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Cardiff the capital city of wales has a thriving startup scene that is fueled by a rich history of entrepreneurship and a growing population of techsavvy individuals the citys geography situated on the coast of south wales provides easy access to major cities like london and bristol making it an ideal location for startups looking to expand their reach cardiff has a population of over 350000 people with a significant portion of the population being young professionals and students the city is home to several universities including cardiff university and cardiff metropolitan university which provide a steady stream of talent for startups to tap into the technological innovations of the area are impressive with companies like gocompare admiral and iqe all founded in cardiff these companies have helped to establish the city as a hub for innovation and have attracted other startups to the area cardiff has a living wage of 950 per hour which is higher than the national minimum wage the unemployment rate in the city is currently at 43 which is lower than the national average the citys gdp is estimated to be around 76 billion with a rate of new companies starting and ending that is on par with other major uk cities despite its many strengths the startup scene in cardiff is not without its challenges the city has struggled to attract venture capital funding which has limited the growth of some startups additionally the citys infrastructure is not as developed as other major uk cities which can make it difficult for startups to scale overall the startup scene in cardiff is thriving thanks to its rich history of entrepreneurship growing population of techsavvy individuals and impressive technological innovations while there are certainly challenges to overcome the citys many strengths make it an attractive location for startups looking to establish themselves in the uk
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