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The Valencian Community, known for its rich history, vibrant culture and stunning coastline, is emerging as a hub of innovation and entrepreneurship in the aerospace sector. This sector is showing significant potential to become a relevant player within the Spanish aerospace landscape.

At the heart of this transformation is the city of Valencia, which is not only the capital of the community, but also the epicenter of a movement that seeks to position the region as a point of reference at national and international level.  All this with the support of institutions, universities and research centers, and the collaboration between companies.

The aerospace industry is a strategic sector that represents almost 7% of Spain’s industrial GDP, and from Espai Aero – the first aerospace association of the Valencian Community – is working to ensure that the Valencian Community represents a high percentage of that turnover and contributes significantly to the industrial and technological fabric of the region.

Regional business fabric: aerospace and aeronautics

The Valencian space sector is marked by the presence of small and medium-sized enterprises (SMEs) covering a wide range of the value chain. Although each segment has a limited number of companies, this diversity is a potential strength, as it encourages specialization and collaboration.
PLD Space, based in this region, is a clear example of the dynamism of the space sector. The company has secured an investment of €120 million – of which €42 million from the PERTE of a Spanish space launcher, driven by the Government of Spain, which the company won at the end of January 2024. Such investment reflects confidence in its potential to make a significant contribution to the sector. With the successful launch of its Miura 1 rocket and the planning of the Miura 5, PLD Space is positioned as a driving force in the industry, supporting the vision of the Valencian Community to become an aerospace innovation hub.

In terms of the aeronautics sector, the region stands out for its competence in MRO (maintenance, repair and operations). Although there is a notable absence of original equipment manufacturers (OEMs) and Tier 1 tractor companies (TIER1), the Valencian Region sees a significant opportunity in the UAV/drone sector. With accumulated experience in MRO, Valencian companies are well positioned to take advantage of the growing drone market, especially in commercial and surveillance applications.

Aerospace cluster

In this evolving context of the aerospace industry, Espai Aero – the first aerospace association of the Valencian Community – is born, a clear example of the ambition and collaborative spirit that drives the sector. Its objective is clear: to develop a comprehensive strategy to boost the growth of the aerospace sector in the Valencian Community, working in close collaboration with all relevant stakeholders, from companies, cross-cutting entities, government agencies to educational institutions and research centers.

Based in the city of Valencia, where most of the entities are located, they have grown from 6 to 20 partners in a single year: 2 startups, 2 universities, 1 public institution, 2 technology centers and 13 companies. Expectations go much further, since in the mapping that they update regularly, there are 80 companies that could contribute to the sector (63% in Valencia).

One of the companies to join this Association has been Deimos Space, an Invest in Valencia success story. The company specializes in a wide range of activities within the aerospace and engineering sector. Its focus ranges from design, project and development to production, construction and assembly of aerospace systems.

The president of Espai Aero and CEO of Comet Ingeniería, Pepe Nieto, highlights the unprecedented growth of SMEs in the space sector in the Valencian Community and the importance of joining as an association to generate synergies and join efforts. This collaboration is key for industrial and technological development, as well as for the creation of high added value employment in the region.

Here is the complete list of partners: NAX, ARKADIA SPACE, COMET INGENIERIA, PLD SPACE, ORBITAL EOS, FENTISS, UPV, UJI, AIDIMME, AIMPLAS, WEITEC, LOGO 2, CALSENS, DEIMOS, FI GROUP, AEROCAS, ABIONICA, URJATO, BOLLORE LOGISTICS, EQUIP ELECTRONICS.

Universities

The universities of the Valencian Community are pillars of knowledge and experience in the aerospace sector. They offer specialized educational programs and host active research groups at the forefront of aerospace technology.

The city of Valencia is home to the School of Aerospace Engineering and Industrial Design (ETSIADI) of the Universitat Politècnica de València (UPV), where the aeronautical engineering degree has been taught since the 2005/2006 academic year. As well as the Master’s Degree in Aeronautical Engineering. This institution has been instrumental in the training of a hundred engineers annually, who are contributing to the growth and innovation of the sector.

An outstanding example of active research groups is the UPV’s drone group, which not only contributes to the development of drones in the region, but also drives innovation at a national level.

Valencia also boosts entrepreneurship, and in fact there are already several spin-offs in the sector that have emerged from the UPV, such as fentISS, which specializes in the development of system software for critical real-time systems onboard satellites, and DAS Photonics, which develops products based on photonic technology.

Conclusion

In summary, the Valencian Community, with Valencia at the forefront, is positioning itself as a center of excellence in the aerospace sector. Through education, innovation and collaboration, it is laying the foundations for a bright future in which the sky is not the limit, but the starting point towards new frontiers and opportunities.

Our partner of the month for May, BDO, is a great ally for both foreign investors and Spanish companies seeking internationalization. Like Invest in Valencia, the key to their global success lies in collaboration. This spirit of cooperation is why we’re dedicating this space in our blog to them. 

BDO Valencia is led by Javier Gómez-Ferrer, partner and head of the Valencia office. He is joined by Lucía Segarra and Víctor Gisbert, forming a multidisciplinary, young, and dynamic team. Their strength? Adaptability, the great challenge of our times! They excel by constantly adapting to different sectors and environments, focusing on clients, their needs, and their growth to constructively face new challenges. And the formula is working—2024 is proving to be a particularly productive year for BDO Valencia. 

 

We spoke with Javier, Lucía, and Víctor to gain their professional insights on the keys to successfully investing and starting a business in our city. 

 1. Valencia as a magnet for foreign investment

According to Javier Gómez-Ferrer: “without a doubt, Valencia is a very attractive place for foreign investors. It is increasingly becoming a city where different industries, professionals, and talent converge. Its geographic location, climate, and quality of life significantly attract innovative talent.”

2. What investors need to know

“It is important for those who want to establish a stable project here to have the peace of mind that comes with quality legal advice. This allows them to focus on the business while relying on the legal security provided by a team like ours,” continues Javier.

3. Experience and globalization for goreign investors

“Helping foreign companies establish themselves in Valencia—either through the incorporation of subsidiaries or through M&A—is part of our daily work. Equally, we assist Valencian companies seeking internationalization. Knowledge of applicable regulations, previous experience, and a good relationship with BDO’s global network are fundamental to our success. Often, foreign clients need a liaison with local institutions. We understand their needs and strive to provide comprehensive services,” says Lucía Segarra Cobo, director of the legal department in Valencia.

4. The importance of business partners

“It’s about establishing a relationship of trust with the client and providing solutions to ensure the best possible user experience,” continues Lucía.

5. Avoid main obstacles for investors

For Víctor Gisbert, Director of the Tax and Outsourcing area, “any company implementation in Spain involves tax and accounting challenges, employee postings, payroll, etc. At BDO, we coordinate the various areas involved to ensure the process is as efficient as possible. This relieves clients of bureaucratic burdens and advises them on the best tax strategies for optimal resource utilization.”

6. Advantages of Valencia compared to Other Spanish Cities

“Significant steps have been taken to make Valencia competitive from a fiscal standpoint, with key modifications to regional taxes, such as significant reductions in the Inheritance and Donations Tax, and interesting tax reductions by the City Council of Valencia. The more fiscally competitive we are, the easier it will be for Valencia to stand out as a prime location for business implementation,” Gisbert concludes.

7. Dialogue with Institutions

Finally, Javier Gómez-Ferrer stresses the importance of having the right allies. “Our relationship with Invest in Valencia is a significant asset to our services. It’s a great institutional initiative that offers our clients a direct dialogue with Valencian institutions, providing confidence and security for local implementation. We’re delighted to support Invest in Valencia with our legal and tax advice to potential investors in the city. This partnership not only aligns with our work but also contributes to making Valencia more open, dynamic, and innovative.” 

 

The German company Otto Group Solution Provider (OSP) has inaugurated its new office in Valencia. This significant event was organized by our office, represented by Project Manager Guillermo Sánchez, and chaired by OSP directors Leticia Vila-Coro and Viviana Troccoli. The ceremony was attended by key figures such as Ester Olivas, General Director of Entrepreneurship and Internationalization; Paula Llobet, Councilor of the City of Valencia; José Vicente Morata, President of Cámara Valencia; and Luz Martínez, Director of Cámara Internacional.

During the meeting, the company’s detailed expansion plans were discussed, highlighting OSP’s implementation in Valencia. Since opening their new headquarters, they have already employed 25 people and have new vacancies available.

Ester Olivas congratulated OSP for choosing Valencia, emphasizing the Generalitat’s efforts to position the Valencian Community as a premier destination for business development. She stated, “The Valencian Community is a first-class reference for the development of business projects, capable of hosting all kinds of projects.”

Headquartered in Dresden with seven other offices across Europe and Asia, OSP is more than just a technology company. It drives IT projects and software development for the Otto Group and other companies in omnichannel, e-commerce, mobile, and logistics fields.

Since its founding in 2018, OSP Spain has experienced steady growth, with offices in Madrid and Malaga, and now, a new hub in Valencia. Employing over 150 people, the company specializes in areas such as Software Engineering, Software Development, Business Intelligence, Business Analysis & PO, SAP, Agile Coaching, and UX/UI Design.

OSP Spain’s project in Valencia has received substantial support from Invest in Valencia, the city’s investment attraction office. This success story further consolidates Valencia as an attractive and competitive investment destination.

Valencia: A Commitment to Growth

OSP Spain’s recent expansion to Valencia has proven to be a strategic success, with the company now employing 25 people in the new hub. To sustain and encourage this growth, OSP Spain is implementing several strategies to expand its team in Valencia further. The new hub not only enhances the company’s regional presence but also underscores its commitment to innovation and excellence in IT services.

Leticia Vila-Coro, Managing Director of OSP Spain, commented, “We chose Valencia because of the quality of professionals, especially in the IT sector. Our next steps here are linked to growth and collaboration with OSP and other companies in the group.”

The project has been advised by Inmobiliaria Calatayud.

About Otto Group

The Otto Group, a German multinational, began as a catalog sales company in Hamburg and has evolved into an international conglomerate with 30 major companies, over 50,000 employees, and operations in more than 20 countries. The group operates in sectors such as retail, e-commerce, financing, logistics, and mail order, excelling in B2C e-commerce, particularly in fashion and wellness, with around 100 online stores worldwide. The group’s focus is on responsible e-commerce and innovation.

The first episode of our new podcast features Paula Montesa and Ximo Barrachina from MaibornWolff’s Valencia office, a German tech company that rapidly expanded to 45 employees in three years and one of Invest in Valencia’s Success Stories. 

David Valls, Invest in Valencia’s project manager, brilliantly engages in a very interesting conversation with Paula, who displays the office’s inception and challenges, while Ximo shares insights into the company culture and personal growth. They also outline future plans for growth and discuss Valencia’s potential as a tech hub. Overall, it offers valuable insights for those interested in international team building and Valencia’s appeal to tech companies.

You can also listen to it on Spotify and Apple Podcasts

Don’t miss out!

https://www.youtube.com/watch?v=vl4_MtODWoE

The Invest in Valencia Podcast is produced by the team at Spectral. If you’re a founder or investor who wants to create compelling content and build your personal brand, you can email Spectral’s founder Yash at yash@spectral.to

Behind our first partner of the month are the Cambralla brothers, Victor and Nacho, who have put in years of hard work and innovation. With three locations in Valencia and a plethora of professionals passing through, Wayco has become an undeniable presence in the city. But to say that Wayco is ‘only’ a coworking space is a massive understatement. 

“The best thing about Wayco is the atmosphere we create—a mix of productive work and opportunities for growth and relationships.”

Where does Wayco come from?
Wayco was born in the aftermath of the 2008 financial crisis, from Victor Cambralla’s desire to create a space to support entrepreneurs during a time of high unemployment in Spain. 

You interact with international entrepreneurs and professionals daily. What are the main obstacles they encounter when they arrive in Valencia?
The lack of knowledge about local peculiarities, both administratively and in terms of recruitment and talent attraction. Connecting with the city’s ecosystem and contacts can also be challenging. Entities like Invest in Valencia, coworking spaces like Wayco, or associations like AJEV and Startup Valencia play a crucial role as facilitators for these companies and entrepreneurs. 

How do you promote this integration?
We organize events to strengthen ties between members, such as our CO Breakfast, where new members introduce themselves to veterans, or our Speech&Beer and Wayco Inspira sessions, which focus on introducing relevant and inspiring people and projects. 

How has the coworking concept evolved since you started?
Ten years ago, we mainly had freelancers and SMEs with few employees, but now we cater to companies of any size. We’ve adapted our spaces and services accordingly to accommodate this diverse clientele. 

What measures have you implemented to remain relevant and attractive over the years?
We’ve introduced larger private offices for international companies, expanded our collaborations with key players in Valencia, and continuously enhanced our spaces to make them more creative and comfortable. 

What is the unique feature that differentiates you from other coworking spaces?
In Valencia, we’re the only coworking space with our own cafeteria—the “social lung” of our community—where members can connect and unwind. 

What would you say are the top 3 benefits of being part of Wayco?
The vibrant atmosphere conducive to both work and networking, the size and diversity of our community across three locations, and the wide array of initiatives happening in our spaces. 

What is the most interesting collaboration story that has emerged within the space?
Since launching the Wayco fund for women entrepreneurs four years ago, we’ve discovered many fascinating projects. For example, one of the 2023 winners, We The Root, proposed to continue collaborating, leading to the launch of the Wayco Inspira initiative. 

What’s the strangest or most original request you’ve received?
We’ve been asked to host DJ training sessions, massage courses, and even present a new vehicle within our coworking space. While some requests were too complicated to fulfill, others, like setting up an electronics laboratory, were more feasible. 

Beyond workspace, what additional services do you offer?
In addition to workspace, we provide event spaces with catering services, unique experiences like our “Paella Experience” on the terrace, podcast recording rooms, and coliving arrangements through our brand 4wanders. 

In numbers, how many professionals have passed through the three Wayco spaces?
While it’s challenging to provide an exact number, we estimate that several thousand professionals have passed through our spaces over the years, given our total capacity of around 600 seats across three locations. 

Is there any professional profile with special relevance?
We’re proud of entrepreneurs like José Abedín, who started his journey at Wayco in 2015 and grew his company to a team of over 10 people. Additionally, notable businesses like Datamaran, Growpro, and Triodos Bank have either been or are currently part of the Wayco community. 

What has your partnership with Invest In Valencia brought to Wayco?
Our partnership has provided us with significant visibility among companies considering settling in Valencia, as well as valuable relationships and business opportunities. One highlight is our collaboration with AVIATAR from Lufthansa Technik, for whom we provided a temporary office while they waited for our Wayco Cabanyal location to open. 

You are the first Invest in Valencia Partner of the Month…
It’s an honor to be chosen as Partner of the Month, although it’s not something we pursued. We encourage all partners to provide excellent service and foster relationships with Invest in Valencia, as we share a common goal of generating opportunities for our city and contributing to its economic growth. 

Platjabot, the device created by Invest in Valencia success story Umibots, is poised for testing in Las Arenas in April. The Urban Sandbox ordinance, recently greenlit, adopts a one-stop-shop model, facilitating real tests to boost innovative and technological projects in the city. The aim is offering companies the opportunity to test their products in real environments to ensure their success. 

Valencia’s commitment to becoming an experimentation hub for prototypes and cutting-edge projects, addressing urban challenges, is evident in the ambitious Urban Sandbox initiative. Paula Llobet, Councillor for Innovation, Technology, Digital Agenda, and Investment, emphasizes Valencia’s pioneering role in Europe, stating, “the Urban Sandbox turns the city of Valencia into a real experimentation scenario and consolidates it as a leading city in innovation We are the first in Spain to launch such an ambitious Urban Sandbox.”

This initiative aligns with the goal of achieving climate neutrality by 2030 while promoting business productivity and competitiveness, contributing to the knowledge society, enhancing public services to meet evolving citizen needs, and fostering an innovative ecosystem and culture. 

With the Living Lab and the Sandbox ready, Valencia now possesses two out of the three experimentation spaces prioritized by the European Commission to promote innovative experimentation policies among member states under public-private collaboration frameworks. 

 

PLATJABOT, one of the first projects to launch in the Sandbox 

PlatjabotTests will take place in April at post 3 of the Malvarrosa beach, next to the Hotel Las Arenas. The Platjabot, designed to transform beach cleaning, features a sophisticated system for selecting, vacuuming, and accumulating debris from the sand. Like domestic robot hoovers, Plajtabot can be configured according to the time of day, weather conditions or beach saturation. Its advanced technology provides up to 19 hours of autonomy, covering around 4000m² per hour, with anti-vandalism measures and optimal sensors for triple security. While the initial tests focus on the beach, Platjabot’s applications extend to urban parks, recreational areas, golf courses, and various sandy terrains.

Valencia City Council has announced additional projects in the Urban Sandbox, including the adaptation of lampposts for electric vehicle charging and innovations in sports facilities to reduce energy consumption. 

About UMIBOTS 

UMIBOTS, having arrived in Valencia with the support of Invest In Valencia in May 2023, focuses on autonomous and electric robots for urban mobility. The company, with four employees, achieved a turnover of €200,000 last year. UMIBOTS boasts the UMI-MARKET project, an award-winning app-based purchasing system, and is currently developing the UMI-CLEAN, an automatic cleaning robot for indoors and outdoors.  

 

If you’ve been fortunate enough to experience Valencia during the Fallas festival, you’ve witnessed firsthand the grandeur of this quintessential Valencian celebration. Even if you’re from outside Spain, chances are you’re familiar with its significance. It’s no surprise that Las Fallas ranks as the most searched popular Spanish festival worldwide on Google, followed by the Sanfermines and the Feria de Abril. In 2023 alone, it garnered a staggering 1,355,620 searches, marking a 31% increase from the previous year. The search volume peaked in February and March, with 225,930 and 577,430 searches, respectively. 

These insights are derived from a report by the Cluster of Innovative Companies for Tourism in the Valencian Community (ADESTIC), which also highlights the festival’s international appeal. Italians (17.4%), Americans (16.5%), Mexicans (15.7%), and French (10.5%) exhibit the most interest in this iconic event outside Spain. 

Further data from the Economic Impact Study conducted by the Chair of Sustainable Economic Model València i Entorn at the University of Valencia underscores the Fallas’ significance. It reigns as Spain’s leading festival in terms of employment generation and economic impact, with a staggering 732.6 million euros contributing to the economy in 2023. This investment translates to 6,500 jobs and 180 million euros in income. 

On an individual scale, Fallas families contribute an average of €1,760, totaling €74 million, while commissions invest nearly €35 million. Visitors and residents collectively spend close to €269 million, with companies and public administrations investing €8 million and €11 million, respectively. This economic activity accounts for 0.29% of the province of Valencia’s GDP, 0.14% of the Comunitat Valenciana’s GDP, and 0.53% of employment in the province compared to 0.28% in the Comunitat.
 

Cost Breakdown: Creating a Fallas Monument 

As for the cost of constructing Fallas monuments, expenditures vary, with the 384 fallas commissions collectively spending 8.84 million euros in 2023. Notably, the Special Section Fallas, renowned for their size and spectacle, lead expenditures, with the Jerusalem-Matemático Marzal Convent investing €245,000 this year and the Falla del Ayuntamiento allocating €239,000, its largest budget to date. 

 

Additional fascinating Insights: 

– 353 traffic closures and 283 marquees set up in Valencia 

– Over 5,000 officers and 460 firefighters ensuring public safety 

– €2.74 million spent by the City Council on cleaning services 

– 133 stalls offering chocolate, churros, and buñuelos 

– Nearly 2 million visitors during the festival’s five main days, with hotel and turistic acommodation occupancy ranging between 75% and 90% 

– Over 100,000 falleros participating in the floral offering, presenting nearly 100,000 bouquets to the Virgen de los Desamparats. 

La Harinera de Valencia has just been officially inaugurated. The official opening is graced by the presence of María José Catalá, the Mayor of the city, Paula Llobet, Councilor for Tourism, Digital Agenda, Innovation, and Investment, alongside various institutional authorities and key members from the Valencian entrepreneur and innovation ecosystem. Invest in Valencia’s director, María Escartí, has introduced the soft- landing services that will be offered from the new space. This historic Grao factory from the early 20th century is now poised to reawaken, harnessing the potential of its expansive 5,000 square meters of floor space. 

Inauguración Harinera

Designed to serve the city and, alongside Las Naves, emerge as the new public innovation entity, both entities boast an ambitious objective of positioning themselves as a significant innovation hub, akin to those in European cities such as Berlin, Paris, and Amsterdam, with a combined space of over 10,000 square meters. 

Beyond technological and innovation projects within the iconic Grao building, the initiative also includes the promotion of a gaming hub: Valencia Game City. Paula Llobet, Councillor for Tourism, Digital Agenda, Innovation, and Investment, highlights the remarkable standing of Spain’s premier training school and seventh globally, along with the international event Dreamhack, drawing 70,000 attendees annually. Llobet underscores the importance of fostering an industry that retains students in the city. 

In line with this vision, the initiative will offer training and support to universities, facilitating the integration of their students into the job market to promote quality employment and retain talent in the city. 

Investors meeting point 

One of the captivating initiatives set to unfold within the revamped Harinera is the introduction of a soft-landing service, aiding foreign companies seeking to invest in the city by streamlining legal and physical establishment processes.  

This will be a first point of contact for international companies, providing access to specialized talent, compatible spaces, and quality networking, with temporary offices available for their initial steps. 

Inside La Harinera de Valencia 

La Harinera, an industrial heritage of the city dating back to 1923, has undergone restoration that preserves its original essence while making it a functional space. The complex includes a main building with five floors, an annex building, a street-accessible cafeteria, a bioclimatic garden courtyard, and a third building. 

Situated on Juan Verdaguer Street, within La Marina de Valencia in the Grao district, La Harinera is part of the dynamic Poblados Marítimos, the city’s seafaring district. El Grao has seen the development of strategic projects in recent years, establishing itself as a hub for economic development and innovation, hosting various initiatives like EDEM Business School, Lanzadera business incubator, Angels investment company, Veles e Vents, Innsomnia accelerator, and coworking spaces like Wayco or Vortex, or the upcoming opening of The Terminal Hub. Today, it stands as a privileged location for entrepreneurship. 

 

The city of Valencia is firmly committed to fostering a sustainable society where innovation and entrepreneurship go hand in hand. Progressing in this direction, we are proud to announce a significant milestone that brings Valencia closer to the objectives outlined in Missions València 2030 and the Estrategia Urbana València 2030.

Valencia has been accepted into the European Network of Living Labs (ENoLL), recognizing the city’s efforts in promoting innovation. With this achievement, our city joins over 480 members in Europe and worldwide, comprising a prestigious and independent non-profit organization dedicated to fostering an open and global innovation ecosystem for co-creation and collaboration.

But what exactly is a Living Lab?

Living Labs (LLs) are open innovation ecosystems operating in real-life environments, employing interactive feedback processes throughout the lifecycle of innovation to generate sustainable impact. They emphasize co-creation, rapid prototyping and testing, as well as scaling-up innovations and businesses, thereby providing various forms of joint value to the involved stakeholders.

In this capacity, living labs serve as intermediaries and orchestrators among citizens, research organizations, companies, and government agencies.

This membership grants Valencia access to a range of resources and services, including tailored innovation programs, working groups of Living Labs members, and various networking activities.

Valencia submitted its application to become a Living Lab city last November and has recently received approval from ENoLL. Building upon this success, the city council has confirmed the imminent launch of the Valencia Urban Sandbox, the regulation of which has been under discussion over the past few months.

But what exactly is an Urban Innovation Sandbox?

A sandbox is a controlled and secure testing environment where technological innovations can undergo testing before being commercialized and implemented. The aim is to provide companies, startups, and academic institutions with a suitable location in the city to test their inventions with streamlined bureaucracy.

This initiative aligns with the goal of achieving climate neutrality by 2030 while promoting business productivity and competitiveness, contributing to the knowledge society, enhancing public services to meet evolving citizen needs, and fostering an innovative ecosystem and culture.

With the Living Lab and the Sandbox (almost) ready, Valencia now possesses two out of the three experimentation spaces prioritized by the European Commission to promote innovative experimentation policies among member states under public-private collaboration frameworks.

Over the years, ICT job and talent specialists have emerged as highly sought-after professionals, with a robust ICT profile being particularly esteemed. This trend is expected to persist in the medium and long term, becoming a pivotal factor for companies and investors in shaping strategic objectives, especially when expanding operations beyond their home borders or venturing into new markets.

According to Eurostat data, in 2021 approximately 60 to 70% of companies that were recruiting or trying to recruit ICT specialists faced difficulties in filling those vacancies. The European Union saw over 9 million people employed in the sector in 2022, with Germany hosting one-fifth of them (2.1 million) and Spain ranking third with 0.9 million professionals.

Delving into the data, the numbers add up for Spain. The third European country with the most employed ICT professionals with fewer than 33% of companies experiencing difficulties in securing qualified ICT personnel. This contrasts with other EU nations, such as Slovenia, leading with a 78% difficulty rate, followed by Luxembourg with almost 71%, and the Netherlands with just over 70%.

Some of the challenges encountered by companies when searching for ICT specialists, are lack of relevant qualifications and experience and high salary expectations. Difficulties that are largely addressed and solved in Valencia. Spain, and particularly Valencia, has proactively implemented measures to address the surging demand for technological talent, making easily accessible and affordable highly qualify professionals—two fundamental aspects for innovation companies and start-ups as we have mentioned before.

Education plays a crucial role in these measures. The Polytechnic University of Valencia claims to be the best polytechnic university in Spain, leading the production of tech talent. The University of Valencia ranking among the top 3-7 best universities in Spain and the top 400 globally (2023 Shanghai Ranking about worldwide universities). Valencia itself stands out as a premier Erasmus destination for various reasons and more than 3,500 engineers and data scientists graduate annually in the Valencian Community.

The city’s attractiveness to international job and talent is evident in the enrolment of over 15,000 foreign students in Valencian universities. Many of these students, drawn by the city’s favourable conditions in terms of employability and quality of life, end up contributing to the pool of specialized talent sought after by companies.

And if all this information wasn’t enough for you to consider your company landing in the city, there is more. A high turnover becomes a multidimensional problem for companies, right? Well, according to a recent study on labor turnover in Spain elaborated by Randstand Research (2022), the average annual turnover of Spanish companies was at 17.0% in 2022. In this study the Valencian Community stands out for having the second lowest turnover rate in Spain, at 11,7%. The autonomous communities with the highest level of turnover are Andalusia (23,7%) and Navarre (23,2). Madrid’s turnover rate is set at 15,6% and Cataluña’s at 16,0%.

As you can see, there are many reasons to consider landing a business in Valencia. Shall we talk about it?

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