MADRID INTERNATIONAL LAB

On January 1st 2005, the 'Madrid Emprende' Economic Development Agency was founded, as part of the Economic and Employment Department of Madrid City Council. It has been established to place Madrid in that select group of leading world cities such as London, Paris, New York and Tokyo. To do so, the Agency is working to both encourage and drive forward the economic development of their city and its economic fabric, through three specific areas: competitiveness among small and medium sized compani... es, encouraging entrepreneurship, and improving the commercial infrastructure of the city and attracting foreign investment. Madrid Emprende prioritizes the geographical rebalancing of the city, by undertaking projects in disadvantaged districts and by encouraging change in the city's economic development model, so as to move towards more knowledge and innovation-intensive economic and business activities, thus making the city more competitive. All of this is being carried out with the collaboration of the city's key socio-economic players.More