What Adler, Camozzi and Marcegaglia will do with Cdp Venture Capital

13 September 20213 years ago babelfish

Cdp Venture Capital announces the launch of the Corporate Partners I fund for the development of Italian companies in the sectors of technologies for industry and energy. Among the first investors are the Adler, Camozzi and Marcegaglia groups. All the details

CDP Venture Capital Sgr, the venture capital fund owned by CDP Equity (Cassa Depositi e Prestiti) and Invitalia (the investment agency of the Ministry of the Economy), today launched the Corporate Partners I fund.

It will aim, as stated on the website, to support "the development of the Italian ecosystem of innovative startups and SMEs in strategic sectors" such as the energy transition, digitalization (fintech and insurtech), technological innovation applied to industry and to infrastructure.

EQUIPMENT AND FOCUS

The fund will have an initial endowment of 180 million euros, allocated by CDP Equity and the Ministry of Economic Development. And it will operate in four main sectors, called IndustryTech (technologies for industry), EnergyTech (for energy and low-emission mobility), ServiceTech (for financial services) and InfraTech (for infrastructure).

ITALIAN DELAYS ON VENTURE CAPITAL

The Corporate Partners I fund is part of CDP's efforts to stimulate the growth of the Italian venture capital landscape: this term refers to that risk capital allocated by an investment fund to finance the start-up or growth of a company – a startup, for example – operating in a sector with a high development potential.

The AGI agency reports that in the United States, venture capital contributes more than 50 percent to total investments in startups. In Italy, on the other hand, for just 20 percent.

Corporate Partners I is the ninth investment fund launched by Cdp Venture Capital Sgr. It is managed by Marino Giocondi, manager (he worked for Zalando, McKinsey and the Atlantia group), together with Laura Scaramella, Carlotta Orlando, Gregorio Rodriguez d'Acri and Jacopo Volpi.

THE FUND'S FIRST ACTIVITIES AND INVESTORS

The Corporate Partners I fund has signed a first agreement in the IndustryTech sector for the development of industrial automation solutions in robotics, 3D printing, the Internet of things and sensors.

Among the first investors in the fund are the Adler group (transport), the Camozzi group (industrial automation) and the Marcegaglia group (steel).

THE OBJECTIVES OF THE FUND

The fund aims to achieve subscriptions of € 100 million in each of its operating segments (IndustryTech, EnergyTech ServiceTech and InfraTech).

THE COMMENT OF THE CEO ENRICO RESMINI

Enrico Resmini, CEO and general manager of CDP Venture Capital Sgr, stated that "corporate venture capital is an essential tool to ensure the development of a country like Italy, a world leader or co-leader in various supply chains and production processes "

“Corporates that have already been on the market for years”, he explains, “are today faced with daily competition on various fronts due to continuous technological progress and the consequent transformation of the markets. At the same time, Italian startups often find it very difficult to find the necessary funds for the first stages of development compared to similar realities coming from more structured foreign ecosystems ".

"The Open Innovation approach", he continues, "is therefore crucial both to guarantee development opportunities within the country for young innovative companies, and to allow existing companies to anticipate new trends and speed up response times. facing increasingly complex challenges ".

This is a machine translation from Italian language of a post published on Start Magazine at the URL https://www.startmag.it/economia/cdp-venture-capital-fondo-corporate-partners/ on Mon, 13 Sep 2021 14:13:25 +0000.