IGPDecaux joins the Invitalia Venture Investment Network and opens up to innovation
Joining the Invitalia Ventures Investors Network back in October, was the first step of a long meaningful series towards Open Innovation for IGPDecaux. Invitalia Ventures is a fully owned SGR company by Invitalia Group that manages the co-investment Fund dedicated to equity investment into the best startup and innovative SMEs in Italy, operating in cooperation with national and international partners. The platform for Italian innovation sees an increasing presence of Corporate partners that are investigating for potential investment opportunities in promising Italian startups.
Thanks to Invitalia Ventures, the Italian VC capital market received a boost of 87 million euros for its development. This significant path is aimed to unlock the best investments opportunities that Italy may offer and to upgrade the VC industry that is still minor positioning, if compared to other European countries. The investments fund has been subscribed by a mix of public and private investors, first of whom Invitalia, the National Agency for inward investment and economic development, owned by the Italian Ministry of Economy that allocated 50 million euros from its Sustainable Growth Fund. Additional investments came from international and Italian investors such as CISCO, Metec (Ginatta Group), the Sardinia Banking Foundation and recently the European Investment Bank.
So far Invitalia Ventures invested 11 mil in 16 Start-Up belonging to different sectors, such as Urban Mobility, VR and EdTech, all of special interest for IGPDecaux. With this partnership IGPDecaux opens up to the Italian Innovation Ecosystem and, in line with the JCDecaux Group’s Innovation Strategy, it warmly welcomes the stimuli that will arrive in different shapes.