Made for Good
Made in Spain
Non-profit association SECOT has been encouraging employment and enterprise in Spain for more than 30 years. As the Spanish economy and society recover from the global financial crisis, its work has never been more relevant.
Spain is working hard to reduce one of the highest unemployment rates in Europe, with young people particularly affected by the lack of job opportunities. Self-employment offers an alternative. Meanwhile, the older generation has a wealth of knowledge and skills that can benefit those starting out in business. SECOT pairs young entrepreneurs with senior volunteers who can help them negotiate the challenges ahead.
These volunteers are retired executives or senior professionals who want to pass on all they have learned during their careers. They do this through mentoring and by sharing contacts from their personal networks. As well as helping start-ups to grow, these relationships improve the wellbeing of those in retirement and support social cohesion by promoting understanding between the generations.
Deutsche Bank supports the work of SECOT through funding and involvement at trustee level.
By creating a wind turbine without blades, Vortex Bladeless has found a way to produce cleaner, cheaper energy without the environmental issues of conventional wind technology. The bladeless turbine is noiseless, which makes it suitable for residential use. With no blades, it poses no threat to bird life.
A mentor from Fundación SECOT is helping Vortex Bladeless to commercialise its turbines, which have the potential to shake up a wind power market dominated by technology more intrusive, less efficient and more expensive to maintain. The company estimates its turbines can reduce the cost of energy by 40% and cut carbon emissions by the same amount compared to those made by other manufacturers.
Adolfo Torres, a former BP executive, has used his industry knowledge to advise Vortex Bladeless on its commercial strategy. The versatility of this technology opens up many potential markets. With a minimal physical footprint it can serve densely populated areas. When combined with solar panels, these turbines can help fulfil the energy needs of places that are off the power grid all year round.