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The Canary Islands Startup Ecosystem has gone through major changes in recent years and has become a sought after destination for startups, founders and digital nomads. This portal shows the ecosystem’s potential and the factors that contributed to i

Explore the Startup Ecosystem Map of the Canary Islands


Comparative Analysis of Top Cities for Startups in Canary Islands

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Notable Startups
startup iconRobot Cache
startup iconITgallery
startup iconYawatt
Top Coworking Spaces
startup iconCoworking DYRECTO
startup iconSWAP Coworking
startup iconCOWORKINGC
Top Accelerators
startup iconmentorDay
startup iconArchipelago Next
startup iconBOXLAB 4.0
Notable Organizations
startup iconAsociacion Mentor Day
startup iconSocial MEDIA Managers
View complete Canary Islands startup ecosystem database

Canary Islands Ecosystem Landscape

Main Investment Initiatives
Public Sector Incentives
  • Residence Programme for entrepreneurs and qualified non-EU national workers to access fast-track visas.
  • No VISA requirement for your EU personnel as the Canaries are fully part of Spain and the EU.
  • PROEXCA offers free guidance on available incentives and soft-landing services for international startups and their staff to establish in the Canary Islands.
Taxes and Incentives
  • Lowest corporate tax in the EU: Canary Islands companies operate under a reduced tax regime of 4%
  • R&D & Innovation incentives: the Canary Islands Government offers to deduct up to 90% of R&D activities
  • Tax exemptions: Reduced Property Transfer Tax, Stamp Duty, VAT (7%)
  • Residence Programme for entrepreneurs and qualified non-EU national workers to access fast-track visas and there is no VISA requirement for your EU personnel (as the Canaries are fully part of Spain and the EU)
Investor Landscape
  • Sodecan (SODECAN) – a Government established corporation that provides loans of 200,000€ to 500,000€ for tech startups in the early and growth stages.

  • ProtoAtlantic – an accelerator program focused on promoting and developing the maritime sector in the Canary Islands.

  • Government subsidies and European funding opportunities.

  • Archipelago Next – an accelerator program and VC fund that offers access to 30,000€ to 100,000€ convertible loans, equity, partners, and an investors network.

Notable events
  • Mentor Daymonthly events, accelerators, resources and visibility for entrepreneurs;

  • Startup Weekend Tenerife – a 3-day startup event that brings together people from all over the Canary Islands;

  • Technology Parks- 3 Tech Parks offering a network for startup ecosystem stakeholders, workspace, incubation and accelerators;

  • WhyTenerife –the source of information, support and services relating to the promotion and development of the regional startup ecosystem;

  • Intech Tenerife - technology park situated in Tenerife;

Read more about Canary Islands startup ecosystem

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