Google for Startups closed 2021 with really positive data. During 2020 he had to adapt to an unprecedented situation but was able to continue with the work that brought him to Spain in 2015: supporting the entrepreneurial ecosystem of our country and help you in your growth.
In 2021, growth has been remote – a formula that began in the midst of a pandemic, when the entrepreneurial community needed it most.
During the past 2021 and through training, mentoring and specific programs such as the Growth Academy, the community of entrepreneurs has felt just as supported as it was when it was operating from Campus Madrid. In fact, in this time, startups that are part of the community have garnered better growth data than those that are not yet part of the Google for Startups family.
For example, alumni startups that have raised funding have done so on average 115.9% more than non-alumni or also that the startups that have been part of Google for Startups have generated an average of 25% more jobs than those who have never participated in our programs. Also, it should be noted that the monthly income of alumni startups is 105% higher on average than that of non-alumni.
Data
These are the data collected by the Impact Report 2021 that reflect the growth of the Google for Startups community of entrepreneurs.
- In 2021 the startups of the community created 840 new jobs, which is 16% more than in 2020. In fact, 28.6% of startups attribute the hiring directly to said support, which is 57% more than the previous year. The figure rises to 7,173 since Google for Startups began its activity in 2015, and globally -if we add the jobs generated in the London, Sao Paulo, Seoul, Tel Aviv, Tokyo and Warsaw Campuses- there are 50,057 jobs in 2021 and more than 180,198 since 2015.
- The investment raised by the startups of Google for Startups in Spain has risen to 90.1 million euros, 44.86% more than the previous year, and 50.3% attribute these investments directly to support from Google for Startups. If we look back, since 2015, entrepreneurs have raised a total of 898.5 million euros.
- Also, 67.87% of startups have reported an increase in monthly income compared to 2020.
During 2021, Google for Startups has continued with the Growth Academy programs, focused on e-commerce, health and wellness, and digital transformation for SMEs. In total, in these three editions of Growth Academy:
- A total of 33 new startups have participated and have since become part of the community. Of these, 45.5%, almost half, had a woman on their founding team.
- If we look at the numbers, 48% of the startup teams that have passed through the Madrid campus in 2021 are women, a figure that increases by 27.38% compared to 2020.
