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More than 70% of emerging technology – based companies in Spain believe they will charge more abroad than in Spain three years from now. Specifically, companies plan to expand their internationalization in Mexico (70%) and Colombia (57%), the United States (55%), Chile (53%) and Portugal (50%), while 39, in the United Kingdom (47%)), Argentina (46%), France (45%) and Italy (42%) line up.
According to Report IV "Internationalization of the Spanish Startup", prepared by IE Business School, the European Union is the main market where Spanish start-ups offer their services outside of Spain, followed by Latin America.
The European Union represents the majority of customers, users or visitors of Spanish start-ups, although they are linguistic markets. different, which does not seem to be an obstacle to their entry. Latin America represents the second largest market in volume of users, visitors or customers.
Europe, the first source of income
In addition, Europe is positioned as the place of creation of external startups, especially for those who are based on the technology, especially those dedicated to e-commerce. In a second order, Latin America and the United States are placed in this order
Mexico and Colombia continue to be priority destinations in the internationalization or the rise of power. Spanish start-ups, but the United States occupy third place. The position and European destinations such as France, the United Kingdom, Portugal or Italy are on the radar
On the other hand, Spanish start-ups are very clear that their growth will be international or not. 84% of them consider that their activity abroad will be higher than the national before 2020.
For its external expansion, as it is consolidated, Spanish start-ups are starting to hiring employees or employees in other regions
In Latin America, 55% already have staff in certain modalities and an average of about 4 to 10 professionals in the region. In Europe, the percentage is even higher, 69% have employees / collaborators whereas in the United States, where the opening of activities is still nascent, the figure is lower.
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