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Glasgow located in scotland has a rich history of entrepreneurship dating back to the 18th century the citys geography is characterized by its location on the river clyde which has historically been a hub for trade and commerce with a population of over 600000 glasgow is the fourthlargest city in the uk and boasts a diverse and talented workforce in terms of technological innovation glasgow has been at the forefront of industries such as shipbuilding engineering and textiles more recently the city has seen a surge in startups focused on areas such as fintech biotech and gaming companies founded in glasgow include skyscanner fanduel and freeagent while companies headquartered in the area include scottishpower and weir group glasgow is also known for its vibrant cultural scene with events such as the glasgow international comedy festival and the glasgow film festival drawing visitors from around the world the city is home to several universities including the university of glasgow and the university of strathclyde which provide a steady stream of talent and research opportunities for startups the living wage in glasgow is currently set at 950 per hour while the unemployment rate stands at 53 the citys gdp is estimated to be around 41 billion with a rate of new companies starting and ending that is roughly in line with the national average overall glasgows startup scene is thriving thanks to a combination of factors such as a talented workforce supportive government policies and a vibrant cultural scene however challenges such as brexit and the ongoing covid19 pandemic could pose a threat to the citys continued success