Birth and decline of Hercules Control; HCTech

Abstract

A brief overview of Hercules Control’s ten years of existence as a marine technology developer. HCTech, with high impact developed products, is not able to bring them to the market. The people involved (research professor and biologist-entrepreneur), their motivations, knowledge and ways of doing things are analyzed. The environment for this initiative is also analyzed from CIS (the mother company from which HCTech arises), from the Uvigo (as an institution and as support to the researcher), from the Administration (as institutional support to ebt’s) and from the bank (as mandatory fnancial support due to the small size of CIS and the need for advances of project funds with the Administration). A refection on the collective aspect of any creation is made. In this case, a lack of entrepreneurial culture in the whole Galician society (administration, fnanciers, businessmen, workers, and even clients) is to be noted.