South Summit’s sixth edition has come to an end under the slogan ‘Where Innovation meets business.’ The leading startup conference in Europe has reached new heights, gathering more than 20,000 attendees, 6,500 startups, 1,100 investors with an average portfolio of 120,000 million dollars and more than 6,700 people from corporations seeking for innovation. In addition, 7,000 meetings have taken place throughout the three days of the startup conference organized by South Summit- Spain Startup and IE University and co-organized by the Madrid City Council in collaboration with BBVA, Endesa, Wayra, Sabadell y Google.
The leading entrepreneurial gathering was held alongside EnlightED, a worldwide forum organized by Fundación Telefónica, IE University, South Summit and Fundación Santillana, where international figures debated on the challenges of education in the digital age.
The closing day of South Summit’s sixth edition began with a keynote talk between María Benjumea, founder of Spain Startup – South Summit, and Carlos Torres, Group Executive Chairman at BBVA, who stated, “innovation is one of our key values. We live in an era of opportunities due to the rise in technological advances. Our purpose is to reach everyone globally and use technology and data to help our customers make better decisions.”
The talk was followed by South Summit 2019’s closing and award ceremony. The live streamer marketplace startup, Streamloots, won the sixth edition, an award granted by Reyes Maroto, acting Minister of Industry, Trade and Tourism. Founded by Alberto Martínez Guerrero, Streamloots is a platform that allows thousands of people to interact in real time with live streamers and players, enabling users to earn money, monetize their audience and work passionately on what they love most. While players can choose what kind of interactions they want to offer their fans, fans can in turn decide what kind of player the streamer will play with.
In addition to Streamloots, three other startups have been awarded accordingly as ‘Most innovative’, ‘Most scalable’ and ‘Best Team.’ These four projects have been chosen from a total of 100 finalist startups, from the 3,700 projects submitted to South Summit’s 2019 edition.
María Benjumea, founder of Spain Startup-South Summit, granted American startup, Jubel, the award for Best Team.’ Jubel is a planning app, enabling users to create their own travel experience through artificial intelligence and customize it to one’s own style, preferences and budget.
Fintech startup, Bdeo, has been recognized as the ‘Most Innovative’ startup at South Summit 2019, an award granted by Carlos Torres, Group Executive Chairman at BBVA. The Madrid based startup is an online video-assessment platform created to prevent fraud in traditional claims management processes.
Lastly, Santiago Íñiguez, President of IE University, named marketing startup, Influencity, as the ‘Most Scalable’ startup. Originally from Madrid, this online platform helps users identify influencers worldwide and analyze their audience, demographics, language and interests.
The winners of this edition’s verticals were announced during the two previous days of the meeting: 2eyes vision for Healthcare & Biotech; Influencity for Marketing & Content; Bdeo for Fintech & Insurtech; Jubel for Travel & Tourism; Streamloots for Consumer Solutions; EPICA for Cutting Edge Technologies; Localyze for Digital Business & Government; Waga Energy for Energy & Sustainability and Iomob for Smart Mobility & Logistics.
South Summit 2019’s closing ceremony was preceded by Reyes Maroto, acting Minister of Industry, Trade and Tourism, who recognized the value of women entrepreneurs by emphasizing that “ideas are gender-neutral.” Maroto further advocated that “talking about ideas is tantamount to talent and, therefore, of creating change,” and stressed the Government’s determination to “make Madrid and Spain a country where startups can thrive. Let’s show the world that in Spain there is great entrepreneurial talent.” Along the same lines, she argued: “we have a regulation that has been designed for entrepreneurs, we want to set it in motion, be close to you and equip you with the necessary skills to succeed.”
Praxilabs, startup whose goal is to provide equal opportunities for improved STEM education to students around the world through interactive virtual 3D simulations, accessible and affordable for both educational institutions and students, wins EnlightED Awards 2019.
In addition, Smowltech has won IE University’s EnlightED Award for Best Startup in Higher Education; Neekids has won Fundación Telefónica’s EnlightED Award for Best Social Impact Project in Education; Marmelade has won Wayra’s Award for Most Scalable Education Startup, and Praxilabs has won Fundación Telefónica & Telefónica’s EnlightED Digital Education Award for Best Technology Solution for Learning and Training.
On the final day of South Summit 2019, the youngest entrepreneurs had the opportunity to participate in the Kids Competition, promoted by Fundación Créate to encourage entrepreneurship among students between the ages of 9 and 15. The Next Big Thing 2019 award was granted by the mayor of Madrid, José Luis Martínez-Almeida, to the project “Las Fontaneras”: Water Saving Shower. The project, a smart shower solution gadget used to measure water waste, was created by seven girls from the Giuseppina Nicoli International School of Madrid.
The winner in the Teen category of the Kids Competition was the project My Real Toy, from the Colegio Nuestra Señora de la Providencia de Madrid, a series of toys that are inclusive and eliminate stereotypes.
The final day at South Summit 2019 had a space exclusively dedicated to discussing the strengths of the city of Madrid, as well as the challenges and opportunities it has as a hub for innovation and entrepreneurship.
In the morning, the main actors of Madrid’s ecosystem showcased their projects and debated on the future of the region. Eduardo Sicilia, Minister of Science, Universities and Innovation of the Community of Madrid, initiated the debate, stating, “we have to grow with the help of intelligence, data and talent. We are what we share and Madrid is an enormous ecosystem”.