The Italia Space Venture Fund for innovative companies was born from the agreement between the Department for Digital Transformation and CDP Venture Capital.
Agreement signed between the Department for Digital Transformation and CDP Venture Capital. An agreement that defines the intervention methods of the Italia Space Venture Fund . The Agreement provides for the allocation of resources for the management of the Italia Space Venture Fund to CDP Venture Capital. An asset management company 70% owned by CDP Equity and 30% by Invitalia.
This is an endowment of 90 million euros from the complementary Fund to the National Recovery and Resilience Plan. This sum will be added to the additional 90 million given by CDP Venture Capital together with other private investments. The sum will eventually reach 250 million that Italia Space Venture will invest in new business projects in the space and aerospace sector . One example is the acceleration and technology transfer activities.
The Fund will provide specific financial support to sector companies, making up for the delay in the availability of Venture Capital funds. Furthermore, it will give substance to the Italian strategy in the space sector aimed at enhancing and increasing the “downstream” and “upstream” apps and the use of spatial data. A way to offer new services to citizens and businesses and to give economic growth .
Italy Space Venture aims to be a support tool for innovative space and aerospace companies . Some examples are university spin-offs, startups, private space-type venture capital funds. The Fund is a tool for assessing technological strength. The agreement provides for the specialized contribution of experts made available by the Italian Space Agency and the European Space Agency in support of CDP Venture Capital.
- Space, the Italia Space Venture Fund is born for innovative companies and specialized funds (innovation.gov.it)