Investment & Fund Management
which was backed by the European Investment
Full Credential Description
Impact Hub, a social enterprise based in Spain, faced the challenge of scaling its co-working and events spaces to accommodate a growing community of entrepreneurs and businesses. With a vision to create a total of 15,000m² of co-working space by 2020, the organization needed financial support to expand its operations and enhance its offerings.
To address this need, Impact Hub Madrid secured an EU-guaranteed loan from Triodos Bank, which was backed by the European Investment Fund (EIF) under the Investment Plan for Europe. This funding enabled Impact Hub to open two new workspaces in Madrid's financial district, specifically in Barceló and Torre Picasso, which are expected to host around 500 additional members. The strategic location in the financial district is anticipated to foster connections between local entrepreneurs and global corporations, promoting a modern and collaborative business environment.
As a result of this expansion, Impact Hub Madrid not only increased its capacity to support over 500 co-workers but also enhanced its role as a hub for innovation and entrepreneurship. The diverse community within its spaces allows members to easily find suppliers and clients, while in-house training programs provide opportunities for testing ideas and refining business strategies. This tailored solution has positioned Impact Hub as a vital player in the entrepreneurial ecosystem of Madrid, facilitating collaboration and synergies among various sectors, including social enterprises, cultural industries, and technology.