Ferrovial, Pascual and IBM, amongst other companies, have joined Madrid’s Technical University (UPM) to launch the Madrid Innovation Driven Ecosystem (MIDE), as the first not-for-profit collaborative platform. With the support of the Massachusetts Institute of Technology (MIT), the aim of the platform is to promote entrepreneurship and innovation within the region. According to the REAP (Regional Entrepreneurship Acceleration Programme) methodology, acceleration and development of entrepreneurship and innovation in any region of the world requires having the 5 key groups in the ecosystem on board: companies, universities or business schools, entrepreneurs, investors and public administrations. With this in mind, the MIDE multidisciplinary team is comprised of 8 institutions which have been working with MIT for a year and will be responsible for carrying out specific actions and initiatives in the region. These institutions are: the Madrid Community, the Technical University of Madrid (UPM), Ferrovial, Calidad Pascual, IBM, Tetuán Valley, Alcorcón ecity and Unlimiteck. The platform aims to incorporate new stakeholders from this ecosystem in the near future. The official presentation of the MIDE was chaired by Cristina Álvarez, deputy councillor for Educational Policy and Science for the Madrid Community, and attended, amongst others, by Federico Flórez, Ferrovial’s Systems and Innovation Manager. Federico Flórez highlighted the fact that Ferrovial is aware that the best talent may not necessarily be within Ferrovial, and that there is therefore a need to work together with external agents to acquire new knowledge, especially with start-ups and universities as knowledge hubs. In his speech, Flórez reflected on the importance of developing the innovation ecosystem of which Ferrovial is a part, following the company’s ways of working on innovation.
“We want the Madrid ecosystem to be further developed to enable the emergence of technology and talent which can be used to make the region more competitive and unique, thus facilitating access to international projects.”