Innovation in Action: Business and Entrepreneurship in Madrid

How do students begin to understand a city’s business culture? In Madrid, one answer is to meet the people building it. During a recent visit to Impact Hub Madrid, students from TCU’s Global Business and International Marketing Spring Break program explored Spain’s startup ecosystem through direct conversation with local entrepreneurs and innovators.

Spain has invested significantly in digital transformation, emerging technologies, and innovation-driven entrepreneurship in recent years. In Madrid, that momentum is visible in coworking spaces, incubators, accelerators, and networks that bring together founders, investors, educators, and students. Impact Hub Madrid is one such space: part of a global network of locally operated centers, it supports entrepreneurs through community, workspace, mentorship, and programs designed to move ideas from concept to action.

For TCU students studying management, marketing, and business ethics in an international context, the visit offered more than a company overview. Organized as a roundtable discussion, the session invited entrepreneurs to present their projects and speak candidly about the realities of launching and growing a business in Spain. Students were able to ask questions about strategy, customer needs, workplace culture, and the challenges of turning innovation into a sustainable venture.

Among the featured companies was Shoppermotion, a technology firm that uses cameras and sensors in retail settings to understand how customers move through stores. By analyzing shopper behavior, the company helps retailers optimize store layouts and improve the customer experience. Its work illustrates how data, design, and consumer insight can come together to solve practical business problems.

Students also heard from Aunaknow, a software development company, and SimSkills, an artificial intelligence-powered platform built around business role-playing simulations. SimSkills uses a learn-by-doing methodology to help professionals practice communication and sales scenarios, including cold calls and sector-specific interactions in areas such as healthcare. Together, the companies showed students the range of Spain’s innovation economy, from retail analytics and software development to AI-enhanced professional training.

The exchange gave students a grounded view of entrepreneurship as both a local and global practice. They saw how Madrid-based companies respond to market needs, adapt technology to human behavior, and navigate the cultural context of doing business in Spain. Just as importantly, they experienced how learning abroad can connect classroom concepts to the people, places, and decisions that shape real organizations.

For programs focused on business, marketing, and international management, visits like this offer students a powerful opportunity to compare ideas across borders and develop the global perspective that today’s professional landscape demands.

Accent has extensive resources and experience in diverse customized business program models, including semester, quarter, and short-term programs, including programming designed for undergraduate, MBA, and Executive MBA cohorts.