UNINOVA
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R+D results detection
The starting point of UNINOVA´ s activity is an innovative project, result of the USC research potential. UNINOVA carries out a labour of monitoring and identification of USC research projects, which have potential to become innovative products.

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Drawing up of a business plan by an experts team
A business plan is a written document which reflects all necessary aspects to set in motion our business idea. The business plan includes the economic-financial and commercial viability of the project, the necessary human resources to develop the activity, the most suitable juridical form, the target market, etc.
The business plan is a very useful tool for the project promoters because it will help them to:

    - Clarify and contrast the initial ideas
    - Contribute a solid document of viability to provide to any organism or bank in the event of asking for a loan
    - Enclose as a business card before potential partners and clients

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Financing
Business initiatives set up in UNINOVA´ s incubator have several financing alternatives:

     1. Santiago de Compostela University, in order to bet on these innovative projects, participates in the incubated enterprises' social capital in a minority way (it is about helping and not controlling the enterprises) and temporary (contribution is made during the period of time that incubation lasts).

     2. Traditional way: Galician banks, Caixa Galicia and Santander Central Hispano, offer preferential financing conditions to enterprises set up in UNINOVA and have a favourable predisposition to study their business plans.

     3. Innovative way: venture capital. Santiago de Compostela University has set up a venture capital partnership, UNIRISCO, in order to provide financial support to those innovative enterprises created in the University framework.

     4. UNINOVA works as guarantor for the business initiatives, together with the economical support of Santiago University, with the aim of facilitating the access to financing sources.

     5. Self-financing: It is essential that entrepreneur has always to make an own contribution, with the purpose that he or she invests in what they believe: turning their idea into a company.

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Setting-up of the incubator
If as result of the drawing up of the business plan, it is proved that the project is feasible, the spin-off enterprise will set up in the premises of UNINOVA´ s incubator, the Industrial Estate of El Tambre. The bay has an extension of 1200 square metres and is divided in 10 incubators/nets. Every nest has 100 square metres and is divided in two parts: one for the industrial production and the other one for the offices. Every module is equipped with the following services:

    - Internet outlet through optical fibre (RDSI)
    - Access to digital network of voice and data
    - Translation services
    - Security services
    - Secretariat services and switchboard
    - Loading bay
    - Business administration, marketing and technological innovation library
    - Meeting hall
    - Grant application procedures before national and European organisms.

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Monitoring and support
Enterprises set up in UNINOVA will benefit the whole time from the support of an expert team as regards business administration and commercial, economical, financial and computer design, as well as from constant advice on business management.
In order to check enterprises´ progress, a six-monthly monitoring of the balance and accounts is carried out.

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Internationalisation
From the second year of activity, incubated enterprises are expected to carry out commercial operations abroad; with this aim, UNINOVA will facilitate them studies about international markets and will support trade missions abroad.

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Training
Furthermore, UNINOVA works as a training centre of managers and workers, organizing specific training programmes and activities focused on entrepreneurs detection.

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(c) 2005 UNINOVA, Sociedade para a Promoción de Iniciativas Empresariais Innovadoras, S.L.  |  Texto legal
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