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Ghent the vibrant and historic city in belgium has been a hub for innovation and entrepreneurship for centuries with a population of just over 265000 people and a rich history of commerce and trade ghent has all the ingredients to foster a thriving startup scene the areas geography is also a key factor in its success located in the heart of europe and easily accessible from major cities like brussels amsterdam and paris ghent is a popular destination for business travelers and tourists alike its strategic location has made it an attractive place for companies to set up shop and for entrepreneurs to launch new ventures ghent has a long history of entrepreneurship dating back to the medieval era when it was one of the wealthiest cities in europe the city was a major center of the textile industry and was known for its innovative and forwardthinking merchants today ghent is home to a diverse range of industries including biotech cleantech and software development the city is also known for its worldclass universities including ghent university and the university college ghent these institutions have produced many successful entrepreneurs and provided a steady stream of talent for startups in the area several successful companies have been founded in ghent including showpad a sales enablement platform and ngdata a customer data platform one of the key historical events in ghents history was the ghent altarpiece a masterpiece of renaissance art that was stolen multiple times over the centuries the painting was eventually returned to ghent and is now on display in st bavos cathedral the living wage in ghent is 1593 per month and the unemployment rate is currently 63 the city level gdp is 184 billion and the rate of new companies starting and ending is relatively stable overall ghents startup scene is thriving due to its talented workforce supportive government policies and strong entrepreneurial culture however like any startup ecosystem it faces challenges including competition from other cities and a shortage of venture capital despite these obstacles ghents entrepreneurial spirit and innovative mindset ensure that it will continue to be a major player in the european startup scene for years to come