Seed for the South: 5.7 million investments
CDP Venture Capital SGR - FNI and the Seed for the South program
The agreements are managed by the Italia Ventures II Fund, which thus extends its ceiling from 6 to 8 million euros for future investments. So comments Francesca Bria, President of CDP Venture Capital Sgr - National Innovation Fund.The Seed per il Sud program, which finances young business ideas and catalyses new investments in Southern Italy, is a priority for the Innovation Fund and for the post-COVID-19 economic revival of the productive ecosystem of the South. Enhancing startups and high-potential innovative realities means strengthening the economic development, the entrepreneurial fabric, the territorial cohesion of the country, as well as enhancing the role of accelerators in attracting future investments.
Out of 30 deliberated interventions, 23 have been signed and the next 7 are closing within the first weeks of September. 14 startups are located in Campania, 8 in Puglia, 4 in Calabria, 3 in Sicily and 1 in Sardinia. 6 of these are co-invested by the Accelerators Fund. The initiative generated an attractive effect of other private capital for 4.3 million euros, bringing the total placement to 10 million euros. Bria continues.
Seed to the South is a concrete action that bet on the talent and the human capital of young people and women, by activating the potential of innovation is still unexpressed, and creating new qualified employment opportunities, with the goal of making the Noon is a true laboratory of innovation
sustainable.
The actually selected will receive up to a maximum of 300,000 euro each within the next month. Are put new resources to the innovative enterprises already from the stage of seed and pre-seed, encouraging the development of a stream of investments for any subsequent work and for the matching between start-ups and qualified persons.
