13-05-2011 Entrepreneurial Spirit in Cascais counters crisis
On April 13th, DNA Cascais presented 12 new companies created with its support. The projects involve a total investment of 700 thousand Euro and the creation of 30 immediate jobs. These companies join the other 118 businesses created under the seal of DNA: since its creation in 2006, the Agency contributed to the appearance of 130 business projects in the Municipality of Cascais.
On this occasion, Carlos Carreiras, Mayor of Cascais, pointed out that 'in four and a half years 130 projects were created, and they are generating jobs and wealth not only for the municipality but also for the entrepreneurs that decided to leave their comfort zone and take the risk of creating their own project of happiness. Besides, 372 jobs have already been created. At a time when much is heard about crisis and unemployment, these numbers come as a breath of fresh air and demonstrate that the municipal support to local entrepreneurship, through this Agency, makes every sense. This kind of initiatives will make us counter the crisis.'
These 130 companies represent a global investment of 15.6 million Euro and the creation of 372 immediate jobs. In three years time, an investment of 22 million Euro and the creation of 673 immediate jobs are to be expected.
New companies DNA
The Business Services sector registers the highest number of companies created (15.4%), followed by the Information and Communication, Electronics and Engineering Technologies domain (13.8%), and the areas of Advertising, Communication and Design (13.8%), Commerce (13.8%) and Health and Well-being (13.1%).
António Câmara, Y Dreams
Of the 130 companies that were created, 67 were supported by the instruments made available by DNA Cascais and their partners. 39% of these companies turned to micro-credit (BPI and Lisgarante), 17% to micro venture capital, 16% were supported by the FAME Cascais programme (Partnership between DNA Cascais, BPI and Lisgarante), 15% received support from the Employment and Vocational Training Office (ASD, Microinvest and Invest+), 6% were financed by micro venture capital and Business Angels, 4% by Business Angels alone and 3% by the Compete co-investment funds. The remaining 63 companies received support in the form of access to and settlement in the Corporate Nest and the provision of advisory services in the creation of companies (supporting business plans and risk mitigation).