The South Summit will also reach out to Asia and the United States, raising its impact in Madrid to 28 million | comp

The South Summit, the largest annual event on entrepreneurship in Southern Europe held at the beginning of June in Madrid, is expected to generate around 28 million euros this year and more than 2,000 jobs for the capital alone and open its eyes to international expansion. Because it could end up in Asia and the United States. All, after the “success” of the second edition in Brazil, as the president and founder, Maria Benjumea, noted on Thursday at the presentation ceremony for the Madrid edition of the event for 2023.

Through the 10 editions of the South Summit, which is co-organised by IE University, more than 32,000 “start-ups” from 175 different countries attended, generating more than 10,190 million in income and nearly 48,000 employees, the organization noted in a note.

Benjumea declared that since the beginning of the South Summit, the idea has been to change mindsets to reach the global. He added that “the world has no borders” and its commitment has always been cooperation and innovation from a global context.

The South Summit indicated that the combined value of the entrepreneurial ecosystem worldwide decreased by 2.3% in 2022. However, in the Spanish case, its value increased by 8.6%, to 93,000 million euros. (approximately €84,400), according to data provided by PwC Spain Partners in the presentation of the Report on the Social and Economic Contribution of the South Summit in Spain.

As this same report points out, Madrid has established itself as “one of the main” hubs “for European innovation, with an ecosystem of around 2,500 start-ups, which will create 37,000 jobs and 1,275 million euros in 2022.

The city’s mayor, José Luis Martínez Almeida, who presided over the event this Thursday in Madrid, assured that the city council would continue to support the Summit of the South and thanked María Benjumea for everything she did for the city and for being a “real entrepreneurial accelerator”.

For her part, Carme Artigas, Secretary of State for Digitization and Artificial Intelligence, publicly suggested to Maria Benjumea that “to benefit from the upcoming meeting of ESNA (European Alliance of Emerging Nations), the Summit of the South has a leading role and advances what it is doing in Spain, while strengthening relations with Europe and Latin America.”

In addition, Javier Fernández-Lasquite, Minister of Economy, Finance and Employment of the Community of Madrid stressed, “We are in a moment more dynamic than ever and this will go further. The valuable contribution made by the Summit of the South, especially by María Benjumea, Very decisive. The numbers tell us. When the review and the documentary about how the entrepreneurial ecosystem is growing in the Community of Madrid, the South Summit will certainly be there. “

The PwC report also indicates that the startups finalists for the various editions of the South Summit have doubled their turnover by 13.9 since the moment they participated in the meeting.

The South Summit Madrid 2023 will be held in La Nave, Madrid, from 7 to 9 June, under the theme ‘Today 2030’, through which it seeks to bring attendees closer to the future to learn about all innovations and analyze them to achieve sustainability goals. from the 2030 Agenda.

The Madrid South Summit 2023 will have great international and national speakers analyzing key issues in the world of innovation. Among them: Pablo Isla, Chairman of the International Board of Directors of IE University, and sports stars such as Pau Gasol, an important representative of the new sports technology stream, which applies innovation and entrepreneurship to the world of sports and luxury. World-famous figures in the world of entrepreneurship will also attend, such as Andrew Winston, Director of Winston Eco-Strategies, and Jenny Fielding, co-founder of the VC Fund.

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