The Andalusian startup world has collaborated to change the concept of innovation in Andalusia. These companies – looking for scalable, technology-driven businesses – It has been consolidated in the last decade: From a minority of entrepreneurs have gone for … A more mature and better clear environment.
area currently The fourth independent community with the largest number of startupswith 497 companies, while it has 44 expandable companies (which have achieved a leap in size). Malaga, with 148 companies, and Seville, with 144, are the most cohesive tech ecosystems, according to ElReferente. Both cities rank sixth and seventh in the national rankings. This sector is well articulated thanks to associations such as Founders Andalucía, which brings together 80 creators of technology-based companies and scalable business models.
There are references such as: CoverManager (which manages reservations at restaurants around the world), Scopic (sustainable vehicles), freepik (Design and Graphic Resources) or Cordoba Tenderly (which creates online tools for creating interactive content). These success stories have generated a new investment culture in Andalusia and served as a tool to attract and capture international talent.
In this context, some of the largest Andalusian companies have established open innovation models, relying on startups to develop new solutions, as has already been done. Covap (with GEN software) or Ebro Foods (With Ebro Talent).
Public and private funds
In parallel, in recent years a new phenomenon has occurred: public and private funds Axon, Sherry Ventures and Alter Capital (promoted by the Board of Directors) have Attract signatures From other communities. In total, these funds were able to mobilize more than 50 million euros.
Besides, the traditional business fabric is also growing, thanks to internationalization and innovation. Andalusia has 4,010 high-growth companies and 161 gazelle companiesas it ranks second in the Spanish community with the largest number of companies borrowing the name Antelope. Specifically, this region accounts for 13% of all high-performing companies in the country (up to third place). These are companies that have achieved annual growth of 20% or three-year growth of 60% in the past three years. If they have also been created in the last five years, they are gazelle companies. In this case, the community represents 16%, according to Informa data.