New edition of the Madrid Impacta 2024 award

• The VIII edition of the Madrid Impacta award has been announced, with a total endowment of 50,000 euros
• The deadline for submitting applications begins tomorrow, April 9, and will end on May 23

The award Madrid Impacta 2024 is one of the lines of recognition of the Madrid City Council for social entrepreneurship.

Objectives

The main objective is to economically and socially support business projects with real measurable impact promoted by entrepreneurs and social companies that, through a specific economic activity, address detected problems that society and, especially, the groups in risk of exclusion or social or economic vulnerability and provide solutions to mitigate or prevent these problems.

Other objectives of the award are to make impact entrepreneurship known to society and its importance in finding solutions to social and environmental problems not solved by traditional companies, to mediate in the connection between these companies and social impact investors and to stimulate the investment of social impact in the city of Madrid.

They also focus on highlighting the fundamental role of Madrid as a city that promotes initiatives that combine the entrepreneurial spirit with social value, innovative projects and job generators, in line with the Sustainable Development Goals of the United Nations 2030 Agenda.

Requirements to participate in the Madrid Impacta 2024 award

Companies that meet the following requirements may participate in this call:

• Being an SME
• Have any of the following legal forms:

• • Individuals: individual or self-employed entrepreneur, limited liability entrepreneur, community property and civil partnerships.
  • Legal entities: public limited company, limited company, new company limited company, labor limited company, cooperatives and associations that carry out an economic activity on a regular basis.

• Have started your business activity as of January 1, 2019.
• Have issued billing for the project for which you are submitting the award.
• Have a social entrepreneurship project:

• • Original, creative, disruptive and innovative, with or without a technological base.
  • Oriented to respond to complex situations.
  • With a positive impact that generates an economic benefit for the business and also for society as a whole.
  • Measurable, characterized by developing new products or services, identifying new customer segments, alleviating shortage problems in any sector (health, food, housing or similar), implementing automation and digitalization of traditional sectors, training in digital and technological skills or Similar.
  • With a prototype of a product or service tested in the market with already measured or measurable results.

• Have a methodology aimed at measuring the social impact and the degree of mitigation or resolution of the problem or need that is intended to be resolved.

Awards

The total endowment of this edition is 50,000 euros, with the following breakdown:

• First prize for “Social Company of the Year 2024”, financially endowed with 12,000 euros.
• Second prize for “Social Company of the Year 2024”, financially endowed with 6,500 euros.
• Third prize for “Social Company of the Year 2024”, financially endowed with 4,000 euros.
• 11 second prizes, financially endowed with 2,500 euros each, in the following categories:

1. 1. Social entrepreneur in the young category, where the youth of the entrepreneur will be valued.
   2. Best Madrid social entrepreneurship project.
   3. Social company of the entrepreneurship and innovation centers of the Madrid City Council.
   4. Social company with the best elevator pitch.
   5. Social company with the greatest potential for growth and international projection.
   6. Social enterprise with the greatest environmental impact.
   7. Social company with the greatest impact on the universal accessibility of cities.
   8. Social enterprise with the best project in the field of clean energy.
   9. Social enterprise with the best project in the scientific/technological field.
   10. Social enterprise with the best project in the field of well-being and health.
   11. Social enterprise with the best project in the field of education.

sponsors

For the launch and development of this call, Madrid City Council will be sponsored by Impact Hub Madrid, PwC Spain, IBM, REPSOL Foundation and Crisalion Mobility.

These sponsors will grant the following contributions in kind:

Impact Hub Madrid:

• Two Respira memberships in Impact Hub for each of the three companies that won the “Social Enterprise of the Year 2024” award for six months.
• Six months of free Conecta Digital membership (connection to a global community with which you can interact both in Madrid and in more than 100 cities around the world) for each of the eleven companies that win the second prize.

PwC Spain: eight weeks of mentoring related to the key aspects for growth for the company that won the first prize “Social Company of the Year 2024”, developed by professionals from PwC's High Growth Companies area.

IBM: Access to the “Startup with IBM” program with IBM Cloud credits for more than 100 services for 12 months with expert coaching sessions for the three companies that won the “Social Enterprise of the Year 2024” award.

REPSOL Foundation: six months of monitoring and specialized mentoring with experts in multiple disciplines for the company that won the second prize for “Social company with the best project in the field of clean energy.”

Crisalion Mobility: will provide the company that wins the first prize “Social Company of the Year 2024” with 10 hours of mentoring from its steering committee.

Presentation of applications

Applications must be submitted, along with the required documentation, to the Registry of the Madrid City Council:

• Electronically, by accessing the Electronic Headquarters from the Madrid City Council: Application for participation in the Madrid Impacta 2024 award. In this case, one of the electronic identification systems accepted by Madrid City Council must be used.

Legal persons, entities without legal personality and other subjects bound by article 14.2 of Law 39/2015, of October 1, on the Common Administrative Procedure of Public Administrations, are required to submit the application by electronic means.

• In person, in the registration offices of the Madrid City Council. They may also be presented through the other forms provided for in article 16.4 of Law 39/2015, of October 1, on the Common Administrative Procedure of Public Administrations.

The request for participation must be attach 2 documents independent according to the following specifications indicated in the bases:

• impact project
• Identification of the promoting team

Submission Deadline

The deadline for submitting applications It begins on April 9 and will end on May 23 at 11:59 p.m.

Check the Complete rules for the Madrid Impacta 2024 award.