The role of the science and technology park network in the innovation policy of Madrid region

Madrid has experienced significantly higher growth than the average growth observed in surrounding regional economies, with also higher average productivity values. In order to maintain this position at an international level, the Autonomous Community of Madrid faces numerous challenges posed by the new global economy, where knowledge and innovation are fundamental for competitiveness. In this context, collaboration, cooperation and the establishment of networks are determining elements for promoting innovation and competitiveness. In this respect, the Parks and Clusters Network of the Autonomous Community of Madrid is proposed as an answer to this international trend, with the aim to coordinate the Parks and Clusters services within the business fabric of Madrid, and its connection with the most advanced regions in the world. In this sense, with over 1,100 hectares, over 5,500 million euros of total investment and the creation of over 20,000 jobs, the Parks currently in development in Madrid aim to establish the Region as one of the most advanced, creative, and connected locations in the world.