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Edinburgh the capital of scotland is a city with a rich history of innovation and entrepreneurship from the scottish enlightenment of the 18th century to the present day the city has produced many notable figures in science technology and the arts in recent years edinburghs startup scene has gained momentum with a growing number of tech startups emerging in the city the citys geography and population have played a significant role in shaping its startup scene edinburgh is a compact city with a population of over 500000 people the city is home to several universities including the university of edinburgh which has a strong reputation for research and innovation this has helped to attract a highly skilled workforce and foster a culture of entrepreneurship in the city in terms of technological innovation edinburgh has a history of pioneering work in areas such as medical research artificial intelligence and robotics companies such as skyscanner fanduel and freeagent were all founded in the city and have gone on to achieve international success edinburghs startup scene is also supported by a range of coworking spaces accelerators and investment funds key historical events that edinburgh is known for include the scottish enlightenment which saw the city become a center of intellectual and cultural activity in the 18th century the city is also known for its role in the scottish independence movement and the political upheavals of the 20th century the living wage in edinburgh is currently 950 per hour which is higher than the uk national minimum wage of 891 per hour the unemployment rate in edinburgh is below the uk average currently standing at around 37 the citys gdp is estimated to be around 34 billion the rate of new companies starting in edinburgh has been steadily increasing in recent years with the city seeing a 44 increase in new business formations between 2010 and 2019 however the rate of company closures has also been rising with an increase of 39 in the same period overall the edinburgh startup scene is thriving with a vibrant community of entrepreneurs investors and support organizations however the city faces challenges in terms of affordable office space and access to funding particularly for earlystage startups despite these challenges edinburghs history of innovation and its strong talent pool position it as a hub for tech startups and a key player in the global startup ecosystem
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