The Spanish startup Lain Tech crowned winner of South Summit Madrid 2025
After three days marked by entrepreneurship and innovation, South Summit Madrid 2025, co-organised by IE University, concluded its fourteenth edition with the announcement of the winners of the Startup Competition. Lain Tech, a startup hailing from Pozuelo de Alarcón (Madrid), is revolutionising mining with a sustainable electrochemical process to recover complex metals. The method reduces the carbon footprint by 94% and uses 100% electric energy.
At the closing ceremony of the 14th edition of South Summit Madrid 2025, four other startups were also recognised: U.S.-based Bankuish, from Miami, was named 'Most Disruptive'; Chilean Hera Materials was awarded 'Most Sustainable'; and Catalan startups NeuralTrust and Remuner received the titles of 'Most Scalable', and the startup with the 'Best Team,' respectively.
During the South Summit 2025 closing event, the award for the South Summit Kids Competition — organised in collaboration with Genyus School — was also presented to Alcaste - Las Fuentes School from Logroño (La Rioja) for its project Smart Cart, an intelligent shopping cart that organises purchases and provides useful product information.
Under the theme 'In Motion', the event, co-organised by IE University, brought together more than 600 speakers, 150 investors, and 19 unicorns at La Nave in Madrid from June 4 to 6. The event was backed by the Secretary of State for Digitalisation and Artificial Intelligence, the Community of Madrid, and the Madrid City Council, along with sponsors such as Mutua Madrileña, Google for Startups, BBVA Spark, Wayra – Telefónica Innovation, and BStartup from Banco Sabadell.
The president and founder of South Summit, María Benjumea, wanted to praise all the participating startups on the last day of the meeting with these words: 'The 100 finalists are champions. We have seen impressive projects these days, you are in charge of revolutionizing the world. You are not the future, you are the now'.
Another of the highlights of the closing day was the session 'From Deep Tech Innovation to Scale Up', which was attended by Teresa Riesgo, Secretary General of Innovation of the Ministry of Science, Innovation and Universities; Manuel Escolano, Director of Open Innovation at Ferrovial; Esperanza Torralva, Director of Innovation at Moeves, and Natalia Álvarez, Head of Innovation at Repsol. During the meeting, public and private initiatives to promote technology transfer were presented, from funds such as Invest to open innovation projects or corporate investments in deep tech and sustainability.
All the participants in this session agreed that innovation only scales when there is real and sustained collaboration between administration, companies, and knowledge centres. They also wanted to underline the importance of aligning technological developments with industrial and social needs, and of committing to co-creation models that integrate all actors from early stages.
South Summit is the global platform that brings together all the actors in the innovation and entrepreneurship ecosystem to promote the development of business opportunities among all of them. Its main event is South Summit Madrid, co-organized by IE University, which has seen more than 42,500 startups pass through its thirteen previous editions, while its Startup Competition, from which 9 unicorns have been born, has resulted in more than 1,000 finalist startups, with a survival rate of 90% and 17,000 million dollars in investment raised.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
News18
11 hours ago
- News18
Bhartia Family Likely To Offload Stakes In Three Jubilant Companies Via Block Deals
Last Updated: The Bhartia family, promoters of the Jubilant Group, is preparing to offload partial stakes in its listed entities via block deals The Bhartia family, promoters of the Jubilant Group, is preparing to offload partial stakes in its listed entities via block deals, sources told The move comes as part of a broader strategy to raise funds, possibly linked to its planned investment in the beverage sector. According to sources, the promoter group will sell 1.32 crore shares of Jubilant FoodWorks, 56 lakh shares of Jubilant Pharmova, and 1.2 crore shares of Jubilant Ingrevia through these transactions. In Jubilant FoodWorks, the promoter is expected to divest a 2% stake at a floor price of Rs 641 per share, with Morgan Stanley acting as the broker for the deal. Meanwhile, the Jubilant Ingrevia stake sale will see the Bhartia family offload 7.53% of the company at a floor price of Rs 627.45 per share, representing an 8% discount to the current market price. Earlier, on June 12, Moneycontrol reported that the Bhartia family was eyeing block deals in listed Jubilant firms to help fund its acquisition of a 40% stake in Hindustan Coca-Cola Beverages (HCCB)—the Indian bottling arm of global beverage giant Coca-Cola. The landmark transaction was first announced in December 2023, when Jubilant Bhartia Group revealed it had entered into a definitive agreement to acquire 40% equity in Hindustan Coca-Cola Holdings (HCCH)—the parent of HCCB—through Jubilant Beverages Ltd, for a total consideration of Rs 12,500 crore. HCCB is the single-largest bottling partner for Coca-Cola in India, making the acquisition a major strategic move for the group's future diversification. Jubilant FoodWorks Ltd is the master franchisee for Domino's Pizza in India, Nepal, Sri Lanka, and Bangladesh. It also operates Dunkin' Donuts and Popeyes, alongside its own brands Ekdum! and Hong's Kitchen. As of June 12, the company had a market capitalisation of Rs 43,795 crore. Jubilant Pharmova Ltd, the group's pharmaceutical and contract research arm, operates in sterile injectables, novel drug discovery, CRO services, allergenic extracts, and U.S.-based radio-pharmacy businesses. Its market cap is around Rs 17,760 crore. Jubilant Ingrevia Ltd is the group's demerged life sciences and specialty chemicals business, engaged in the production of vitamins B3 and B4, pyridine derivatives, ethanol, and CDMO (Contract Development and Manufacturing Organization) services. As of June 12, it had a market capitalisation of Rs 10,753 crore. Shares of Jubilant FoodWorks Ltd closed at Rs 665.75 on the BSE, down Rs 20.10, or 2.93%, while Jubilant Ingrevia Ltd ended at Rs 683.45, up Rs 4.80, or 0.71%. Jubilant Pharmova Ltd settled at Rs 1,125, down Rs 19.90, or 1.74%. First Published: June 13, 2025, 07:29 IST
Mint
a day ago
- Mint
London copper rises, but volatility fears linger
(Update prices for Asia market close, adds analyst comment in paragraphs 3 and 4 and details in paragraph 5.) SINGAPORE, June 12 (Reuters) - London copper prices rose on Thursday, although the market expects volatility amid persistent uncertainty over the U.S-China trade deal. Three-month copper on the London Metal Exchange was up 0.4% at $9,683.5 per metric ton by 0706 GMT, while the most-traded copper contract on the Shanghai Futures Exchange lost 0.7% to 78,610 yuan a ton ($10,947.40). "LME and SHFE copper prices have been diverging as China's domestic demand for copper has shown signs of seasonal weakening, while LME is being supported by possible U.S. tariffs on copper imports," a Hangzhou-based metals analyst said. Copper inventories in SHFE-registered warehouses are building up but at a slow pace, which is unlikely to pressure SHFE prices too much, she said. SHFE copper inventories rose to 107,404 tons in the week ended June 6, from 98,671 tons in the week ended May 23. The U.S. and China reached agreement on Tuesday that restores a trade truce, removing Beijing's export curbs on rare earths and allowing Chinese students access to U.S. universities, although markets remain cautious about further developments. Meanwhile, the dollar slid after U.S. inflation rose less than expected in May, suggesting the Federal Reserve could cut rates soon. A weaker dollar typically supports metal prices by making them more attractive to buyers using other currencies. Among other LME metals, zinc added 0.5% to $2,666 per ton, lead gained 0.4% to $1,995.5, aluminum advanced 0.2% to 2,521.5, while nickel fell 0.2% to $15,140, and tin inched 0.1% lower to $32,630. Among SHFE metals, aluminium gained 1.1% to 20,395 yuan a ton, zinc rose 0.3% to 22,085 yuan, lead gained 0.3% to 16,890 yuan, while nickel fell 1.2% to 120,000 yuan. For the top stories in metals and other news, click or 1230 US Initial Jobless Clm Weekly 1230 US PPI Machine Mfg May 1600 US Federal Reserve issues Quarterly Financial Accounts of the United States ($1 = 7.1807 Chinese yuan) (Reporting by Hongmei Li; Editing by Sumana Nandy)
Economic Times
a day ago
- Economic Times
China, Hong Kong stocks fall as initial Sino-US trade optimism wanes
Stocks in China and Hong Kong traded lower on Thursday, led by declines in the tech sector, as markets struggled to sustain the positive momentum from the Sino-U.S. trade talks that lacked concrete details. ADVERTISEMENT China's blue-chip CSI 300 Index closed about 0.1% lower after wavering through the day, slipping from the three-week high touched on Wednesday. Hong Kong's Hang Seng index lost 1.4% at close to pull back from the nearly three-month high hit in the previous session. Tech shares led losses in onshore and offshore markets. The CSI Semiconductor Index shed 1.5%, while the Hang Seng Tech Index dropped 2.2%. Among major losers, chipmaker SMIC fell 2% to a one-week low. Alibaba weakened 3.2% and EV-maker Xpeng slid 6.7%. The CSI Rare Earth Index closed flat after slipping nearly 1% in the morning session and continued to hover near its seven-month high. ADVERTISEMENT A trade truce between the world's two biggest economies was back on track, U.S President Donald Trump said, a day after negotiators from Washington and Beijing agreed on a framework to ease bilateral retaliatory tariffs. Under the agreement, Beijing will lift export curbs on rare earth minerals and the U.S. will restore Chinese students' access to its universities, Trump said on Truth Social. ADVERTISEMENT Yet the terms remain subject to final approvals, with details notably absent. The 55% tariffs on Chinese imports will also stay, U.S. Commerce Secretary Howard Lutnick said. "We still don't know if what Trump says will actually happen. It's disappointing that the tariffs rates were not dialled down at all and tech curbs on China were not even mentioned," said Jason Chan, senior investment strategist at Bank of East Asia, Hong Kong. ADVERTISEMENT The talks left key issues, like chip exports, unaddressed, leaving room for conflicts in the future, and no one knows for how long the current truce will last, he added. Chinese markets have been struggling to recover from trade shocks for the past two months after Trump announced sweeping tariffs on April 2 that threatened the global trade system. ADVERTISEMENT The CSI 300 Index has barely eked out any gains since then, while the Hang Seng Index has climbed 3.5%, but the two are underperforming the nearly 10% bounce in the MSCI World Index . The market is less sensitive to trade talks and investors are shifting focus to economic fundamentals, Wang Zhuo, partner at Zhuozhu Investment, said. "The key for China now is to bolster manufacturers' confidence and break the deflationary trend." (You can now subscribe to our ETMarkets WhatsApp channel)
