On March 1, 2019, the Presentation Ceremony of the Collaboration Protocol that Madrid City Council will sign with the Madrid Scientific Park Foundation took place to intensify the transfer of knowledge and technology. This is an objective that the Foundation has been working towards, in direct collaboration with the productive, industrial, and tertiary development initiatives that Madrid City Council is implementing.
Additionally, the event will be used to announce the loan that Madrid City Council plans to grant to the Foundation, to improve its financial situation and thus, the City Council will strengthen its mission to enhance the scientific and technological level of Madrid and contribute to its economic and social development, through research, R, and knowledge transfer to society, companies, and entrepreneurs in our region.
Madrid City Council is a Patron of the Scientific Park Foundation, as part of its productive development strategy.
The Madrid Scientific Park Foundation has the fundamental mission of improving the scientific and technological level of Madrid and cooperating in its economic and social development. Among its goals are research, development, and innovation (R), with special attention to interdisciplinary aspects in knowledge transfer to society, companies, and entrepreneurs, the utilization of R results in products, processes, and services, as well as the improvement of teaching and the updating of its contents.
In 18 years, more than 300 companies have developed their innovative projects at FPCM, of which nearly 80% have prospered successfully. During 2018, FPCM has supported 89 innovative companies in the areas of life sciences, chemistry, information and communication technologies, renewable energies, nanotechnology, and engineering, which have generated more than 800 direct jobs, with an annual turnover exceeding 68 million euros. In parallel, the FPCM Genomics Unit has provided services to 59 institutions, distributed among 15 companies, 20 research centers, 12 public and private universities, and 12 hospitals.
Collaboration Protocol
Within the framework of the Collaboration Protocol signed today, the City Council will work on developing comprehensive initiatives to reinforce productive capacity and competitiveness, transfer new processes and methods to the city’s economic fabric, establish knowledge spaces that attract strategic foreign investment, generate innovation development infrastructures, and promote business initiatives within the framework of the social impact economy.
The Madrid Scientific Park Foundation, for its part, will provide advice on the productive and business fabric development initiatives that the City Council is developing (such as the industrial factories in Villaverde, Villa de Vallecas, or Vicálvaro), in order to make the exchange between the projects hosted in these spaces and the companies in their productive environments more effective, with the research and development projects of the university ecosystems in which the Foundation carries out its activity.
Presentation Ceremony of the Collaboration between Madrid City Council and the Madrid Scientific Park Foundation, at the city hall headquarters
Loan from Madrid City Council to the Madrid Scientific Park Foundation
At the event, it was also announced that Madrid City Council plans to grant a loan to the Madrid Scientific Park Foundation to help improve its situation, which has been damaged after the financial crisis of recent years.
The main objective of this loan is to optimize the activity and fully develop its potential mission to serve as a vector for the transfer of knowledge, science, and technology to society, companies, and entrepreneurs in Madrid.
In this regard, Madrid City Council has decided to grant a loan to the Foundation under financial conditions and a time frame that adapts to the activity it carries out, and to make it possible for the Collaboration Protocol signed today to effectively contribute to reinforcing its mission of improving the scientific and technological level of Madrid and promoting economic and social development, through research, R, and knowledge transfer to society and the business fabric of our region.
Signing of Collaboration Agreement between Madrid City Council and the Madrid Science Park Foundation, at the city council headquarters
