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ESADE Alumni and Grant Thornton team up to promote start-up development

The two institutions have signed a cooperation agreement to help entrepreneurs from the ESADE Alumni network design stronger financial plans to secure new resources

 

Grant Thornton and the Alumni Entrepreneurship area of ESADE Alumni have signed a cooperation agreement to support the entrepreneurial efforts of ESADE alumni. Grant Thornton will advise ESADE Alumni entrepreneurs on key financial aspects of business plans for start-ups. Additionally, the international professional services firm, which provides audit, consultancy and tax, legal and financial advisory services, will review other aspects related to tax optimisation for new companies.

The initiative is intended to further boost private investment in start-ups with high growth potential through the development of financial plans offering greater solvency and viability as a result of the advisory services provided by Grant Thornton. The firm will also participate in forums and talks organised by the ESADE Alumni network with a view to identifying promising start-ups, such as ESADE Alumni Start-up Day or the ESADE Alumni & Banco Sabadell Award for the Best Start-up of the Year, as well as the initiatives of ESADE BAN, ESADE Alumni’s business angels network.

Companies such as Wallapop, Kantox, Red Points, Singaturit, Visualnet and Wuaki TV have all been named Best Start-up within the framework of ESADE Alumni Start-up Day, which has helped spur their development. Additionally, ESADE BAN investors have invested more than €28 million in 172 start-ups in the last seven years’, explained Fernando Zallo, the ESADE BAN director.

Financial specialists for project viability

Specifically, Grant Thornton will help evaluate the start-up’s current situation (equity, financial and solvency) and analyse its financial forecasts (profit and loss account, cash flow statement, balance sheet) and the main assumptions used. It will also advise entrepreneurs on the various options for looking for and obtaining financing, as well as on the methodology and bases used to determine the start-up’s value. After reviewing those four objectives, Grant Thornton will turn its attention to optimising the projects’ tax efficiency, through suitable structuring, and minimising the tax risks inherent to the launch of any start-up.

‘With this advice, Grant Thornton and ESADE Alumni are joining forces to provide entrepreneurs with access to financial specialists who can help them assess the viability of their projects with greater guarantees’, explained Ramón Galcerán, Financial Advisory Partner at Grant Thornton.

The agreement is another step forward for Grant Thornton in its early-stage advisory services for innovative projects and start-ups. ‘For years now, we have had clients with great entrepreneurial ideas that have gone on to become leading companies, such as Oryzon Genomics’, said Alejandro Martínez Borrell, President of Grant Thornton. ‘With this agreement, we will help a lot of entrepreneurs improve their business plans and present them to potential investors, not only with disruptive ideas, but also the right financial information’, he con

Grant Thornton and the Alumni Entrepreneurship area of ESADE Alumni have signed a cooperation agreement to support the entrepreneurial efforts of ESADE alumni. Grant Thornton will advise ESADE Alumni entrepreneurs on key financial aspects of business plans for start-ups. Additionally, the international professional services firm, which provides audit, consultancy and tax, legal and financial advisory services, will review other aspects related to tax optimisation for new companies.

The initiative is intended to further boost private investment in start-ups with high growth potential through the development of financial plans offering greater solvency and viability as a result of the advisory services provided by Grant Thornton. The firm will also participate in forums and talks organised by the ESADE Alumni network with a view to identifying promising start-ups, such as ESADE Alumni Start-up Day or the ESADE Alumni & Banco Sabadell Award for the Best Start-up of the Year, as well as the initiatives of ESADE BAN, ESADE Alumni’s business angels network.

Companies such as Wallapop, Kantox, Red Points, Singaturit, Visualnet and Wuaki TV have all been named Best Start-up within the framework of ESADE Alumni Start-up Day, which has helped spur their development. Additionally, ESADE BAN investors have invested more than €28 million in 172 start-ups in the last seven years’, explained Fernando Zallo, the ESADE BAN director.

Financial specialists for project viability

Specifically, Grant Thornton will help evaluate the start-up’s current situation (equity, financial and solvency) and analyse its financial forecasts (profit and loss account, cash flow statement, balance sheet) and the main assumptions used. It will also advise entrepreneurs on the various options for looking for and obtaining financing, as well as on the methodology and bases used to determine the start-up’s value. After reviewing those four objectives, Grant Thornton will turn its attention to optimising the projects’ tax efficiency, through suitable structuring, and minimising the tax risks inherent to the launch of any start-up.

‘With this advice, Grant Thornton and ESADE Alumni are joining forces to provide entrepreneurs with access to financial specialists who can help them assess the viability of their projects with greater guarantees’, explained Ramón Galcerán, Financial Advisory Partner at Grant Thornton.

The agreement is another step forward for Grant Thornton in its early-stage advisory services for innovative projects and start-ups. ‘For years now, we have had clients with great entrepreneurial ideas that have gone on to become leading companies, such as Oryzon Genomics’, said Alejandro Martínez Borrell, President of Grant Thornton. ‘With this agreement, we will help a lot of entrepreneurs improve their business plans and present them to potential investors, not only with disruptive ideas, but also the right financial information’, he continued.