In May 2007, the Community of Madrid, via the Madrid Institute for Development, IMADE, put into operation Madrid Network, being set up as a tool to promote the knowledge economy, strengthening innovation and the added value of products and services to focus on a sole aim: placing Madrid amongst the 10 most advanced regions in the world.
The Network comprises players in the region’s economy: large and small businesses, research centres, universities and technology centres, as well as spaces of excellence used as a base for Clusters: our science and technology Parks.
With public investment at 1,200 million euro and private investment at 4,900 million euro, in the next 10 years the Network will cover 1,200 hectares in our Science and Technology Parks where 1,900 new research businesses will be located, generating around 62,000 jobs. The Clusters and Parks provide the ideal mechanism to strengthen innovation in the Community.