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Everything you need to know about the startup scene in Madrid

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Madrid startup ecosystem

Madrid's startup scene is buzzing with energy, just like the city itself. Right in the heart of Spain, Madrid is home to a super diverse and innovative bunch of entrepreneurs, mixing creativity, tech, and business smarts.

Whether you're into fintech, healthtech, green energy, or AI, Madrid has a spot for you. The city’s got your back with plenty of coworking spaces and a solid network of incubators and accelerators.

Join our Madrid City Squad to connect with fellow innovators, swap ideas, and grow your startup in Spain’s lively capital.

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Mentors in Madrid

Andres Silva

A true globetrotter having lived in 7 different countries, I am a multicultural, mindful leader who has been mentoring and challenging others out of their comfort zone for over a decade while working with renowned billion-dollar brands like NIVEA, Oreo, M&M’s, and IQOS. Fueled by a passion for storytelling, brand building, animal welfare, and sports, I thrive on unleashing people’s potential through fostering growth mindsets and creating transformative marketing strategies that drive business impact.

Andres Silva
Global Marketing Director | Branding, Comms & Portfolio strategy | Expansion & Leadership
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Hi, my name is Miguel. I am a mentor from Madrid, Spain. I can help you to raise venture capital (10+ yrs of experience) and in business development strategy (sales above all)

Miguel Á. López Trujillo
Miguel Á. López Trujillo
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Frequently asked questions

Which industries or sectors are dominant in the Madrid startup ecosystem?

Madrid’s startup scene is diverse, with a strong presence in tech, fintech, healthtech, and renewable energy. The city is also seeing significant growth in sectors like e-commerce, edtech, and mobility solutions.

What are the key accelerators available for startups in Madrid?

SeedRocket, Wayra (by Telefónica), and Google for Startups Campus.

What local funding opportunities are available for startups in Madrid?

Startups in Madrid can access various funding sources, including venture capital firms like Kibo Ventures and Seaya Ventures, as well as public funding programs such as ENISA and CDTI. There are also angel investor networks like ESADE BAN and Madrid Network.

Are there any tax incentives designed to support startups in Madrid?

There are several tax incentives for startups, including deductions for R&D activities, reduced corporate tax rates for newly established companies, and specific incentives for hiring and training employees.

What is the cost of living and operating a business in Madrid?

The cost of living is relatively moderate compared to other major European cities. Renting office space can vary, but there are many co-working spaces available at competitive rates. Madrid offers a balanced environment with high quality of life and affordable operational costs.

What is the talent pool like in Madrid?

The city has a vibrant and skilled talent pool, supported by top universities and business schools like IE Business School and Universidad Politécnica de Madrid. The city attracts professionals from across Spain and internationally, providing a diverse and highly educated workforce.

How is Madrid's infrastructure conducive to startup growth?

Madrid’s infrastructure is highly supportive of startup growth. The city offers excellent transportation links, including a major international airport, high-speed trains, and a well-developed public transport system. Additionally, there is a robust digital infrastructure with widespread access to high-speed internet and technology hubs.

Are there any major networking events focused on startups in Madrid?

The city hosts several key networking events for startups, such as South Summit, Madrid Startup House events, and Emerge. These events provide opportunities for startups to connect with investors, mentors, and potential partners.

What is the regulatory environment like for startups in Madrid?

Madrid has a supportive regulatory environment for startups, with initiatives aimed at simplifying business creation and operations. The Spanish government has implemented various reforms to reduce administrative burdens and encourage entrepreneurship, making it easier for startups to navigate legal requirements.