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Startup businesses will be supported up to 250 billion USD

South Summit 2022 co-organized by IE University (IE University) from June 8-10 in Madrid (Spain) is the leading conference of the innovation and startup ecosystem.

The opening ceremony of the conference was attended by Ms. Nadia Calviño, First Vice President of Spain and Minister of Economy and Digital Transformation; Mariya Gabriel, European High Commissioner for Innovation, Research, Culture, Education and Youth; María Benjumea, founder of South Summit, and Diego del Alcázar, CEO of IE University.

Taking place until the end of June 10, South Summit is expected to be a place to connect globally and create business opportunities in the startup and innovation ecosystem. South Summit 2022 brings together more than 3,000 entrepreneurs, 15 unicorn startups, 200 investment funds (72% of which are international), with a portfolio of $250 billion. More than 650 speakers participated in the event.

South Summit 2022 has a common vision: a green economy that reduces environmental risks, responds to ecological shortfalls, and respects the environment in which we live.

“We expect this year to be decisive in terms of innovation and growth, as Spain is well on its way to becoming a major startup market,” said Ms. Nadia Calviño. We are on a mission with the largest investment in the history of Spain.”

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Pablo Isla (Chairman of the International Advisory Board of IE University) and Mr. Diego del Alcázar, Executive Director of IE University in a panel discussion. Photo: South Summit 22

Mariya Gabriel commented that startups, investors and companies must strengthen their connection and cooperation because they are the asset of innovation. “The Spanish startup and innovation ecosystem is maturing and can compete with any power in the world. Madrid is seen as an innovation force in Europe. In fact, Madrid is one of the top five ecosystems in Europe after Paris, Berlin, Dublin and London.”

Mr. Diego del Alcázar, CEO of IE University also highlighted the success of South Summit over the past decade.

“We couldn’t have imagined that 10 years ago, South Summit would come this far.”

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Mr. Diego del Alcázar, Executive Director of IE University. Photo: South Summit 22

South Summit also featured discussions on the metaverse, a new technology with applications in various fields such as real estate and construction… Hrish Lotlikar, CEO and Co-Founder of SuperWorld, and Darren Anderson, Director of Wealth Management at Ferrovial USA both stated that the idea of ​​buying virtual real estate “has become a reality”, and also emphasized the need to create regulations to legislate and regulate. these new realities of governments.

In 2023, IE University will open a “metaverse virtual school”, which will provide VR and AR (virtual and augmented reality) headsets to all of its students, and open “virtual schools” in 2023 in different locations. Metaverse (virtual universe) like Roblox and Descentranland. This is a new step towards promoting positive change through education, innovation and research.

Doan Hung

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Overwhelmed by the 3rd tallest university tower in the world

IE Tower of IE University (Spain) was inaugurated on October 19 in Madrid in the presence of King Felipe VI (Spain), United Nations Secretary-General António Guterres and more than 600 guests.

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