VDS 2024: A Convergence of Innovation and Investment in Valencia
October 29, 2024, 3:54 pm
Location: United States, New York
Employees: 5001-10000
Founded date: 2007
Total raised: $3.09B
Valencia, a city known for its vibrant culture and stunning architecture, recently transformed into a bustling hub of innovation. The seventh edition of the Valencia Digital Summit (VDS) took place on October 23 and 24, 2024, at the iconic City of Arts and Sciences. This year, the event drew over 12,000 professionals, including more than 4,000 international attendees from 110 countries. It was a melting pot of ideas, investment, and inspiration.
The numbers tell a compelling story. VDS 2024 attracted investors with a staggering collective portfolio exceeding €250 billion in private equity. Among the heavyweights were Softbank’s VisionFund, managing over €100 billion, and Pegasus Tech Ventures, known for its impressive track record with 72 exits, including giants like Airbnb and SpaceX. This gathering was not just about numbers; it was about forging connections that could shape the future.
The atmosphere buzzed with energy. Over 2,500 startups and 1,500 corporations mingled, creating a fertile ground for synergies and business opportunities. The event's growth trajectory is remarkable. International participation surged by 65% compared to previous years, underscoring Valencia's rising status as a global tech hub. The diverse representation of 80 nationalities in 2022 grew to 110 in 2024, showcasing the event's appeal.
VDS 2024 also shone a spotlight on innovation through its international startup competition. Among the 800 startups vying for recognition, HULO.ai emerged victorious in the Early Stage category. This Dutch-founded startup focuses on sustainable water supply solutions, utilizing advanced leak-detection algorithms. In the Growth Stage category, Smart Point claimed the prize, offering AI-driven solutions to enhance retail and urban infrastructure. These winners exemplify the innovative spirit that VDS seeks to promote.
The event also featured a significant collaboration agreement between Startup Valencia and Innovation Quarter. This partnership aims to bolster innovation and investment in their respective ecosystems, positioning Valencia and Zuid-Holland as international centers for talent and entrepreneurship. The signing of this agreement reflects a commitment to nurturing the startup community and fostering cross-border collaboration.
A highlight of VDS 2024 was the focus on artificial intelligence (AI). The event hosted over 20 sessions dedicated to exploring AI's challenges and opportunities. Industry leaders gathered to discuss the transformative power of AI across various sectors. Randi Zuckerberg, founder of Zuckerberg Media, delivered a keynote address on the pros and cons of AI adoption, providing valuable insights for both individuals and corporations. The discussions ranged from funding challenges to ethical considerations, showcasing the multifaceted nature of AI's impact on society.
Sustainability was another key theme at VDS 2024. The Green Stage, supported by the Valencia City Council, emphasized the role of government in shaping future cities and promoting sustainable projects. Presentations focused on how technology can drive environmental initiatives, aligning with Valencia's designation as the 2024 European Green Capital. This commitment to sustainability resonates with the global push for greener practices in the tech industry.
The event also recognized outstanding contributions to the entrepreneurial landscape. Valencia Mayor María José Catalá presented the honorary award, ‘VDS City of Valencia,’ to Hortensia Roig, President of EDEM, for her leadership and dedication to fostering a culture of innovation. Ana Maiques, CEO of Neuroelectrics, received the VDS2024 award for her inspiring work in developing therapies for neurological diseases. These accolades highlight the importance of leadership in driving change and innovation.
The closing ceremony was a fitting end to a dynamic event. It featured prominent figures, including Diana Morant, Minister of Science, Innovation, and Universities, and other key stakeholders. Their presence underscored the institutional support for initiatives that promote innovation and entrepreneurship in Valencia.
VDS 2024 was more than just a conference; it was a celebration of creativity, collaboration, and the relentless pursuit of progress. The event's success reinforces Valencia's position on the global tech map. As the sun set over the City of Arts and Sciences, the echoes of conversations and ideas lingered in the air, promising a bright future for the startups and investors who gathered there.
In conclusion, VDS 2024 was a testament to the power of connection. It brought together visionaries, investors, and innovators, all eager to shape the future. Valencia, with its rich history and forward-thinking spirit, is poised to lead the charge in the ever-evolving tech landscape. The summit was not just an event; it was a catalyst for change, igniting the flames of innovation that will continue to burn brightly in the years to come.
The numbers tell a compelling story. VDS 2024 attracted investors with a staggering collective portfolio exceeding €250 billion in private equity. Among the heavyweights were Softbank’s VisionFund, managing over €100 billion, and Pegasus Tech Ventures, known for its impressive track record with 72 exits, including giants like Airbnb and SpaceX. This gathering was not just about numbers; it was about forging connections that could shape the future.
The atmosphere buzzed with energy. Over 2,500 startups and 1,500 corporations mingled, creating a fertile ground for synergies and business opportunities. The event's growth trajectory is remarkable. International participation surged by 65% compared to previous years, underscoring Valencia's rising status as a global tech hub. The diverse representation of 80 nationalities in 2022 grew to 110 in 2024, showcasing the event's appeal.
VDS 2024 also shone a spotlight on innovation through its international startup competition. Among the 800 startups vying for recognition, HULO.ai emerged victorious in the Early Stage category. This Dutch-founded startup focuses on sustainable water supply solutions, utilizing advanced leak-detection algorithms. In the Growth Stage category, Smart Point claimed the prize, offering AI-driven solutions to enhance retail and urban infrastructure. These winners exemplify the innovative spirit that VDS seeks to promote.
The event also featured a significant collaboration agreement between Startup Valencia and Innovation Quarter. This partnership aims to bolster innovation and investment in their respective ecosystems, positioning Valencia and Zuid-Holland as international centers for talent and entrepreneurship. The signing of this agreement reflects a commitment to nurturing the startup community and fostering cross-border collaboration.
A highlight of VDS 2024 was the focus on artificial intelligence (AI). The event hosted over 20 sessions dedicated to exploring AI's challenges and opportunities. Industry leaders gathered to discuss the transformative power of AI across various sectors. Randi Zuckerberg, founder of Zuckerberg Media, delivered a keynote address on the pros and cons of AI adoption, providing valuable insights for both individuals and corporations. The discussions ranged from funding challenges to ethical considerations, showcasing the multifaceted nature of AI's impact on society.
Sustainability was another key theme at VDS 2024. The Green Stage, supported by the Valencia City Council, emphasized the role of government in shaping future cities and promoting sustainable projects. Presentations focused on how technology can drive environmental initiatives, aligning with Valencia's designation as the 2024 European Green Capital. This commitment to sustainability resonates with the global push for greener practices in the tech industry.
The event also recognized outstanding contributions to the entrepreneurial landscape. Valencia Mayor María José Catalá presented the honorary award, ‘VDS City of Valencia,’ to Hortensia Roig, President of EDEM, for her leadership and dedication to fostering a culture of innovation. Ana Maiques, CEO of Neuroelectrics, received the VDS2024 award for her inspiring work in developing therapies for neurological diseases. These accolades highlight the importance of leadership in driving change and innovation.
The closing ceremony was a fitting end to a dynamic event. It featured prominent figures, including Diana Morant, Minister of Science, Innovation, and Universities, and other key stakeholders. Their presence underscored the institutional support for initiatives that promote innovation and entrepreneurship in Valencia.
VDS 2024 was more than just a conference; it was a celebration of creativity, collaboration, and the relentless pursuit of progress. The event's success reinforces Valencia's position on the global tech map. As the sun set over the City of Arts and Sciences, the echoes of conversations and ideas lingered in the air, promising a bright future for the startups and investors who gathered there.
In conclusion, VDS 2024 was a testament to the power of connection. It brought together visionaries, investors, and innovators, all eager to shape the future. Valencia, with its rich history and forward-thinking spirit, is poised to lead the charge in the ever-evolving tech landscape. The summit was not just an event; it was a catalyst for change, igniting the flames of innovation that will continue to burn brightly in the years to come.