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Barcelona's Weekly Tech Update

Scott from Barcinno
Barcelona's Weekly Tech Update
By Scott from Barcinno • Issue #421 • View online
Hello and happy Monday,
Today’s main headlines:
  • Minoryx bags €51M 💸
  • New BCN web3 venture builder ⛓️
  • Google opens office in BCN 🏢
Barcelona a top 5 EU startup hub: what does it mean?
According to a ranking created by StartupBlink, Barcelona comes in 5th in the EU (not Europe!), behind Paris, Berlin, Stockholm, and Amsterdam. Globally, our city lands in the #37th place.
It remains unrivaled in Spain though - being the clear number #1 and even posing a higher total score than the next two cities (Madrid, Valencia) combined. It also looks slightly better on the global scale when only considering sectors like Foodtech (#15 place worldwide), energy & environment (#16) and ecommerce & retail (#21).
Of course, every ranking uses its own criteria. In this case, the factors considered were:
  • quantity (#startups, #coworks, #accelerators, etc) 
  • quality (traction, #unicorns, #exits, etc)
  • business (economic indicators at a national level)
On a  closer look, Barcelona’s score for quantity is between that of Berlin and Paris. The business score is also on par with top leaders in the EU. What stands out though is the quality score where the German and French capitals outscore us by 4x.
So what does it mean? Barcelona provides a good foundation for startups to set up base and the high Catalan entrepreneurial spiral is evident in the quantity score. What’s missing to take the next step and join the big guys at the very top is more quality. That’s why having more unicorns and exits is so important. This of course takes time, but more importantly speed. Leading startup hubs don’t sleep and will continue to grow and use their success so far to reinvest money and know-how into their city. So to catch up we need to outpace them. 
So let’s continue to network, work together & help each other out to accelerate the growth of our local startups.
Build great things! 🤝

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Scott from Barcinno

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