Startup Initiative
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15/10/2009

Intesa Sanpaolo introduces the Start-Up Initiative

Demonstrating its profound knowledge and powerful bond with the entrepreneurial fabric of our country, and its steady relationship with investors specialised in
innovative investments in research and development, Intesa Sanpaolo has put into action a project for bringing closer together those who innovate and those who grant financing.

The Start-Up Initiative – conceived and promoted by the Corporate and Investment Banking Division and by its Innovation Team – represents the first platform in Italy devoted to this company typology.

The first edition of Start-Up Initiative, held recently in Milan, witnessed the participation of 26 Start-Ups, singled out thanks to a selection process involving over 50 realities of this type, and was carried out in three distinct phases:

 

  • In the first phase the firms took part in a  training session with the aim of preparing the business plan and the organisation and management of the meeting with investors. The two days of classroom training were conducted by John Dilts, teacher of business economics at prestigious American universities, founder of Maverick Angels LLC in California (a network of real “Business Angels”: informal investors focused on investments and mentoring of the fledgling businesses) and business consultant for strategies of sustainable innovation.
  • The training phase was followed by a day devoted to the rating and selection of the companies. Thanks to the participation of a panel of  experts coming from the world of Venture Capital, University Incubators and Foundations active in this sector, 14 Start-Ups gained access to the subsequent phase.
  • The operational phase witnessed the meeting of the selected companies with over 50 potential investors (among which Business Angels, Venture Capitalists, Seed Capital Funds and Foundations) according to the customary schemes for this type of event: presentation of the firm and its business plan and a Q&A session between investors and business dealing with economic, financial and technical matters.