MWCC and Plug and Play have presented the Madrid UrbanTech Hub to all partners, companies, public administrations and stakeholders of the ecosystemMWCC and Plug and Play have presented the Madrid UrbanTech Hub to all partners, companies, public administrations and stakeholders of the ecosystem. It is an initiative that aims to turn the city of Madrid and its region into a global benchmark in urban innovation based on the projection of the business fabric and start-ups.

The presentation of the Hub brought together leaders of Madrid's innovative ecosystem, who learned first-hand about its strategic vision, its operating model and the next steps that will mark its development. The first phase carried out so far was presented, as well as the planning of the next phases based on the Venture Client methodology. This approach is based on the resolution of real challenges through strategic pilots, thus being able to develop a pilot programme with two defined challenges together with the driving companies, in order to validate the model and generate confidence in the ecosystem.

The Madrid UrbanTech Hub is born with a clear vocation: to accelerate innovation in the construction and urban sector, connecting talent, investment and technology to respond to the great challenges of our cities. The Hub aspires to position Madrid on the global map of urban innovation.

This meeting was a first step towards the activation of a platform that will not only transform the way cities are built, but also drive employment, investment and public-private collaboration from the heart of Madrid.

About MWCC

MWCC is an entity promoted by the Madrid City Council and the Community of Madrid, made up of 189 public and private companies from multiple sectors. An entity that has been in existence for four years and whose objectives are the positioning of the city brand, the attraction of international investment and the strategic positioning of the city and region as an international benchmark in urban solutions.

About Plug and Play

Plug and Play is the leading innovation platform connecting startups, corporations, venture capital firms, universities and government agencies. Headquartered in Silicon Valley, it is present in more than 60 locations.

It offers corporate innovation programmes and helps its corporate partners at every stage of the innovation process, from training to project execution. It also organises startup accelerator programmes and has created an internal venture capital fund to drive innovation across multiple industries. Plug and Play has invested in hundreds of successful companies, including Dropbox, Guardant Health, Honey, Lending Club, N26, PayPal and Rappi.

In Spain it has offices in Madrid, Barcelona and Valencia, where it has its second largest office after Silicon Valley. For more information, visit https://www.plugandplaytechcenter.com/.