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Basque Government SPRI 2008, year of the innovation in The Basque Country
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Business environment

BioBasque is a business friendly region, where the small size makes contacts easy and public administrations are close and supportive. The entrepreneurship tradition and a good social climate towards life science further promote the biosciences sector.

The core technologies and know-how available in the scientific community complement the main application areas in industry, thanks to a cooperation spirit stemming from pioneering collaborative programmes established two decades ago.

Potential partners for diverse operations are found within the research community and in the innovation system.

Additional advantageous features are:

  • Fiscal autonomous regime that affords corporate taxations among the lowest in Europe (28%).

  • Tax reductions for companies performing R&D activities.

  • Private R&D investment convergent with European average (2/3).

  • One of the more advanced biomedical and research legal framework in Europe.

  • Private-public partnerships

  • Increased subsidies and funds for innovative projects

  • Incentives for attraction and employment of researchers and other personnel profiles

  • Good economic climate, with growth rates superseding the European average.