Madrid’s emergence as a city of alternative and a gateway to Latin America, along with a top quality of life make it a melting pot for expertise. Its a particularly livable city, with wonderful infrastructure and one of the friendliest atmospheres on the earth.
Though Madrid is the most important metropolis in Spain, the capital city, the political middle and one of many world’s prime vacationer destinations, solely just lately has the town been thought-about as certainly one of Europe’s largest startup hubs. And while in different metropolises throughout Europe, progressive hubs have been created with the help of government initiatives, Madrid has been missing the entrepreneurial vision necessary to help the event of an ecosystem for the long-term.
Surprisingly, the town’s lack of willpower on the subject of ‘entrepreneurship-policy’ has resulted in some type of a pure number of the district of Arganzuela, the place creativity and a set of industries are colliding, turning the neighbourhood right into a hub for startups, creatives and revolutionary corporations. Arganzuela lies on the southern outskirts of the middle of Madrid, it’s one of the Spanish capital’s 21 districts which also happens to be the town’s fastest-growing district, the greenest and most dynamic.
Despite the town’s lack of entrepreneurial management, Madrid can nonetheless be thought-about a hit story. The tech scene in Madrid has grown considerably in the previous few years, turning into an IT enterprise hub within the country. And admittedly, the prior administration led by mayor Manuela Carmena made some efforts to foster entrepreneurial talent and innovation. Probably the most outstanding initiative was the promotion of La Nave, a multifunctional area situated in the southern district of Villaverde, across the Manzanares river, where corporations, buyers, universities and residents can take part within the improvement of progressive tasks. Since 2016, La Nave has also hosted one among Spain’s primary startup occasions, the South Summit, led by the formidable María Benjumea.
And with new metropolis governance from Begoña Villacís as deputy mayor and José Luis Martínez-Almeida as mayor, things are set to vary. Villacís will oversee all matters associated to economics, innovation and entrepreneurship; her electoral proposals embrace the creation of Madrid’s very personal innovation super-hub, the promotion of artistic industries, and the establishment of a public-private innovation agency, amongst other initiatives.
“One among our flagship proposals is to reap the benefits of the Mercado de Toledo,” she stated. “It is going to be a know-how and information middle which can house coworking and networking spaces… it’s time to reap the benefits of the synergies being created in Arganzuela.” The hub will even promote initiatives round sustainability, the setting, safety, and the overall well-being of residents, in accordance with Villacís.
The nationwide authorities can also be advancing new initiatives and laws to make processes easier for startups in Spain. Lately, Prime Minister Pedro Sanchez superior a set of latest initiatives to advertise innovation and entrepreneurship to create a rustic for entrepreneurs.
So, whereas Madrid nonetheless has an extended approach to go to catch as much as London or Berlin, the ecosystem in the Spanish capital has grown rapidly during the last five years. And for those who add Madrid’s and Barcelona’s figures collectively, Spain has the makings of a ‘startup nation’.
The sky is the limit for tech, innovation, and creatives in Madrid. Here is an summary of the startup institutions, and those that comprise Madrid’s startup ecosystem:
The town’s prime startup hubs
La Nave – A public facility and present house to Madrid’s Innovation Campus, La Nave is a 13,000 square meter former manufacturing unit that has been transformed into a gathering point for innovation and aimed toward creating totally different activities, the dissemination of latest technologies, and collaboration between social agents as a driver for progress within the metropolis. At present operated by the innovation company Barrabes, La Nave seeks to promote coaching and employability, in addition to scientific and technical dissemination, which is why its occasions are open to most of the people, as well as entrepreneurs, SMEs, corporations, college students, universities, and public administrations. Each October since 2016, La Nave hosts South Summit, Spain’s flagship startup event.
Mercado de Toledo (coming soon) – Inspired by the innovation hubs created in Lisbon and Paris (Hub Criativo Beato and Station F, respectively), the new city-government will promote the creation of an innovation super-hub, presently a principally unused 20,000 sq. meter building owned by the town, and situated between the city-center and the Arganzuela district. The town seeks to create a know-how and innovation middle which can house coworking and networking areas, the town’s new innovation agency, and act as connector of the town’s entrepreneurial ecosystem. The Mercado de Toledo can be central because it’s set to develop into a catalyst for entrepreneurship in Madrid and Spain general.
Google Campus – situated in Arganzuela’s barrio Imperial in a neo-Mudejar constructing, this has been a gathering point for business individuals and entrepreneurs since 2015. The Campus is part of the Google for Startup program (previously generally known as Google for Entrepreneurs), consisting of working spaces and accelerators in over 100 nations around the globe. Its campuses are situated in 7 totally different cities spanning across Europe, Asia, and South America, and Madrid is lucky to host one in every of them.
Matadero – The town’s previous slaughterhouse, constructed at the start of the 20th century in Arganzuela by the banks of the Manzanares river, is at this time an enormous complicated devoted to culture and the artistic industries. It’s house to a number of startups, the incubator Factoria Cultural, the coding faculty Ironhack, Telefonica’s e-Sports activities groups, and numerous design, arts and cultural businesses. It additionally houses a number of theatre and gallery amenities, and its packages embrace a powerful variety of events and exhibitions.
Influence Hub Madrid – part of a world social innovation community with numerous venues everywhere in the world, Influence Hub Madrid landed in Madrid in 2010. Their areas are designed for working, coaching periods and networking, and are aligned with the group’s imaginative and prescient to inspire and allow those that need to impression society. They are greatest recognized for their location in Calle de Gobernador, very near the Prado Museum. Along with this institution, there are other facilities in Madrid in Calle Alameda, 22 (Literary Quarter), Calle Piamonte, 23 (Chueca), Calle Serrano Anguita, 13 (Justice Quarter) and in Plaza Pablo Ruiz Picasso, 1 (Financial District).
The Dice – A meeting level for entrepreneurs within the north-east a part of town. It’s one among Madrid’s largest innovation and entrepreneurial hubs, the place innovation and know-how come collectively underneath one roof. The Dice is a 5,000 square meters created by Unlimiteck, one of many main firm builders in Spain. This tech-hub focuses on IoT, meetups, and occasions. It’s house to quite a few startups and to the company MIDE (Madrid Innovation Pushed Ecosystem), which is the primary collaborative platform to advertise innovation and entrepreneurship in Madrid.
Utopicus – once you speak innovation and entrepreneurship in Madrid, you’ve acquired to say Utopicus. They’re a pacesetter and benchmark in Madrid in terms of coworking and tasks that mix innovation, creativity, collaboration and entrepreneurship. Utopicus also runs a faculty with the newest developments, a business company and Zinc Shower, an annual occasion which gives a platform for probably the most progressive ideas and for the entrepreneurial ecosystem to return together.
A number of the Madrid’s most promising startups
Woom Fertility – The history of Woom began when its two founders, Clelia Morales and Laurence Fontinoy, both faced challenges in conceiving. Woom is a data-driven app designed to maximize probabilities of pregnancy. Because it was founded in 2016, the startup has raised a total of $1.3 million in funding. Woom is likely one of the few exceptional European startups which might be taking excellent care of girls and well being points.
Spotahome – Arganzuela- based mostly Spotahome is one among Spain’s higher recognized startups, arguably one of many prime Spanish startups to look out for within the coming future. Spotahome supplies a simple approach to find and guide residential leases 100% online, specializing in mid-to-long time period stays. Spotahome is the primary Spanish startups to obtain backing from a number one Silicon Valley VC, after being fueled by a €40 million round led by Kleiner Perkings in 2018. The company is growing fast, current in 11 cities across eight European nations. Spotahome was the winner of the 2016 South Summit Startup Competition.
Wetaca – When Efrén Álvarez y Andrés Casal started their firm 4 years ago, the target was easy, “for everyone to eat healthy on a regular basis with virtually no effort and for not an excessive amount of money”. The startup delivers meals that last you a whole week. After exceeding €2 million in revenues in 2018, they anticipate to finish 2019 reaching €4 million in sales, delivering more than 2,300 meals per week. They function in Madrid and just lately announced starting operations in Zaragoza. Despite the fact that the well-known business angell Luis Martín Cabiedes invested €300okay in the company in 2016, Wetaca has been worthwhile because the very starting.
bipi – Offers car rental providers, providing automotive rentals, together with insurance coverage, parking help, and different related providers on a subscription basis. The startup offers entry to a automotive in a simple, versatile, and convenient means, with one month-to-month charge that includes every little thing however petrol. Bipi raised €2.5 million in a funding spherical in 2017.
Triporate – Based in 2017, Triporate is a enterprise journey platform that makes use of AI to plan trips effectively, saving corporations each time and cash. Businesses can merely send Triporate an e mail specifying what they need, and the startup will reply with personalised journey proposals that comply with firm insurance policies. Corporations then select probably the most applicable choice, and pays for multiple trips multi functional invoice. The startup has raised a total of €380okay throughout two funding rounds.
The town’s most lively VCs
Okay Fund – An early stage VC agency that, with an entrepreneur-centric philosophy, goals to gasoline the evolution of the Spanish startup ecosystem. It was based in 2016 by Inaki Arolla, Carina Szpilka, and Ian Noel with a €50 million fund, and has up to now invested in 29 startups together with corporations resembling Hubtype, Bdeo, Sportvillage, Exoticca, and Keatz.
Samaipata Ventures – Samaipata is a venture capital fund based in 2016, investing in early stage marketplaces & disruptive e-commerce companies throughout Europe. The firm was founded by Jose del Barrio, a former entrepreneur who pioneered meals supply providers in Spain with La Nevera Roja, which was acquired by German group Rocket Web for €80 million, and later acquired by Simply Eat. Samaipata has made 23 investments, including investments in Spotahome, OnTruck, and 21Buttons.
Bonsai Venture Companions – A personal fund targeted on web investments, Bonsai is the venture arm of the household workplace of Javier Cebrián Sagarriga, who has been investing in Spanish startups for over a decade. Bonsai has invested in more than 30 corporations, including some well-known corporations comparable to Tuenti, Infojobs, Idealista, Glovo, Wallapop and Prime Rural.
The Venture City – These are the new youngsters on the block. The Enterprise City launched a $100 million fund in 2017, and they are co-headquartered in Miami and Madrid. The Venture City’s mission is to redefine the tech acceleration mannequin by way of a worldwide network of disruptive progress hubs stretching from Miami, FL to Silicon Valley and Madrid, Spain.
Kibo Ventures – A $60 million early stage fund. Kibo initially invests within the €250-€750okay vary as the first institutional investor and follow-on as the corporate grows. They spend money on digital corporations which are web or cellular based mostly, with portfolio corporations together with 21Buttons, bipi, and coverwallet.
Madrid’s most lively business angels
Yago Arbeloa – Yago is the founder and president of Whats up Media Group, a artistic and promoting company. Yago is President of the Affiliation of Web Buyers and Entrepreneurs (AIEI). Earlier than founding Howdy Media, he set up Sync.es, an ISP startup that he bought in 2011 to Arsys (later acquired by 1 & 1). In addition to being an entrepreneur, Yago also acts as an investor in startups, with contributions of between €50 and €100okay, among that are We are knitters, iContainers, Intelligent PPC, Safecreative, Startupxplore, Wazypark, Holded, Hooks, Indexa, Sendy, Offemily, Lord Wildmore, PlayItApp, Vitamin Okay, Smartycontent, Ludei, Zacatrus, and Novicap.
Martin Varsavsky – An Argentine entrepreneur based mostly in Madrid who founded a number of corporations worldwide, including City Capital, Medicorp Sciences, Viatel, Jazztel, EINSTEINet, Ya.com, Eolia and FON. Immediately, Varsavsky is the Chief Government Officer of Overture Life, and Chairman at Prelude Fertility, which run fertility amenities and remedy. He’s also a partner-investor in startups resembling Gspace, Joost, Menéame, Netvibes, Plazes, Hipertexual, Hootsuite, Busuu, Tumblr, Menéame, Technorati, Vpod, Wikio, Xing, Zudeo and Index Ventures.
François Derbaix – François Derbaix is among the most revered voices in the Spanish startup ecosystem. Born in Belgium, François got here to Spain in 2000 to create his first startup, Toprural, together with his wife Marta Esteve. Three years later they launched one other enterprise, Rentalia, and in 2012 they have been each bought to Homeaway and idealista, respectively. Derbaix can also be a mentor at Barcelona-based accelerator SeedRocket, and has invested in 35 corporations as a enterprise angel.
Jesús Encinar: Jesús is greatest referred to as the founder of Idealista, Spain’s major actual property platform for renting, buying and promoting houses and flats. He’s a member of the advisory board of Seaya Ventures, one among Spain’s most essential VC companies, and he has invested in numerous startups.
Bernardo Hernández – The former head of Flickr at Yahoo, and Director of Product Administration at Google and Managing Director at Zagat. In 2000 he arrange his first web enterprise, idealista.com, which is now the main actual estate online platform in Spain. In addition, he’s been a enterprise angel for Tuenti, index.com, Glovo, Fever, Wallapop, Verse, floresfrescas.com or 11870.com.
Essential accelerators and incubators
Influence Accelerator – IMPACT is taken into account among the world’s greatest rising accelerators. It presents startups a rigorous and delocalized acceleration experience, supported by a mixture of equity-free money and VC funding. Founded in 2014, IMPACT has accelerated greater than 100 startups and awarded more than €7 million equity free.
SeedRocket – The first accelerator to return out of Spain. SeedRocket provides an entire Seed Funding Venture Program for Entrepreneurs with technology-based startups. In Madrid, they companion with Google for Startups at Campus Madrid. They have traditionally run two packages per yr – one in Barcelona and one in Madrid. They’re also a business angel community composed by serial entrepreneurs and personal buyers.
Wayra – Telefonica’s open innovation startup accelerator, Wayra was started in Latin America and Spain in 2011. They have been recognized by Forbes as one of many prime 10 international startup accelerators on the earth. Wayra is now operated by Open Future, a division of Telefonica, and now runs 11 hubs in 10 totally different nations.
Tetuan Valley – This is the first not-for-profit pre-accelerator programme in Europe. Tetuan Valley is a synonym for entrepreneurship in Madrid, and presents a variety of startup providers: a pre-accelerator, a group, a sense of id, and a startup faculty. Twice a yr, they host a 6 week startup faculty, with give attention to training and dealing on the implementation of a enterprise concept. They’ve a portfolio of greater than 70 top-notch mentors, collaborating to offer the students a singular and useful experience. All graduates of the startup faculty get unique entry to the Tetuan Valley Alumni Community.
IE Business Faculty Enterprise Lab – Venture Lab is IE’s startup accelerator, housed in Space 31. The goal of the Enterprise Lab is to assist teams in creating ready-to-launch startup tasks. IE’s Enterprise Lab is a program that’s open to all IE college students and alumni. Additionally it is an elective inside the International MBA program. All groups obtain workshops and mentorship, in addition to coaching and suggestions from Enterprise Lab’s Entrepreneurs and Buyers in Residence, to guide them in validating their ideas and creating investor-ready startups. Groups are eligible to take part in Venture Day Madrid at the end of the program, the place they pitch before buyers.
Demium Startups – Demium is a startup incubator that follows the mannequin of connecting enterprise alternatives with the perfect entrepreneurial talent, following the UK’s Entrepreneur First pioneering mannequin. The Valencia-born incubator landed in Madrid in 2016, and is situated at La Teminal coworking area in Arganzuela. Triporate, Citibox and Influencity are a number of the startups that went by way of Demium’s six-month incubation program in Madrid. Demium additionally runs a gaming incubator, an academy and a enterprise fund to co-invest in their startups.
The town’s hottest startup/tech events
South Summit – Held in October, South Summit is among the main startup conferences in Southern Europe, alongside the opposite great conferences just like the EU-Startups Summit, 4YFN, or the Net Summit. The South Summit is a platform created with the purpose to deliver together startups, international buyers and leading firms in the seek for innovation. It’s an annual gathering which is held in October at La Nave, with greater than 7,000 attendees, together with three,500 entrepreneurs and 450 buyers. The occasion is organized by the Spain Startup group, which is led by one in every of Madrid’s most seen and lively figures, María Benjumea.
DES – Held each Might, the Digital Enterprise Present is the world’s leading annual three-day occasion on Digital Transformation. DES is a worldwide expo & congress, with over 300 exhibiting corporations and 450 of the world’s prime audio system and specialists on the Digital Business World Congress. Germany was the guest nation of the 4th, 2019 version, and the theme of DES2019 resolved round Business four.zero – real instances of technological implementation in the business have been shared, similar to AI, collaborative robotics, digital manufacturing, huge knowledge, solutions in cybersecurity, and virtual actuality.
IE Enterprise Faculty Venture Day – Held in November, Enterprise Day Madrid is IE’s demo day where they showcase the top startups and startup tasks which were developed by alumni and by college students in IE’s Enterprise Lab, respectively. It’s open to Madrid’s whole ecosystem and it’s often assist and the Fundación Rafael Del Pino amphitheatre. Prior winners of Madrid’s IE Venture Day embrace Cabify and SpotAHome, Spain’s only unicorns so far.
OpenExpo Europe – The most important enterprise IT Open Innovation summit in Europe, with two days of conferences, business instances, keynote audio system, sensible workshops, spherical tables, demos and lots of different actions held in La Nave every June since 2013. The purpose is to unfold options and developments of the business provided by open-source software.
International Robot Expo – Held in April, International Robotic Expo is the primary multisectoral European event on robotics, know-how and innovation, designed as a business platform for exhibitors. It’s a B2B international exhibition held annually in IFEMA, with more than 12,000 guests from greater than 50 nations and 200 exhibitors in 2019.