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Madrid invests nearly 900,000 euros in innovation lab to promote artificial intelligence

The city council approves a contract to manage the Madrid Innovation Lab, reinforcing the city's status as a leader in innovation and technology.

Madrid invests nearly 900,000 euros in innovation lab to promote artificial intelligence

The Madrid City Council has authorised a contract worth 897,979 euros to support the management of the Madrid Innovation Lab (MIL) for the next two years. This initiative aims to enhance public understanding of artificial intelligence (AI) and advanced technologies through various events, training programmes, and activities accessible to all residents.

Established in 2022, the Madrid Innovation Lab is located in the Chamberí district and serves as a key hub for AI and deeptech innovation. The new funding will ensure the continuity of this important space, which focuses on making these technologies available to businesses, startups, educational institutions, and the wider community.

The city council's commitment to AI is evident in its strategy to promote responsible and knowledgeable use of these technologies among citizens and the local business ecosystem. The contract includes not only advanced training programmes but also outreach activities aimed at various demographics, including senior citizens and local shops, to help them understand the practical applications of AI in their daily lives.

Over the next two years, the Madrid Innovation Lab plans to host at least 90 annual events centred on AI and advanced technologies. These will include expert-led excellence days featuring national and international specialists, as well as an intensive annual summer camp programme.

The contract also covers the overall management of the Madrid Innovation Lab, including public engagement and the promotion of initiatives to better connect innovation stakeholders within the city. Through this investment, the Madrid City Council aims to establish the MIL as a dynamic and open space that fosters the AI ecosystem and positions the city as an international innovation hub.

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