The two startups, installed in the University of Valencia Science Park, are technology-based companies pushed by research staff from the academic institution
Darwin Bioprospecting Excellence and Smart Induction Converter Technologies are two of the 15 finalists in the 3rd edition of the European program for business growth SCALE UP developed in the Valencian Region by the Valencian Institute of Business Competitiveness (IVACE) with the collaboration of CEEI Valencia.
The jury, formed by representatives of the business ecosystem of the Comunitat Valenciana, must now select the 10 firms that will benefit from the strategic consulting sessions of more than 50 hours offered by this program. As a novelty, this edition will take into consideration how COVID-19 has affected these companies with the aim of providing them with support to face these extraordinary circumstances.
The objective of SCALE UP is to design and focus the growth strategy of companies, increasing their business management capabilities and improving their management skills. The selected companies will be announced in mid-July.
SiCtech technicians at the University of Valencia Science Park. Source: FPCUV
For Smart Induction Converter Technologies, "this program would help us professionalize the company's management, financing and internationalization," says Enrique Dede, one of the founding partners and a leading researcher and teacher in the field of Power and Industrial Electronics. "The promoters of SiCtech are technicians with extensive experience, but we require business knowledge in financial and investment issues, especially in order to make the company grow. We would also like the assigned tutors to guide us in our internationalization strategy, since 100% of our offer is sold to technologically advanced international markets, such as Germany, England, China and India", explains Dede.
For its part, biotech company Darwin Biosprospectin Excellence aspires to be part of this program in order to define its commercial strategy. "We are a company that has grown considerably since we were established in 2017. In fact, what we need now is to establish priorities in the diversity of lines of growth and R&D that we could carry out. We would like the professionals who tutor SCALE UP to help us to have a clear path to follow", says Kristie Tanner, head of R&D Projects.