Of all the news brought to you by Tech.eu, a surprisingly small percentage (1.25 percent) mention startups and/or tech news originating in Italy.
As our semi-regular contributor Julia Gifford noted in her report “What 21 Investors Have to Say About Investing in Italian Startups”: The Italian startup scene is an enigma. An abundance of innovation and accessible, highly-skilled talent in Europe’s fourth largest economy and the world’s eighth largest should have been enough to nurture a thriving ecosystem of start-ups.
That said, Italy is not without its activity, indeed, with names like Scalapay (Italy’s first unicorn, as of February 2022), Casavo and Bending Spoons immediately spring to mind, and likewise, the country You’re not without your own homegrown boosters and boosters.
However, something is constantly missing. Something I dont know. Maybe – and this is just a maybe – Italy’s opening scene could use a bit of an outside push? Or perhaps Northern European venture capitalists have been looking for a budding garden to foster? But why either or? Why not both?
“2022 was the year that Italy expanded its challenge to take the European startup crown. More investment in the region and easier access to infrastructure are needed to help a new generation of entrepreneurial talent succeed.” – Henry Lane Fox, CEO, Founders Factory
Perhaps herein lies the thinking behind London-based Founders Factory and Milan-based Swisscom-owned Fastweb joining forces to build, finance, launch and scale more than 30 innovative Italian and international digital businesses over the next few years. five years.
With a history going back 8 years (at least on paper, much, much longer in hands-on experience), Founders Factory is set to provide access to capital, a global network and proven operational support. On the Fastweb side of the table, entrepreneurs will open the doors to technological and business scaling potential and facilitate entrepreneurs’ connections to local and international markets.
The joint venture is slated to focus on startups operating in the fields of smart homes, cybersecurity, healthcare, edtech, and industry 4.0. The accelerator will focus on helping pre-seed and early-stage startups scale and expand, while the venture study will design and launch new startups.
Fabio Troiani, former co-founder and CEO of the BIP consulting group, will lead the Founders Factory Italy initiative and concludes: “Throughout my 30 years of consulting, I have often dealt with the topic of how large companies can learn to innovate through from small and agile innovative startups. So far, I have witnessed more failures than successes.
Founders Factory’s unique formula blends the speed and creativity of the startup movement with the strength of corporate governance and business cases of large companies. For those built and launched by Founders Factory Italy, it brings innovation and credibility, while companies benefit from innovation and returns on capital. A unique mix to guarantee success in innovation.”
Main image: Andrew Hoang