Trending Community of Madrid, Spain Startups

The community of madrid located in central spain has a rich history of entrepreneurship dating back to the 16th century when the city of madrid became the capital of spain today the region boasts a population of over 66 million people and is home to several prestigious universities including universidad complutense de madrid and universidad politcnica de madrid in recent years the startup scene in the community of madrid has been thriving with a number of technological innovations emerging from the area companies such as cabify jobandtalent and spotahome have all been founded in the region while multinational corporations like telefnica and bbva have their headquarters there despite the economic challenges posed by the covid19 pandemic the community of madrid has maintained a relatively low unemployment rate of 95 and a living wage of 1050 per month the city level gdp is estimated to be around 230 billion making it one of the wealthiest regions in spain however the rate of new companies starting and ending in the area is relatively high indicating a competitive and volatile market nevertheless the thriving startup scene in the community of madrid can be attributed to its strategic location highly educated population and supportive government policies aimed at promoting entrepreneurship overall the community of madrid is a promising location for startups looking to establish themselves in spain and beyond with a rich history of entrepreneurship a highly skilled workforce and a supportive business environment the region is poised for continued growth and innovation in the years to come