Inditex and L'Oréal have promoted the development of Madrid patioThe largest incubator for technology startups in Southern Europe, The Objective reported. In addition, it will be the only one in all of Latin America and will come from the hand of seven international companies in collaboration with the Madrid administration.
Specifically, that's how it is A Space for training, advice, entrepreneurship and innovationwith which the private and public sectors intend for this region to become an international benchmark for the economic strategies and sustainability of the Community of Madrid from 2024.
To promote the project, other Spanish companies have taken part, such as: BMW, Iberia, Merlin, Mahou and Pascualwith a contribution from 200,000 euros from each of them. Furthermore, the project goes hand in hand PATIO Innovation and Startup Campus– has the cooperation of the Ministry of Economy, Finance and Employment of the Community of MadridDirector: Rocio Albert.
The main goal is to promote and generate ideas, but also services that help guarantee the succession of traditional and family businesses in the Community of Madrid, thereby promoting both the creation of jobs and the prosperity of the region and the improvement of public services.
Physical and online headquarters
In this first phase, the Madrid government made a contribution 1.2 million euros for the construction of a physical and online headquarters. In the next step, the Madrid region has earmarked up to two million euros for its development over the next four years through an agreement.
According to the media mentioned above The Madrid Patio is located at 11 Ruiz Picasso Street, in the financial center of the capital. The building, owned by Merlin Properties, has 36,500 square meters of space, including the incubator will accommodate more than 2,300 people. The concept was raised by, according to the sources consulted The goalIt's from “a modern meeting place for start-ups, investors, companies, NGOs, business schools as well as public and private institutions, where the development of projects that have a positive impact on the real economy can be promoted«.