Impact Hub Madrid: Entrepreneurs attribute over 27% of their success to coworking

This article was written and published in Spanish and has been translated into English via Google Translate. Click here to read the original article.

Entrepreneurs attribute more than 27% of their job success to belonging to a coworking agenda, according to the survey prepared by Impact Hub Madrid for their members.

Throughout 2018, respondents have identified an average of 2.8 opportunities per new project.

In addition, 71% acknowledge that their turnover increased during 2018 and 34% state that it has not only grown but at least doubled the results obtained the previous year.

According to survey data, in a year the members have seen their ideas and projects grow

If at the beginning of 2018 5.3% indicated that their company or project was in the process of expansion, this figure has reached 19.7% at the beginning of 2019.

It should also be noted that the percentage of projects in the intention phase was 55.5% at the beginning of 2018 and 18.4% one year later, evolving into new development phases.

As noted by the Director General of Impact Hub Madrid, Antonio González, in 2018 its members have grown at the same time as Impact Hub itself with two new spaces in Madrid and a third opened in March 2019, in Torre Picasso.

Inspire, connect and drive

In relation to the triple mission of Impact Hub, to inspire, connect and promote, survey participants respond that 61.7% have generated new ideas; 65.3% have learned about new topics and trends; and 68.3% have reinforced their personal motivation.

Related, 65.8% have connected with advisors and experts; 78.2% feel part of a community; and 70.6% have collaborated with other members.

Regarding the Impulse, 56% has accessed new clients or beneficiaries; 59.3% have gained visibility and credibility; and 75% have accessed better work infrastructure.

Funding sources

Over the past year, 31% of member organizations received some type of funding.

In addition, the average investment received has grown by 30% in the last year.

The main source of financing (in 44% of cases) was private investment. It is followed by equity (31%), banks, foundations and donors, and public agencies (28%).

To a lesser extent they have received funding from international aid agencies, awards or scholarships, microfinance institutions and family and friends.

This article was written and published in Spanish and has been translated into English via Google Translate. Click here to read the original article.

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