It seems that being international is one of the best guarantees for growing a business, and that is why more and more Spanish entrepreneurs are deciding to go abroad and innovate.
According to the Global Entrepreneurship Monitor Report (GEM), prepared by the Santander International Entrepreneurship Center (CISE), the RED GEM Spain Association, the Rafael Pino Foundation and Banco Santander, of In 2016, entrepreneurial initiatives that marketed outside of Spain grew by almost seven points compared to the previous year, from 20.9% to 27.8%. In addition, 36.3% of entrepreneurs have done so with an innovative orientation. Every 4 out of 10 entrepreneurial products or services stand out for their originality in the market and, this is one of the main reasons, that makes the driving startup grow. In this sense, 70.2% of the people who undertake do so because they detect an opportunity, a gap in the market that needs to be filled for the first time or that can be covered with better results than existing competition. [bctt tweet="70.2% of people who #emprende do it because they detect an opportunity” username="intellectium "] This figure contrasts with 26% of people who start a business out of necessity. During the years of crisis, this percentage mentioned above doubled, since there was no other way out, but now the balance is positive. People do not undertake so much out of obligation but out of vocation. Therefore, the most pessimistic fact that we can find in the GEM Report is the fear of entrepreneurship because of possible failure, which has gone from representing 43% to 45%. However, the population increasingly identifies entrepreneurs as role models and admiration.
What is GEM?
Global Entrepreneurship Monitor (GEM) is the most important observatory on entrepreneurship. Spain has an enormous amount of data relating to the entrepreneurial phenomenon. This Report seeks to convert all these data into useful information for society, seeking to set challenges for planning actions that enhance entrepreneurial and innovative capacities. GEM's activity began in 1999 by the London Business School and Babson College. It was conceived as a comprehensive information tool, to provide data to feed research related to entrepreneurship. Source: Global Entrepreneurship Monitor (GEM) Report
