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Grenoble located in the auvergne rhone alpes region of france has a rich history of entrepreneurship dating back to the 19th century the citys location at the foot of the french alps has made it a hub for technological innovation particularly in the fields of energy and microelectronics the population of grenoble is around 160000 with a significant student population due to the presence of several universities including the prestigious grenoble institute of technology the living wage in grenoble is around 1500 per month and the unemployment rate is currently at 85 the city has a strong economy with a gdp of 20 billion and is home to several major companies including schneider electric stmicroelectronics and soitec grenoble has also seen the emergence of several successful startups such as criteo and teads one key historical event that grenoble is known for is the 1968 winter olympics which helped to put the city on the map and attract international attention despite its many strengths grenobles startup scene has faced some challenges in recent years the rate of new companies starting has slowed and there have been some highprofile failures such as the bankruptcy of solar panel manufacturer photowatt however the citys strong tradition of innovation and its supportive ecosystem of universities research centers and investors suggest that grenobles startup scene is poised for continued growth and success
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