Cdp Venture Capital, here are the new Mise resources for start-ups and innovative SMEs
The Minister of Economic Development Giorgetti has defined a package of measures to support and strengthen investments in innovative startups and omi with over 2.5 billion, assigning resources to Cdp Venture Capital Sgr (Cassa Depositi e Prestiti group)
New state resources for startups and innovative SMEs.
The Minister of Economic Development Giancarlo Giorgetti (Lega) has defined a package of measures to support and strengthen investments in innovative startups and SMEs with over 2.5 billion euros, in order to foster the growth of an innovation ecosystem and accompany ecological and digital transition processes.
THE MOVE OF MISE PRO CDP VENTURE CAPITAL
The Mise has assigned the resources to Cdp Venture Capital Sgr, 70% controlled by the Cassa Depositi e Prestiti (Cdp) Group, which has the task of attracting new national and international investors and growing the venture capital market in Italy.
RESOURCES FOR CDP VENTURE CAPITAL
Cdp Venture Capital will therefore have at its disposal the 2 billion euros allocated by the Ministry in implementation of the infrastructure decree, to which will be added 550 million of resources provided for by the National Recovery and Resilience Plan (Pnrr). Another 600 million will be allocated by CDP and third party investors.
THE SIGHTS OF MISE AND CDP
In particular – reads a note from the Cdp and Mise group – the new resources will be used to support venture capital operators, also through the strengthening of indirect investments in funds; the promotion of initiatives in favor of the ecological and digital transition processes of Italian SMEs and key supply chains; the creation of new equity and debt instruments for startups in an advanced stage of development; strengthening support for startups in the initial stages, including through technology transfer poles and acceleration programs. With the new endowment CDP Venture Capital – which in its first two years of activity has approved investments for about 700 million – will be able to consolidate the role of main player in the national market, stimulating a further strong push to the entire sector of startups and innovative SMEs. .
GIORGETTI'S COMMENT
"I am very satisfied with these initiatives that come after a long discussion because they develop a synergy between Mise and Cdp that can lead to interesting results for the development of startups and innovative small and medium-sized enterprises – commented Minister Giorgetti – We want to give a signal concrete, important and immediate to accompany Italian companies towards the victory of the challenge with the ecological transition which, if not faced with foresight and balance, will leave deaths and injuries along its path in terms of closed companies and people who remain out of work. From the collaboration already experienced with Cdp we expect important results for the development and growth of the Italian economy ".
THE WORDS OF SCANNAPIECO
Dario Scannapieco , Cdp CEO, commented: "Thanks to the consolidated collaboration with the Ministry of Economic Development, the Italian venture capital sector will have significant resources available to support the growth of startups and innovative SMEs, as well as promoting market conditions in favor of creating national champions of the future. With the new resources available, Cdp Venture Capital can represent one of the key players in the economic context with a view to supporting entrepreneurship and strategic projects ".
This is a machine translation from Italian language of a post published on Start Magazine at the URL https://www.startmag.it/innovazione/cdp-venture-capital-ecco-le-nuove-risorse-del-mise-per-start-up-e-pmi-innovative/ on Sat, 29 Jan 2022 09:11:35 +0000.