What is BFA?

Business Factory Auto (BFA) is an initiative promoted by the Xunta de Galicia through the Galician Innovation Agency (GAIN), the Galician Institute for Economic Development (IGAPE) and the Collective Investment Undertakings of the Closed-End Type (Xesgalicia); the Free Trade Zone Consortium of Vigo (CZFV) and Vigo Activo Sociedad de Capital Riesgo SA; the Galician Automotive Companies Cluster Foundation (CEAGA) and GROUPE PSA. Its objective is to accelerate and consolidate specialised projects in the automotive industry and to transform them into viable and scalable innovative companies that attract and retain talent; thereby contributing to strengthening the position of the sector and increasing its international projection.

In BFA entrepreneurs will have at their disposal a workspace, financial support, training and a unique ecosystem made up of tutors, mentors, partners among other agents; all of them related to the automotive sector and business.

Acceleration programme

An Acceleration Programme specifically designed for entrepreneurs in the automobile industry. Lasing up to 9 months, planned activities will focus on validating and developing a product or service, defining a business model, achieving the first sales, and boosting the team's skills and abilities. Participating projects can install at the co-working area alongside other entrepreneurial initiatives with comparable degrees of maturity and ranges of application, and they will all share training workshops, tech-meetings, and experience interchange opportunities.


Consolidation programme

The Consolidation Programme will last up to 12 months and provide training and mentorship to help participating projects reach the market and generate regurring sales/revenue. The programme supporting this will be customised according to the specific needs of each project, which will also have access to an extensive network of players in the automobile history, financial aidd, and a workspace in the incubator area of the BFA facilities.

Timeline

What do we offer?

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