Chair BIC, a workshop focused on entrepreneurship and financing

Last Wednesday, June 11, Tecnun of Engineering y BIC Gipuzkoa held an "Entrepreneurshipworkshop " with the participation of CEOs and co-founders of companies.

The co-founder and scientific director of Multiverse Computing, Román Orús, the co-founder of Onena Medicines, Maider Zabala, the co-founder of Deneb Medical, Aritz Lazkoz, and the CEO and co-founder of Inspectrail, Pablo Burgos, were the guests who starred in the roundtable. 

Under the title "How to survive the entrepreneurial experience successfully: the core topic of financing", the speakers explained, from their experiences as entrepreneurs, the path of financing in startups and its value within a company. 

Orús assured that in a company "the technical part is as important as the financial part". The co-founder of Multiverse Computing referred to money as the gasoline in an engine, "without it, you go nowhere". 

In order to have a better investment, Orús explained the value of the financing rounds, where you talk to potential investors, the "people who are willing to bet on you," addressing the doctoral students and professors in the conference room. 

Both he and the other speakers affirmed that the Basque Country region makes a great bet to take the first steps in any startup. "The ecosystem here is very powerful and they give you all subjectof support," said Burgos.

He encouraged the doctoral students that "if you have any idea, talk about it with people", "to take it to the market, you need people who will open it up for you", and to do so, he stressed that you have to be clear about the financial decisions you have to make before launching the project. 

The co-founder of Onena Medicines added that "sometimes you have to maneuver in situations where the investor wants to change the way you do your idea", in line with the fact that, sometimes, the investing entity proposes different actions to carry out the action plan. 

In the last written request, Lazkoz explained that the financial part of a company "is continuous, you are never going to stop working on it. You close a round, but the next day you are thinking about the money you are going to need when you spend the money you have just raised". 

Although, he clarified, that "funding should not be the reason why every one of you who has an idea does not take the plunge."