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Lisbon the capital city of portugal has emerged as a leading startup hub in europe the city has a population of around 500000 and is situated on the atlantic coast offering a blend of historic charm and modern innovation entrepreneurship has been on the rise in lisbon over the past decade with a particular focus on tech and digital startups the city has several leading universities including the university of lisbon which have been instrumental in driving innovation and entrepreneurship additionally the city has invested in the development of coworking spaces and incubators to support startups at all stages of growth in terms of economic indicators lisbon has a relatively low unemployment rate of around 7 and a median household income of around 15000 per year the citys gdp is around 95 billion with a high concentration of tech startups contributing to its economic success notable companies founded in lisbon include uniplaces an online platform for student accommodation and talkdesk a cloudbased call center software company other companies headquartered in the area include healthcare technology company hope care and energy company galp energia lisbon has a relatively low cost of living compared to other european cities with a living wage of around 7 per hour needed to meet basic expenses additionally the city offers a high quality of life with a mild climate access to worldclass cultural amenities and a thriving arts and music scene while lisbons startup scene is relatively new compared to other european cities the citys supportive business environment talented workforce and growing infrastructure are helping to drive growth and innovation with its blend of historic charm and modern innovation lisbon is wellpositioned to continue attracting and nurturing startups for years to come