FA1

Year:
2020

Type of intervention:
Debt & Grants – Innovative Start-up – Research funding

The company
The company born in the USA, aims at creating digital products and services by inserting sensors inside IoT accessories, footwear and clothing to capture biometric data from the human body to be used in sports and health.

Why
we
intervened

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The company plans to develop a program of investments in Italy to start the production of sensors and an IT infrastructure based on Artificial Intelligence systems; it also plans to build a flexible corporate structure that allows the entry of new partners and encourage its investment plan.

How
we are
intervening

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We have set up an ad hoc vehicle to maximize the public funding and tax incentives made
available thanks to the Innovative Start-up corporate model. We are supporting the new Start-up in the drawing on funding.

First outcome

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Being recognized as Innovative Start-up in the Chamber of Commerce, the company will be able to obtain important investments from private investors and to access tax and financial incentives more easily. Thanks to our intervention, a foreign company has decided to bring part of its R&D asset to Italy, implementing the Italian research fabric. The intervention of setting up an Innovative Start-up will ensure that the research and development plan will receive important funding from the Smart&Start program.