Barcelona’s booming startup scene
Many cities around the world are putting their efforts into creating the infrastructure and atmosphere that will attract startups. Startups are the centers of innovation and even though those are small companies at the beginning, they can play a significant role in the economic growth of cities and countries. They create job opportunities which means more employment, and more employment means an improved economy.
The country of Spain has a growing number of startups because of its great entrepreneur ecosystem and dynamic investment environment. This makes Spain a perfect startup hub that is ideal for businesses to launch and grow.
Spain aims to increase growth in startup investments, attract and retain talent and promote scalability which will further boost the country’s digital development. The country created the transformation plan with the goal of becoming “Entrepreneurial Nation” by 2030.
The national strategy aims to create virtuous cycles between this ecosystem and the actual driving sectors of the Spanish economy, as well as to create an innovative startup systems in the country.
Barcelona is considered the country’s startup capital. The city has a collaborative community and lively spirit which has placed it among the top European cities on the startup scene.
According to the analysis of the Barcelona & Catalonia Startup Hub’s 2021 figures, the region is home to 1,900 startups. This number has increased by 11% in comparison to 2020 and by 26.4% compared to 2019.
The city of Barcelona has earned the title of Southern Europe’s leading hub. It even ranked third in the list of most attractive cities to establish a startup, according to The Startup Heatmap Europe 2021 study. With more than 65% of foreigners working in startups, the city is the 4th most international European hub.
In 2020, more than 18% of professionals who created a startup chose Barcelona as their location, which has a huge impact on the fact that the city has a highly international community of entrepreneurs.
Barcelona is not only the most active startup hub in Spain, but it’s also an emerging European center for entrepreneurship and innovation. Founders and investors are attracted to the city because of the great access to high-quality tech talent, relatively low rent prices, and the high quality of life. It is also a city with a large number of young talented people who are highly motivated, full of great ideas, and entrepreneurial spirit.
The city is partnering with leading schools in Spain and Europe, such as IESE, EADA, and ESADE, and many interns from these schools get internship opportunities which is a great thing for startups.
Every year, the city opens up new co-working spaces, which is giving entrepreneurs and tech talent an excellent opportunity to meet other like-minded people. This also helps companies generate new creative ideas and come up with new inventions.
The cost of living in Barcelona is considerably lower compared to other European countries, and the city offers a good quality of life because of the access to high-quality education, healthcare, and great travel connection.
Besides these excellent conditions for startups, Barcelona still has a lot of goals for growth in the future. This is why the city is constantly trying to improve its startup scene even more and become an even better city for innovations and businesses.