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The latest GEM Spain National report shows the state of innovative entrepreneurship in the country has made a comeback. The report showed that the business services sector B2B is consolidating its position as a niche for medium-high technology entrepreneurship.
With a sample covering 36, people aged between 18 and 64 throughout the country, the report presents a positive diagnosis of the recovery of Total early-stage Entrepreneurial Activity TEA to pre-pandemic levels. The report also highlighted that women and men, regardless of whether their income level is high or low, are equally entrepreneurial.
It also highlights that the percentage of those who intend to start a business in the next three years is 9. However, out of the 48 countries analyzed, Spain is among those in which the environment conditions for entrepreneurship are perceived to be the worst, although it maintains an average level of innovation, a position similar to that of Italy. Although it still ranks behind its benchmark countries high-income countries in the early-stage Entrepreneurial Activity TEA rate, the percentage of business closures in Spain is the lowest in its group, consolidating Spain as a favourable environment for the survival of entrepreneurial initiatives.
The highest rates of entrepreneurship are found at higher education levels. Moreover, among those who have completed a Master's Degree or Doctorate, the percentage of female entrepreneurs is significantly higher than that of men, especially in the early-stage of entrepreneurial activity TEA.
