Bankinter Innovation Foundation

Helping to build the future

The Bankinter Innovation Foundation, created in 2003, converts innovation and entrepreneurship into critical tools to create value in the Spanish economy and society. It has an international think tank, Future Trends Form, and the programmes Akademia Project, Emprendedores and Cre100do. Its great challenge in 2016 was the entry into Portugal, where the Foundation will also carry out all of its activities. The former initiative, an event called Technology, Science and the Human, saw the participation of Antonio Damasio, one of the most foremost neuro-scientists in the world. 

Future Trends Forum

The Foundation's think tank Is made up of an exclusive group of 484 multi-disciplinary and international experts whose objective is to provide insight into what may lie ahead of us in the future. The Future Trends Forum identifies, analyses, debates and disseminates the main innovation trends (social, economic, scientific and technological) that will affect business models and the company in the medium or long-term. They are the following:

• The machine revolution. How the new generation of machines has achieved a startling level of development and are capable of acquiring skills through learning and to follow complex patterns of behaviour. Work on this subject began in 2015 and continued into 2016. https://www.fundacionbankinter.org/web/bankinter/larevolucion-de-las-maquinas
• Cybersecurity. Debate on threats to security in the new digital age and proposals for strengthening it. Discussion of the subject began in December 2015, but its dissemination occurred in 2016. https:// www.fundacionbankinter.org/ciberseguridad1
• Technology and inequality. What can be done so that the benefits of technology innovation will improve the prosperity of society as a whole and alleviate inequality in the world. https://www.fundacionbankinter.org/tecnologiaydesi gualdad
• Digital health. how the adoption of new technologies in the health care sector is digitalising processes of patient care, medical development, the structure of the sector or the costs and benefits of the new services transformed by these technologies. The conclusions will be publicised in 2017. 

All of the content generated on each trend is published on the Foundation's website (www.fundacionbankinter.org/es) and disseminated through conferences. Those that took place in 2016 were held in Madrid, Barcelona, Malaga, Valencia and Bilbao with more than 3,000 attendees.

The work performed by the Future Trends Forum has been recognized for five years by the Go to Think Tank prepared by the University of Pennsylvania, where it appears as the only one dedicated to science and technology in Spain and one of the 30 best in the world in its specialty area.

Akademia

The mission of Akademia Project, which was founded in 2008, is to influence education and provide knowledge to encourage innovative attitudes in future leaders, motivating university students to assume the challenge of facing a constantly changing environment. Most innovative ideas are not only the result of a sudden flash of insight, but rather they are due to a learning process and the analysis of the environment that Akademia Project makes available to young people. 

• Akademia You Project. Course on innovation in leading Spanish universities. In 2016, it was given in eleven universities, with a total of 265 students and a recommendation rate of 94%. It is devoted to knowledge and debate of future trends in innovation, digital technologies, non-digital technologies and the market, based on contents created by the Future Trends Forum.
• Akademia Open Project. Free, online, and modular courses freely accessible to all interested persons. Two were carried out last year, focused on innovation as applied to medicine, and on the future of money, with more than 16,000 students registered and a high completion rate.
• Akademia Business Project. Business training focused on innovation. This modality was launched in 2016, with a pilot project in Línea Directa Aseguradora, where 24 selected staff members took part in a course on key trends in innovation.

Worthy of mention was the cloister Akademia, comprising 55 prestigious professionals involved in the programme, allowing for transmission of all knowledge.

Entrepreneurs 

This involves joint action between the Bankinter Innovation Foundation and Bankinter Venture Capital to support high-potential Spanish entrepreneurship during the start-up phases. Over the past year 399 projects were presented, of which 2% received financing. These include:

• Regalador. E-commerce company focused on the segment of gifts for any occasion: birthdays, anniversaries, weddings, etc.). https://regalador.com/
• Hooks. Mobile application for selecting notification channels of interest. http://www.gethooksapp.com/
• Waynabox.  New way of travelling, with getaways at a fixed price of €150, including flights and accommodation at a surprise desttination. https://waynabox.com/es/
• Wazypark. Use of mobile phone to find parking places on the street, in real time and free of charge. https://www.wazypark.com
• HelloUmi. Service for companies that can bring together different conversations with customers in a single platform. https://www.helloumi.com /es/
• Paack. Home deliveries for e-commerce purchases in less than two hours. https://paack.co

The complete list of the foundation's investees is found at: https://www.fundacionbankinter.org/web/ bankinter/participadas. The requirements of the projects, and the characteristics of the investment, are at www.fundacionbankinter.org/emprendedores.

Cre100do

This is a country-programme launched in 2013 by the Bankinter Innovation Foundation, the Circulo de Empresarios and the Foreign Trade Institute (ICEX) that is intended to contribute to the transformation of the Spanish production sector. Over five years, the program will select 100 Spanish companies that have revenues of between 25 million euros and 250 million euros to help them gain in size and to open the path for many others. At the end of 2016 fifty had already been selected.

Cre100do assists them with rethinking strategies, the organization, the position in the value chain, the development of inorganic growth models, etc., with the clear objective of obtaining growth based on excellence. It works with the assistance of 14 leading companies as well as other collaborators and independent experts. 

This work allows a conceptual framework to be developed that analyses key aspects to ensure company growth that should be on the CEO's agenda: 

• Outward-looking. We must pay attention to the macro-trends that will influence the future.
• Develop a strong position in the ecosystem. Analysis must be made of changes in the business model, operations, and the technology transformation. 
• Having a twenty-first century organisation. It must be open, outward-looking, flexible, horizontal, transversal and project-oriented. 
• Manage talent well.
• Effectively develop the brand.

This was the conceptual framework for the development of the activity of Cre100do in 2016, which included workshops with companies, public events to elaborate on this knowledge and the generation of articles and videos that can be seen on the programme's website, www.cre100do.es.