The aerospace sector in the Balearic Islands is at a turning point. From aviation to space exploration, the region has the potential to become a benchmark hub for the aerospace industry in Spain. In this article, we’ll explore the key findings and solutions outlined in our report “AEROSPACE ECOSYSTEM REPORT IN THE BALEARIC ISLANDS” (April 2024). with highlights of the role Collabwith has played in shaping this ecosystem. Best of all, the full report is available for free download!
The report highlights the Balearic Islands’ unique position in Spain’s aerospace sector, with 69 active companies accounting for 20% of the national industry. Despite challenges such as high company closure rates—38% between 2011 and 2020—the region shows remarkable potential. Academic contributions are also significant, with 16.7% of Spanish publications on astrophysics and aviation stemming from the University of the Balearic Islands. Key findings underline the need for collaboration between local businesses, startups, universities, and international partners to foster innovation and create a sustainable ecosystem.
Collabwith’s Role in Driving Innovation
Collabwith has been instrumental in developing actionable recommendations to strengthen the aerospace ecosystem. Using its methodology of collaborative innovation, Collabwith has identified ways for companies to partner with academics and startups. These collaborations are critical for driving advancements in sustainability, digitalization, and new aerospace technologies.
Solutions proposed by Collabwith include:
- Establishing an aerospace innovation cluster to support existing companies and foster startups.
- Launching a “Space & Aviation Innovation Café” to encourage networking and problem-solving.
- Creating an Aerospace MakerLab for prototyping new aviation and space technologies.
- Developing technical training programs and digital resources to upskill the local workforce.
- Introducing startup-friendly policies, such as tailored visas for aerospace entrepreneurs.
Results
The report lays out a roadmap for growth, with ambitious targets to increase startup creation, academic publications, and industry-academic collaborations by 2030. Leveraging existing strengths in tourism, transport, and software industries, the Balearic Islands are poised to integrate aerospace technologies into diverse sectors. These efforts align with the European Union’s sustainability and digitalization goals.
Collabwith’s initiatives, alongside public and private partnerships, have already begun to establish the foundation for an aerospace innovation ecosystem. The long-term vision includes becoming a European hub for aerospace technologies, with applications ranging from satellite development to climate change solutions.
Consult and Download the Full Report for Free!
For a deeper dive into the statistics, strategies, and next steps for the Balearic aerospace ecosystem, download the full report. This comprehensive document offers valuable insights for stakeholders across the industry.
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