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| Madrid Emprende | |
|---|---|
| Name | Madrid Emprende |
| Formation | 2006 |
| Type | Municipal agency |
| Headquarters | Madrid |
| Leader title | Director |
| Region served | Community of Madrid |
Madrid Emprende is a municipal agency focused on entrepreneurship, business incubation, and innovation within the City of Madrid and the Community of Madrid. Founded to stimulate startup creation, small business growth, and technology transfer, it operates in coordination with multiple public and private institutions including the Madrid City Council, Autonomous Community of Madrid, and European Union funds. The agency works alongside municipal programs, regional development initiatives, academic incubators, and international networks to support projects across sectors such as information technology, biotechnology, and creative industries.
Madrid Emprende was established amid early-21st-century municipal reforms influenced by models from Barcelona, Bilbao, and Valencia and by European initiatives like the European Regional Development Fund and the Lifelong Learning Programme. Early collaboration involved the Instituto de Empresa, Universidad Complutense de Madrid, and Universidad Politécnica de Madrid with pilot incubators resembling those in Cambridge, Silicon Valley, and Tel Aviv. During the 2008 financial crisis Madrid Emprende expanded services in parallel with initiatives from the Ministry of Industry, Trade and Tourism and the Banco Santander entrepreneurship programs. Subsequent municipal administrations aligned the agency with strategic plans linked to the Madrid 2020 Strategic Plan and EU cohesion policy frameworks such as Horizon 2020 and Next Generation EU.
The mission emphasizes fostering entrepreneurship, facilitating technology transfer, and enhancing competitiveness in line with strategic partners like the Chamber of Commerce of Madrid, ICEX España Exportación e Inversiones, and the European Enterprise Network. Objectives include promoting creation of startups comparable to those fostered by Seedcamp, supporting social entrepreneurship as seen in Ashoka, and improving access to capital akin to Business Angels Europe networks. It aims to boost linkages with academic research from CSIC, promote internationalization through ties to Invest in Madrid, and support creative clusters similar to Medialab Prado and Matadero Madrid.
Programs include incubation and acceleration modeled after Y Combinator, coworking spaces like Impact Hub, mentorship networks resembling Endeavor, and training workshops influenced by offerings from Google for Startups and Microsoft for Startups. Services cover business plan assistance inspired by Banco Sabadell initiatives, legal and fiscal advice comparable to Cámara de Comercio de España programs, and support for accessing EU instruments such as COSME and Erasmus for Young Entrepreneurs. Sector-specific programs have targeted fintech with partners like BBVA, biotech in collaboration with CNIO, and creative industries linked to IFEMA. Networking events echo formats used by South Summit and Mobile World Congress.
Administratively, the agency reports to the Madrid City Council under municipal departments similar to those managing urban innovation portfolios in Bilbao Ría 2000 and Barcelona Activa. Governance includes a board with representatives from regional entities such as the Community of Madrid, academic institutions including Universidad Carlos III de Madrid, and business organizations like CEIM Confederación Empresarial de Madrid. Executive management follows practices seen at municipal development agencies like London & Partners and Paris&Co, with operational units handling incubation, training, international relations, and project management.
Funding sources combine municipal budgets from the Madrid City Council, regional allocations from the Community of Madrid, and co-financing from EU structural funds including the European Social Fund. Strategic partnerships include financial institutions such as Bankia, corporate partners like Telefónica, and collaborative agreements with universities including Universidad Autónoma de Madrid and research centers like the Centro Nacional de Investigaciones Oncológicas. Public–private cooperation mirrors alliances seen with Acciona and Ferrovial in infrastructure-related innovation projects. International cooperation has engaged networks such as URBACT and Interreg.
Impact assessments draw on metrics similar to those used by OECD and World Bank evaluations of entrepreneurship ecosystems, measuring new firm creation, job generation, survival rates, and investment attracted. Independent studies by institutions like IE Business School and Fundación Cotec have analyzed outcomes, while municipal audits performed by the Intervención General de la Administración Municipal track fiscal performance. Comparative evaluations reference indicators from Global Entrepreneurship Monitor and rankings used by Startup Genome to situate Madrid Emprende within European ecosystems like Berlin, Paris, and Lisbon.
Notable initiatives include sector hubs modeled after Barcelona Tech City and partnerships to host events akin to South Summit and 4 Years From Now (4YFN), thematic accelerators in fintech and health tech similar to programs run by Plug and Play Tech Center and Seedcamp, and collaboration with cultural venues such as Matadero Madrid and Teatro Real for creative entrepreneurship programs. Projects have been co-funded with entities like Banco Santander, Telefónica, and Mapfre, and have engaged networks including European Business Angels Network and Startup Europe. Pilot projects have experimented with smart city solutions aligned with initiatives led by Smart City Expo World Congress and research collaborations involving CSIC and IMDEA Networks Institute.
Category:Organisations based in Madrid