The Ideas Institute for Business Creation and Development is an initiative of the Polytechnic University of Valencia to promote university entrepreneurship, supporting Spanish talent and innovation, and strengthening business and technological frameworks in Spain.

The main objective of the IDEAS Institute is the development of an entrepreneurial culture, revitalizing the university community and fostering the creation and support of new business by backing the creation and growth of technology-based innovative companies and spin-offs at the Polytechnic University of Valencia.

This initiative has been recognized by the European Business Awards in its latest edition, under the Entrepreneurship Promotion Award category.

These awards, promoted by the European Commission for Business and Industry, began in 2005, when it became apparent that the future and growth of the economy in the European Union depended greatly on small and medium enterprises. Various initiatives have emerged from this idea, such as the European SME Week, and other awards.

The specific objectives of these awards are to:
Identify and recognize activities and measures that have been successful in supporting companies and business initiatives.
Show and share examples of the best initiatives in business policy and practice.
Increase awareness of the role of entrepreneurs in society.
Stimulate and inspire possible entrepreneurs.

Over 350 national, regional and local authorities, including towns, cities and regions, as well as private and public associations bridging between public government and entrepreneurs, educational programs and business organizations from 25 countries competed in the national round of the European Business Awards 2008/2009. The jury selected 47 finalists including a wide spectrum of projects which are being very successful in supporting businesses and entrepreneurial initiative throughout Europe. The winners were made public at a ceremony which took place in Prague closing the First European Small and Medium Enterprise Week (European SME Week).

Click here for further information.

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