Talk given by Gaizka Zulaika, Innobasque, at Stanford Engineering, Feb 1 2010.

1. Basque Country – Innobasque Overview Stanford Engineering Program on European Entrepreneurship and Innovation Gaizka Zulaika- Investment Director Innobasque-Basque Innovation Agency Stanford 1-2-2010

2. 50% 30% 20% (*) Sources: United States Census Bureau and Bureau of Economic Analysis, California Labor Market Info

3. Evolution of the Basque Industry 1936-1984

6. Territory: Space shortage, dense population (2.1 M)

7. Mature population

8. Lack of natural resources

10. Few corporate Headquarters

12. In the European Innovation corridor EuropeanCitiesEntrepreneurship Ranking: ECER 2009 5 EuropeanInnovationRegionsRIS 2009

13. Leading industry sectors Security Software www.PandaSecurity.com Enterprise Software Ecosystem with 14 SMEs ITS Clean Technologies www.gamesacorp.com Human Mobility www.irizar.com www.iberdrola.es www.caf.net www.orona.es

14. Focus Areas Investment Entrepreneurship Sustainability Green Market Human Mobility Non Profit Sector Health Care Market

15. Conclusion Basque region has a global visionWorld class talent in research and innovation technologiesStrong Engineering UniversitiesDiverse industrial baseGrowing in VC and technology start-up sectorStrong entrepreneurial traditionNew Innovation leadership with InnobasqueWe are looking for partners, projects and capital in Clean Technology Markets, Human Mobility and associated software technologies.

16. THANK YOU FOR YOUR ATTENTION Gaizka Zulaika Atorrasagasti Investment Director gzulaika@innobasque.com Innobasque- Basque Innovation Agency Bizkaia Technology Park, Laida Bidea 203 48170 Zamudio Phone: +34 944 209 488 Fax: +34 944 209 489 9