Madrid is one of the hottest startup hubs in Europe, with €269M invested in venture capital in 2014. It has many universities, incubators, accelerators, and an active entrepreneur community that holds frequent meetups, hackathons, and events. Tetuan Valley is a nonprofit pre-accelerator that has worked with first-time entrepreneurs for 5 years, while BISA focuses on developing the Salamanca startup ecosystem and has supported hundreds of startups.