Entrepreneurship with a goal is the key to economic recovery

The Impact Hub network presented the “2020 Impact Ecosystem Index”, which shows how determined entrepreneurship is the key to economic recovery and contributes to a balanced and sustainable development of these ecosystems. This is the first report that defines, measures and establishes a ranking of the impact ecosystems of entrepreneurship in Spain in which Araba, Madrid, Gipuzkoa, Girona and Barcelona are the provinces that promote them the most.

This index prepared by the Impact Hub network, which makes up the Impact Hub of Barcelona, ​​Donostia, Madrid, Malaga and Zaragoza, has carried out an exhaustive analysis, which collects information from more than 130 data sources and reports, in a multidisciplinary analysis perspective that facilitates an x-ray to stimulate impact ecosystems. In this way, a strategic decision-making tool is offered to the entire Spanish impact entrepreneurship network. In addition, following the monitoring of ecosystems, a ranking of impact ecosystems was prepared with the aim of generating and nourishing a necessary debate in our country.

“With the ‘2020 Impact Ecosystems Index’, we want to better understand the present of our ecosystems in Spain, their evolution and their challenges and contribute with this analysis so that it serves as a guide to build a more sustainable future with a positive impact” , says Alberto Alonso, coordinator of the Iberian Impact Hub network and head of the study.

The importance of impact ecosystems

Ecosystems are the source of life both in nature and in the economy. An ecosystem generates strength through interdependence, allows its habitat to unite in the pursuit of the common good, it is as rich as it is diverse, it manages to be so, builds resilience and is endowed with mechanisms of defense towards the outside which at the same time function like care towards its inside. However, its strengths are as robust as its balances are fragile. Studying, understanding, protecting and enriching them so that they create more life and better quality is not only essential in nature, but also for the economy.

Impact Hub is currently the greatest expert in entrepreneurship ecosystems since for years it has focused its gaze to understand them and analyze all the elements that make it up: people and institutions, jointly responsible for development and evolution. ; the community, which seeks to maintain balance, the common good; the environment or context; and the correlations established between the different members.

In the same way that the Amazonian ecosystem is completely different from that of the Sahara Desert, entrepreneurial ecosystems in Spain present a very different aspect which has been the subject of an exhaustive analysis for the realization of this index.

Provincial Ranking

To understand the situation and behavior of impact ecosystems in the 50 provinces of our geography, two types of analyzes were carried out in relation to 133 variables. On the one hand, a conglomerate model was developed which structures the data into 5 groups and, on the other hand, a factorial correspondence analysis.

The groups will be formed as follows, with 1 and 2 being the best placed and groups 4 and 5 the worst:

Group 1: north-eastern area (Basque Country, Navarre, Lleida and Tarragona). Group 2: the two big cities, Madrid and Barcelona, ​​as well as Girona. Group 3: rest of the northern zone (Galicia, Cantabria, Asturias) and Aragn. Group 4: south (Andalusia, Canary Islands, Balearic Islands, Levante, Murcia). Group 5: center (Castilla Len, Castilla-La Mancha and Extremadura).

On the other hand, the 10 provinces that occupy the first positions in impact ecosystems in Spain are: Araba, Madrid, Gipuzkoa, Girona, Barcelona, ​​Biscay, Lleida, Navarre, Tarragona and Huesca.

Conclusions of the analysis

The analysis developed by the “Impact Ecosystem Index” confirms that:

Growth in the current economic and social model is directly proportional to the deterioration of the environment in which it occurs: the greater the economic and social development, the greater the pressure on the environment.

Impact entrepreneurship breaks this toxic relationship, through a perspective that integrates growth through sustainability as a cornerstone.

Entrepreneurship is capable of generating virtuous circles: in ecosystems where the harmony between the three axes (Economic-Business, Sociocultural and Environmental) is greater, the growth of new projects and impactful businesses occurs in a more natural way. , which in turn affects the improvement of the three axes in the future and in a balanced way.

The best valued ecosystems are not necessarily the largest or most populated areas. Less populated areas or areas without large cities obtain very high and distributed scores and thus promote impact entrepreneurship. Along with Madrid and Barcelona, ​​the most dynamic ecosystems are the Basque, Catalan and Navarre provinces.

The ecosystems best connected to the outside are the richest and the most innovative.

The most interdependent ecosystems and with stable internal links are those that collaborate and cooperate more and generate greater resilience.

It is necessary to promote networks, programs and projects that make it possible to connect more and better the ecosystem, because the different ecosystems of the country are particularly under this characteristic, fundamental for the development and amplification of entrepreneurial ecosystems.

The scope for improving connectivity is very large across the country and will be a key factor in the post-COVID-19 recovery.

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