Magic Spectrum, an initiative launched in December 2021 by Digital Magics, a certified incubator of innovative realities, aims to accelerate eight startups each year for an initial duration of three years, giving young innovative companies access to investments and a path that will help them enter the market with their products or services.
Magic Spectrum is addressed to startups working in the 5G and Internet of Things sectors and specifically to those that are developing innovations in the smart home, smart building, smart mobility, smart factory, retail, logistics, agrifood, health and wellness segments. There’ll be two phases, “Discovery” and “Validation”, each lasting about two months. Firstly, the startups will be screened to reach the shortlist of eight that will then access the final phase of project testing and preparation for the Investor Day , the day they will meet investors and companies. All projects selected will have access to investments of up to € 325,000, including initial investment and follow-on.
The operational bases will be Milan, where Digital Magics has its headquarters, and Turin, thanks to the support and space offered by I3P as local partner and center of competence for the 5G and IoT sectors. Both companies are in fact among the main technological partners of CTE NEXT, the House of Emerging Technologies in Turin, whose objectives include facilitating the implementation and development of innovative ideas in the verticals identified by the Magic Spectrum programme.
Magic Spectrum is part of the Rete Nazionale Acceleratori CDP, a national accelerator network that supports innovation in the highest growth potential areas. It is supported by CDP Venture Capital, a reality by Cassa Depositi e Prestiti which helps the growth of innovative ideas in Italy. CDP's contribution enabled the involvement of corporate partners such as Cisco, Compagnia di San Paolo, INWIT, IRIDEOS, Melita and Unipoltech , bringing the total endowment of the acceleration programme to € 4.55 million. A further contribution in terms of industrial and territorial expertise will come from technical partners including Cluster Smart Cities & Communities, Gruppo Iren and Solve.it.