PwC, a renowned global professional services firm, and South Summit, a leading platform connecting startups, investors, corporations, and public institutions worldwide, have collaborated closely to advance innovation, entrepreneurship, and economic advancement in Spain. Sharing a common goal of fostering sustainable growth and societal value, both entities have pooled their knowledge and resources to nurture the Spanish entrepreneurial landscape. VIEW FULL REPORT (ES)VIEW FULL REPORT (EN) In continuation with their partnership, PwC and South Summit have unveiled their latest report, presenting the following findings:

• Although the total investments volume has suffered a reduction in 2023, the entrepreneurial ecosystem value has kept a positive pace. Indeed, the Spanish entrepreneurial ecosystem value has increased by 5% in 2023 with respect to 2022.
• The upcoming South Summit 2024 is expected to generate an economic impact of almost €35 million in the city of Madrid.
• For every €1 spent by South Summit on the event, €3.2 will be generated in Madrid’s economic activity.
• In terms of employment, the 2024 event will generate 3,011 equivalent jobs of monthly duration.
• The investment raised by the Spanish finalist startups in 2023 was €597 million, leading to an increase in the Spanish economic activity of €1,044 million. In particular, the investment raised by finalist startups from Madrid in 2023 amounted €302 million, resulting in an impact of €481 million on Madrid's economic activity (approximately 46% of Spain's total contribution).

South Summit is a global platform that facilitates the connection between startups, investors, corporations, and public institutions, playing a critical role in attracting talent and advancing global economic growth. In addition, South Summit continues creating high-valued connections in a particular entrepreneurial context.