The Canary Islands‘ entrepreneurial ecosystem has seen significant growth, generating over 27 million euros in revenue. With 75 technology start-ups and 55 companies in expansion, the region ranks 13th nationally, contributing to 630 jobs and attracting an investment of 804 million euros in 2024.
Key Sectors and Growth
The Canary Islands have emerged as a hub for innovation, particularly in cloud-based systems, tourism, and marketing. This thriving ecosystem is part of Spain’s broader entrepreneurial landscape, which has seen the value of technology start-ups surpass 100 billion euros in 2023. These companies are becoming vital to Spain’s economic development, driving both innovation and job creation.
Leading Companies
Several companies are at the forefront of this growth. Notable among them are:
- AdQuiver: With over half a million euros in accumulated investment, AdQuiver specializes in data-driven solutions for businesses and tourist destinations, making it a key player in the Canary Islands’ innovation ecosystem.
- BlueNewables: This company, which focuses on harnessing energy from the seas and oceans, boasts an average turnover of 1-2 million euros and employs nearly 50 people. It also serves as a consultancy firm for offshore platforms.
- Be Ambassador: Operating in over 12 countries with an investment of more than half a million euros, Be Ambassador allows companies to create and manage networks of brand ambassadors among their employees.
- Hoteligy: In just five years, Hoteligy has become integral to over 50 hotel complexes in Spain, offering digital solutions for information, processes, and communication in the hospitality industry.
- EnergyRIS: Founded in 2023, this company leverages over 20 years of experience from its founders at the University of La Laguna. EnergyRIS is quickly becoming a leader in the energy sector, providing data-driven solutions to address complex climate challenges.
Patio Innovation & Startup Campus
The Patio Innovation & Startup Campus, a non-profit association, has become a cornerstone of the Canary Islands’ innovation and entrepreneurial ecosystem. It brings together the region’s leading start-ups, driving both local and national business development.
As the Canary Islands continue to develop their entrepreneurial landscape, these companies are setting the stage for future growth and innovation, solidifying the region’s position as a key player in Spain’s economic and technological advancement.
