Euskadi, the Basque Country of Spain, is rapidly emerging as a hub for technology and innovation. With a remarkable count of 895 technology and innovative companies, the region has created 8,919 jobs and achieved a staggering combined turnover of over €1.043 billion. In 2025 alone, these companies attracted more than €324 million in investment, which accounts for 10.09% of all startup investment raised in Spain.
These impressive figures are part of the Regional Report on Tech and Innovative Companies in the Basque Country, compiled by Scoutyn in collaboration with the Basque Government. The report paints a vivid picture of a thriving ecosystem that is not just surviving but flourishing.
The report reveals that the number of technology companies in Euskadi grew by 7.7% compared to the previous year. This growth is mirrored in the combined turnover, which increased by 26.6%, and employment, which rose by 7.5%. Notably, sectors such as biotechnology, energy, Industry 4.0, artificial intelligence, and cybersecurity are gaining traction, showcasing Euskadi’s ability to attract investment and develop cutting-edge projects.
A significant factor contributing to this success is the collaborative model that underpins the Basque technology landscape. The data reflects the concerted efforts of companies, entrepreneurs, technology centers, universities, investors, and public institutions. This synergy fosters an environment conducive to the creation, development, and growth of new business initiatives.
The report emphasizes the importance of the Basque scientific and technological infrastructure, highlighting the close relationship between innovation and industry. This connection is a hallmark of the Basque model, enabling the development of companies that specialize in high value-added fields.
Another critical aspect discussed in the study is the creation of new companies stemming from scientific and technological capabilities. Initiatives like Basque Tek Ventures are pivotal in promoting deep-tech startups in areas such as quantum computing, mobility, health, energy transition, and advanced industry.
The report also sheds light on the progressive maturity of businesses in the region. The 46 scaleups identified in Euskadi generate over 1,700 jobs and account for nearly €368 million in revenue. This reflects the capacity of many companies to consolidate their activities and transition into new growth stages, albeit with challenges related to management, business strategy, internationalization, and market access.
The relationship between startups and established industries is another focal point of the report. This collaboration accelerates the development of new solutions, facilitates real-world validation, and opens up new business opportunities. Open innovation initiatives, such as BIND, are instrumental in fostering partnerships between technology startups and leading companies across various economic sectors.
The data collected by Scoutyn indicates a positive trend across nearly all analyzed indicators, including the number of companies, employment, turnover, and investment. The report illustrates a reality characterized by a blend of technological capabilities, entrepreneurial activity, industrial specialization, and collaboration between public and private stakeholders. The more than €324 million raised in 2025, along with the concentration of over 10% of all startup investment in Spain, positions Euskadi as one of the most dynamic technological regions in the country.
