Madrid boasts 504 startups in our sample database which represents about 19% of Spain’s sampled startups. Madrid is the 2nd best startup ecosystem in Spain.
While Madrid decreased by 5 spots in its global rank in the Global Startup Ecosystem Index of 2022, its ranking in Spain remained stable at 2 nationally since 2021.
Understand our ranking methodology and get the latest insights on the startup ecosystems of 100 countries and 1000 cities around the world!
Madrid is ranked within the top 100 startup ecosystems globally.
Madrid’s startups excel particularly in Software and Data where it ranks 30 and in Energy & Environment, and Education. Find out more
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On our map, you can explore a total of 143 startups for Software and Data.
In Western Europe, Madrid's Energy & Environment is in top 34. Madrid has a concentration of about 0% of the country's total Energy & Environment startups that are represented on our map.
Education is ranked 37th in the world. Our database contains 63 startups for this industry.
Within Madrid there is an increased attraction for entrepreneurs to set up their startups in industries such as Software and Data, Energy & Environment, Education. These three industries represent about 54% of the startups represented on the Startup Ecosystem Map of Madrid.
Madrid is Spain's 2nd best startup ecosystem and is ranked 10th in Western Europe. With a population of 5M - 10M people, Madrid is ranked th in the world. The city boasts some notable startup success stories including Seedtag and its startup ecosystem infrastructure is strengthened by organizations such as Telefonica and utopic_US Duque de Rivas.
If you are a startup ecosystem developer in Madrid, you can grow your startup economy by becoming a partner.
Do small countries have an edge in building a startup ecosystem? In this episode, the StartupBlink team and Eli David discuss the unique advantages of small countries for building a thriving ecosystem. In StartupBlink’s Global Startup Ecosystem Index 2022, 9 out of the top 20 highest-ranked countries had a population of less than 10 million, […]
Collaborating with StartupBlink as a data partner can bring a range of benefits to your organization and ecosystem. As the most comprehensive startup ecosystem map and research center, we publish the Global Startup Ecosystem Index Report (GSEI) annually, ranking the top 1,000 cities and 100 countries worldwide. StartupBlink’s GSEI is based on an elaborate algorithm […]
What is Absolute Power? Generally, StartupBlink’s GSEI scoring algorithm calibrates the countries’ total score to their population size to check the startup outputs of countries per capita. The “Absolute Power” algorithm ignores the size of the population and looks at the absolute amount of startup output per country to compare their dominance regardless of population […]