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Barcelona, the new Silicon Valley?

Large companies in the technology sector, small startup businesses with a lot of talent in their ranks, and experienced project accelerators or support services from the government sector are some of the examples that entrepreneurs in Silicon Valley benefit from. However, no need to cross the ocean to find such conducive environment as Barcelona meets all the criteria to become the new epicentre of entrepreneurship.

Barcelona also has a mature ecosystem in which it can launch an entrepreneurship project. It is known to be a 'startup friendly' city in Europe. A position that has been achieved thanks to a first batch of technology companies in Barcelona, ​​with names like Privalia, Softonic, Wallapop or Kantox; acting as a foundation for technological entrepreneurship.


Barcelona - barcelona-silicon-valley.jpg

Photo: © Getty Images

Also, the consolidation of Barcelona as the birthplace of startups within the local scene makes many young college graduates opt ​​for training in the city. This city is most favourable for starting a professional career in entrepreneurship projects. Furthermore, the presence of other international companies and professionals, who turn to Barcelona as a new technology development centre has also been added.

The administration has also played an important role, given its support for the creation of enterprises and providing financing to the best entrepreneurial projects; something that can also be found through private channels. In addition, Barcelona has been chosen to host major events and fairs such as the Mobile World Congress; This has been a big boost for local businesses and has placed Barcelona in the first international technological entrepreneurship level.

Everything you would expect to find in Silicon Valley, entrepreneurs can find in Barcelona, ​​except for a different culture regarding risk. Professionals who have been able to develop their businesses on both sides of the Atlantic have found that there is a higher tolerance, more ambition and willingness to work hard in San Francisco; where successful projects receive more support and interest from other startups.

Not everything is perfect in Barcelona, ​​but it is taking steps to continue growing and improving in order to become the global epicentre of entrepreneurship. Culturally, Barcelona is more reluctant to change. new professionals however, are beginning to understand that mistakes are part of the learning process. Administrations are more aware of the need to support their staff and give exposure to successful projects, and to attract foreign talent and to keep its local employees. This is why Barcelona is still a suitable site and the place to start


Engel & Völkers

Barcelona
Avinguda Diagonal, 640
08017 Barcelona
Spain
Phone
+34 93 515 44 44

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