New creative industries lab at Palo AltoUnit E at the Palo Alto complex is set to become a new lab for the city’s creative industries, the goal being to drive growth among companies in this sector, particularly those linked to audio-visuals and new sound and light technologies.
The new hub for creative industries will have 2,000 square metres of floor space and include flexible modules to house start-ups, experimental labs for the creative fabric to create new products and services using the most advanced audio-visual technology, and exhibition spaces to help creative talent get closer to the market.
The budget for the project is 5.5 million euros, which will be used to recondition the outside and the inside of Unit E, a listed heritage building, preserving original architectural features and the greenery which completely covers the façade.
Work gets under way in April 2022 and will take a year.
Over 8,100 companies in the city
The new lab will incentivise public-private collaboration to enable further growth in a sector which already has over 8,100 companies (11.8% of the total), providing work for 143,461 people in Barcelona’s workforce (13.7% of the total). These figures highlight how the creative industries are a key sector for the present and future in Barcelona, positioning the city as an international leader and the ninth city in Europe in terms of creative intensity.