the pandemic,” according to the Junta de Andalucia.
The 80 per cent of companies accelerated by Minerva comes to market their products and services at the end of the program. Some 40.3 per cent of start-ups that reach the commercialisation phase have been able to sell their innovative solutions outside of Spain.
Almost half of these start-ups have sold digital services or products oriented to companies and 46.5 per cent have developed business models based on the end consumer.
The Minerva Programme is one of the most recognised business accelerators nationwide. This is confirmed in the annual report prepared by FUNCAS on the services provided by incubators and business accelerators in Spain 2021-2022, in which it classes Minerva as the “first advanced acceleration entity” in Andalucia and in second position nationally.
Thank you for reading, and don’t forget to check The Euro Weekly News for all your up-to-date local and international news stories.
Share this story
Subscribe to our Euro Weekly News alerts to get the latest stories into your inbox!
By signing up, you will create a Euro Weekly News account if you don’t already have one. Review our
Deirdre Tynan is an award-winning journalist who enjoys bringing the best in news reporting to Spain’s largest English-language newspaper, Euro Weekly News. She has previously worked at The Mirror, Ireland on Sunday and for news agencies, media outlets and international organisations in America, Europe and Asia. A huge fan of British politics and newspapers, Deirdre is equally fascinated by the political scene in Madrid and Sevilla. She moved to Spain in 2018 and is based in Jaen.
Your email address will not be published. Required fields are marked *
Downlaod our media pack in either English or Spanish.