Carme Artigas: The drama of the Spanish company is that if it exceeds the ‘infant mortality’ we mush off our borders

It often costs more to stay than start, and new companies do not just have to create them but also to preserve them.
Carme Artigas, Secretary of State for Digitization and Artificial Intelligence, Notifies: “The Great Drama of the Spanish Company is that, when it exceeds the first stage of ‘infant mortality,’ it turns out that we mutter out of our borders, expelling talent and
Innovation because they do not find the financial capacity in Spain to grow. ”

This summer, the Government has launched the Next Tech Fund to allow the growth of digital enterprises and encourage investment in technological projects within the country, 4,000 million euros, which, in words of Artigas, make up “the second fund of this greatest type
from Europe, from behind that of Germany, 7,000 million, and double that of France and triple than that of Italy “.

In the slang of the sector, that phase is called Scale-up, that is, climbing, not already both create a Start-up or accelerate its initial development, previous stages;
In short, you want to take care of time to give enough muscle to the new digital company to survive and aspire to profitability thanks to spread.

“We want to create unicorns in Spain, not selling our talent,” has expressed the Secretary of State, convinced that “the valuations of Spanish companies are below the market. The same company based in Israel is worth three times more.”

In an intervention held this Tuesday of the new Forum economy, Artigas has also shown its concern about the scanning of SMEs and their access to available funds.
The Secretary of State has announced that, “before the end of the year”, the Government will launch a first call for the SME scanning plan.

This program sees together a public investment of European funds of close to 5,000 million euros until 2023, with the goal of digitizing up to one and a half million small and medium-sized companies.

Large companies are opting to capture European injections, but for small and medium-sized scenario is very different, as Artigas has recognized in the Form Europe: “Large companies read the BOE, but SMEs do not and have a
Problem of capillarity, it is not easy, there associations and large companies have a great broadcast work they can do, “he said.
The other great concern, in addition to the digitalization of SMEs is, as the Community reports prepared in Brussels have been highlighted, the lack of digital knowledge among Spaniards.
“50% of the population is digital illiterate,” he has summarized Artigas.
For example, Spain suffers from a clear shortage of specialists in information and communication technologies (ICT), with post 18 within the European Union.

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