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Italy launches EUR 1 bln innovation fund to support SMEs and startups

Tuesday 6 August 2019 | 11:40 CET | News
The ministry said state investment body Invitalia concluded the sale of a 70 percent stake of the share capital it held in Invitalia Ventures SGR to kick off the fund, which will be managed by state lender Cassa Depositi e Prestiti (CDP). Earlier this year MISE said the fund would be managed through a "control room designed to bring together and multiply public and private resources devoted to the strategic theme of innovation." One of the goals of the fund is to defend the national interest by countering the constant sale and dispersion of talent, intellectual property and other strategic

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Categories: Internet
Companies: Italian Ministry of Economic Development (MISE)
Countries: Italy
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