There will also be increased backing for research and new equipment. MCC-funded research centres provide new knowledge for businesses within the region. Specialists investigate technologies such as collision detectors in airbag systems for improved car safety, and implants for the pharmaceutical industry. The centres are also carrying out ground-breaking work in renewable energy sources and the rational use of energy, and in other areas which will allow a reduction in industry's impact on the environment. The university takes nearly 4,000 students a year, mostly from the Basque Country.
Courses are in Spanish, English, and Basque language.
The corporation has always seen the value of investing in people. After studying at the university, some come to work for us, and some work for local industries or move away. With financial support from Caja Laboral, a bank in the group, and a team of advisors to explain the mysteries of setting up a new business, the university has already supported the development of over 70 new businesses. Mr Herrasti says that MCC has a deep-rooted interest in its native Basque region and its people as well as in other Spanish regions. The corporation reinvests most of its profits, supports community development initiatives, cooperates with other organizations and promotes local culture.