EAE Business School Madrid, chosen as project accelerator by the Community of Madrid
The Community of Madrid, through the Ministry of Culture Tourism and Sports, has chosen EAE Business School Madrid, which forms part of Planeta Formación y Universidades, as an accelerator for innovative entrepreneurship projects, in collaboration with other prestigious entities such as Shuttle and Wayra. This initiative is expected to help accelerate to 50 new ideas and projects.
Within the framework of the Recovery, Transformation and Resilience Plan, financed by the European Union – Next Generation fund, the business school has been chosen as the head of this Madrid initiative whose objective is to promote entrepreneurship and talent in the region , strengthening the value chain of the cultural and creative industry and, therefore, stimulating the recovery of the Spanish economy.
"Being the only educational institution chosen by the Community of Madrid as an accelerator agent is an important recognition of which we are very proud. Collaboration in this project reinforces the great work that EAE Business School Madrid is doing to promote entrepreneurship and innovation, vital aspects for our school Furthermore, this initiative reinforces our commitment to position EAE Business School Madrid as a key school for attracting young entrepreneurs with disruptive and creative ideas that will lead the future of Madrid's business and economic ecosystem and , therefore, from Spain", says Javier Almazán, Director of EAE Business School Madrid.
The accelerator and its development programs will contribute to increasing the flexibility and adaptability of new business projects, in a global context of continuous change. Its objective is not only focused on providing capital through seed investments, but also on accompanying ideas with high growth potential in order to implement them successfully. To this end, EAE Business School Madrid will play the role of mentor and tutor to entrepreneurs, offering intensive training programs and thus contributing to generating an ecosystem of cooperation and communication with other agents and strategic entities.
In addition, this mentoring will promote the transformation of cultural activities towards digitization thanks to the incorporation of new technologies in the projects, favoring synergies between the cultural and creative industry with other economic sectors. For this reason, the collaboration of EAE Business School Madrid will improve access to financing for cultural projects, accelerating the professional growth of entrepreneurs and companies.
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EAE BUSINESS SCHOOL ENTREPRENEURSHIP PROGRAMS
In the last six years, the school has promoted the entrepreneurial ecosystem of more than 3,500 students who have gone through entrepreneurship programs with an average of 500 entrepreneurs.
EAE Business School has extensive experience in innovation and entrepreneurship, which it develops through initiatives that stimulate the creation of projects by students, who receive training, networking and professional support to guide them through the different phases of creating a new business project.
Among its training programs, the school has EAE Entrepreneurship, Innovation and Network, in which students can have an acceleration program that allows differentiating the status of the projects, whether in their initial phases, projects that have been validated by market with sustained sales or, pilot tests with different institutions. The program consists of three phases: Updating and Consolidation of the business model; Experimentation, validation and internationalization and Growth platform.
These three phases are accompanied by different experts in the fields of validation methodologies, Lean Coach, Business Model, Digital Marketing, Sales and Operations, Digital Artifacts and support in financial and legal aspects.
In addition, the teams receive specialized support from a Startups advisor mentor and an expert in the sector. Throughout the six months, the teams repeatedly face events to search for collaborators, connections and clients; as well as they can carry out their Investor Pitch periodically before their cohort and independent experts where they receive constructive feedback that helps them build a solid sales argument so that each project can sell and seek financing.
Finally, all teams are invited to perform at an event called Demoday. This is the culminating event of the school's acceleration program, where each project exposes its value propositions and its company to a specialized audience made up of networks of investors and important players in the Spanish entrepreneurial ecosystem.
Likewise, we have our own learning model, during each phase the companies define the challenge they are pursuing at that moment and establish the objectives, metrics and solutions together with the experts.
Among the services offered to the projects, the following stand out: Use of technological tools, legal and labor advice with the firm Uría Menéndez, financial, administrative and accounting advice; training in Lean methodologies, Design Thinking and in areas such as generic sales, marketing, legal, and finance in various formats.
Monthly coaching sessions, mentoring with the designated professional, experts in the specific areas in which companies need help according to their monthly challenges; networking and contact with strategic external collaborators for the accelerator projects and regular meetings with successful entrepreneurs and investors.
In the last six years the school has promoted the entrepreneurial ecosystem of more than 3,500 students who have gone through the entrepreneurship programs, the incubator and accelerator, with an average of 500 entrepreneurs in each edition and a total of 257 projects developed.