Entrepreneurship in Spain and Portugal

There is an increasing interest in the literature for the characteristics of the entrepreneurial ecosystems and the impacts caused by their activities. Silicon Valley or Israel is widely known as the main entrepreneurial ecosystems, but there are a lot of different cities and countries which are performing a great effort to become a worldwide reference in entrepreneurship. The purpose of this work is to analyze the Spanish and the Portuguese entrepreneurial ecosystems and identify strengths and challenges. The basic characteristics of both countries will be introduced, as well as the relevant points regarding policies for fostering entrepreneurship, tax benefits to entrepreneurial activities, special considerations for social enterprises, investors support and the main challenges faced by each country.