Turin: pole of attraction for international startups and new business models

May 12, 2021
The importance of internal links within the local ecosystem and of the communication between the banking system, startups, companies, universities and institutions is central.

Maurizio Montagnese is Head of Intesa Sanpaolo Innovation Center, the banking group's innovation hub that keeps in touch with the technological excellence of companies in the Turin area. Montagnese is specifically responsible for coordinating processes and operational plans related to innovation in Intesa Sanpaolo. In a recent interview with the newspaper La Stampa , he stated that Turin's innovation ecosystem can continue to grow only by committing to reconverting production processes, inventing new business models and strengthening collaboration with technology startups..

The mission of Intesa Sanpaolo Innovation Center is "to explore and learn the new business models of the future in order to create the assets and skills necessary to support the long-term competitiveness of the Group and its customers and to act as an engine and stimulus for the new economy in Italy".

Intesa Sanpaolo, with its Innovation Center, wants to be strategically placed in an advantageous position , maintaining itself as a protagonist, as far as innovation on the territory is concerned, regarding the granting and supply of financial products to support innovation and the facilitation of relations between startups, companies, universities and institutions. 

Regarding the status quo of the entrepreneurial ecosystem of the territory and the investments in technology that support it, Montagnese said: "There is no shortage of reasons for optimism: I'm thinking of our vehicle active in venture capital, Neva SGR, the growth of crowdfunding, the tax benefits for investments in venture capital and the tax credit of up to 50% for expenses in Research and Development. Our SMEs are growing more than the European average. We need to bring out even more excellent local companies, giving them a fundamental role in the creation of innovative ecosystems".

The culture of innovation, according to Montagnese, must focus on the involvement of more and more international players that collaborate with national, regional and local realities from which to learn good practices to improve and grow more and more. In conclusion, the head of Intesa Sanpaolo Innovation Center added: "Turin and Piedmont have become an attractive hub for international startups and therefore interesting for potential investors. All this is also thanks to the strong commitment of the city of Turin, to projects such as Torino City Lab, with an open-air test area for experimentation, and to partnerships such as the one focused on smart mobility between Techstars Smart Mobility, the third start-up accelerator in the world that has chosen Turin as its Italian headquarters, Intesa Sanpaolo Innovation Center, Compagnia di San Paolo and Fondazione CRT".

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Luca Coppolella
Head of Content

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