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General

Italy presents EUR 1 bln innovation fund

Tuesday 5 March 2019 | 09:32 CET | News

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Italy's deputy prime minister and industry minister Luigi Di Maio has presented the government's new national innovation fund, pledging EUR 1 billion over 3 years to support investments in local startups and bring innovative ideas to Italian companies. "We want to help create new startups and new venture capital to ensure the many young people trained in Italy remain in the country and prevent them from giving their innovative ideas to other countries," said Di Maio at an event in Turin, adding that the aim is also to "create habitats to make foreigners come to set up startups here."

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Categories: General
Companies: MiSE
Countries: Italy
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