Despite all the news that Tech.eu brings you, a very small percentage (1.25%) of it mentions startups and/or tech news from Italy.
As pointed out by our semi-regular contributor Julia Gifford in her report “What 21 Investors Say About Investing in Italian Startups”: Italy’s startup scene is an enigma. The abundance of innovation and accessible, highly educated talent in Europe’s fourth – and eighth – largest economy should be enough to foster a thriving startup ecosystem.
That said, Italy is not without activity, in fact, names like Scalapay (Italy’s first unicorn – from February 2022), Casavo, and Bending Spoons immediately come to mind, and so, this country is not. Without its own internal accelerators and thrusters.
However, something is constantly missing. something Not like that. Maybe, and it’s just a maybe, Italy’s startup scene could use a little external push? Or maybe Nordic VCs were looking for a budding garden to nurture? But why or, or? Why not both?
2022 was the year Italy stepped up its challenge to take over the crown of European startups. “More investment in the region and easier access to infrastructure is needed to help a new generation of entrepreneurial talent succeed.” – Henry Lynn Fox, CEO, Founders Factory
Perhaps this is where the thinking lies as London-based Founders Factory and Switzerland’s Milan-based Fastweb join forces to create, finance, launch and scale more than 30 innovative Italian and international digital businesses over the next five years. .
With a history going back 8 years (at least on paper, much, much longer in practical experience), Founders Factory is set to provide access to capital, a global network and proven operational support. At the Fastweb table, entrepreneurs open the doors to technological and business scalability potential and facilitate entrepreneurs’ connections with local and international markets.
This joint venture is supposed to focus on startups that operate in the fields of smart home, cyber security, healthcare, edutech and industry 4.0. The accelerator will focus on helping pre-seed and early-stage startups scale and expand, while the venture studio will design and launch new startups.
Fabio Troianni, co-founder and former CEO of BIP Consulting Group, will lead the Founders Factory Italy initiative, concluding: “During my 30 years of consulting, I have often dealt with how large companies They can learn innovation from it. Small and agile innovative startups have seen more failures than successes so far.
Founders Factory’s unique formula combines the speed and creativity of the startup movement with the strength of managing large companies and business cases. For those built and launched by Founders Factory Italy, it gives innovation and credibility while companies benefit from innovation and return on investment. A unique combination to ensure success in innovation.
Lead image: Andrew Huang