Fund for development of next generation of startups receives new investment
CDP Equity has strengthened its presence in the CDP Venture Capital’s Accelerator Fund, committing additional shares worth €50 million, to support the development of the Italian innovation ecosystem.
The Accelerator Fund was conceived with the goal to promote the creation of a business accelerator network in Italy, in partnership with major Italian and international operators.
The Fund’s investments are allocated to the start-ups included in selected acceleration programmes, which will also be supported in their subsequent development stages. As of today – together with leading companies in the target sectors and major institutional sponsors – accelerators in the technological areas most relevant to the industrial fabric have been launched to promote fintech in Milan, edutech in Venice, motortech in Modena, cybertech in Cosenza, blue economy in Taranto, digital manufacturing in Bologna, cleantech and sport & wellness in Rome. A widespread network that, thanks to the latest investments, will be further consolidated over the next months.
The total resources amount to €153 million – of which €75 million subscribed by CDP Equity and €50 million by the Italian Ministry of Economic Development through a co-investment fund – and will be further increased with a new commitment by CDP Equity to a total of €203 million.