London, 19 July 2019 – Startupbootcamp, the leading global network of industry-focused accelerators, today announces the launch of its first ItalianTech acceleration programme, focused on supporting 12 innovative “Made in Italy” startups entering the UK market.
Sponsored by the Italian Ministry of Economic Development and the Italian Trade & Investment Agency in London, this cohort is now part of the UK chapter of the Global Startup Program, which has allocated a total fund of 4 million Euros to the project. It is supporting 104 innovative startups attending international programs in six countries worldwide, across Great Britain, China, USA, South Korea, Japan and Slovenia. The objective is to finance an experience abroad for the best start Italian companies engaged in innovative sectors with strong potential for international growth.
Participating startups range across industries including Green Energy, Transport, FinTech, MedTech, Blockchain, Digital Manufacturing and Media. The programme is two-stage, having started with specialised training in four Italian cities with strong emphasis on practical steps to manage the scale-up process.
The UK programme with Startupbootcamp will include three months of training, covering introductions, corporate introductions for collaborations and support on successfully launching operations in the UK, whilst growing a user base. Elisa Grasso, Program Director, Startupbootcamp ItalianTech commented: “We see huge opportunities in between the Italian and UK startup ecosystems. The Italian tech startup market is undergoing tremendous growth – in 2018 Italian startups raised €522 million, compared to just €140 million in 2017. We are looking forward to connecting the startups partaking in our programme to the tools and companies that will give them the best foundation for success with their UK launch.”
Michele Geraci, Undersecretary for Economic Development, Italy: “I started this programme because I strongly believe that a period abroad represents a significant step to allow our young companies to open up to the world and to take that leap forward in the dimensional growth that has been lacking so far and that has meant that the Italy is one of the few countries without “Unicorns.”
“We have chosen to invest directly in the experience of young startups, and not to provide a simple direct financial contribution, because we believe it is essential to confront international realities to concretely accelerate the growth of companies and their internationalization. The Global Start Up Program represents the starting point of a new attention for these companies, which are fundamental for the growth of our economy, in Italy and abroad, which is added to other domestic initiatives.”
Sabine VanderLinden, Partner Rainmaking, “As experts at delivering successful acceleration and corporate innovation programmes, we anticipate that the participating startups will benefit from a memorable and transformative experience as we will fast-track their entry into the UK market and provide them with the soft-landing and invaluable introductions they need within the London investor and corporate scene. We are committed to working hand in glove with the Italian government to support the design of a new ecosystem and activate trades that profit both of our economies and give each startup the platform they need to succeed.”
Notes for Editors
For more information about this press release, contact:
Contact: Claire Jones, email@example.com, +44(0)7826528900
For more details on the features and benefits of the program, and list of the
participating startups, please see: https://www.startupbootcamp.org/accelerator/italiantech/
Founded in 2010, Startupbootcamp is a global network of innovation programs
with locations in many key strategic hubs around the world. It runs over 20
accelerators every year providing growth-stage startups with direct access to an
international network of the most relevant mentors, partners, and investors in
For more information visit: www.startupbootcamp.org