New Round for 3rd Edition Dedicated to High-Impact Startups in Italy

Social Venture Giordano Dell’Amore Foundation, Cariplo Factory, and Fondazione Cariplo have opened the second round of applications for high-impact startups to the third edition of “Get it! – Value Path.”

Launched in 2018 with the aim of supporting entrepreneurial initiatives with high social, environmental, or cultural impact, during the first two editions the project has fielded €4.5 million with 16 Calls for Impact, funding 108 empowerment pathways and investing more than €1 million in 20 impact startups.

Marco Gerevini, Board Member of Fondazione Social Venture Giordano Dell’Amore, said, “Get it! continues to be an emblematic program and a key piece in the integrated approach to social innovation promoted by Fondazione Social Venture Giordano Dell’Amore, in collaboration with Cariplo Factory and Fondazione Cariplo. The traditional call for impact allows us to accompany startups along a path of growth within the ecosystem of incubators, accelerators, mentors, investors, companies, and institutions.”

Read more about the opportunity for high-impact startups in Italy to receive financing and read the most important financial news of the day with the Born2Invest mobile app.

The second round of applications for high-impact startups will remain open until March 31st, 2024

Six of the best ideas or high-impact startups that apply to the program will be eligible for a six-month incubation/acceleration and mentorship across the country. A lump-sum reimbursement (€3,500) will be available to the winners for participation expenses incurred by the startups.

The companies will then participate in an annual Investor Day that will allow the top 2 selected high-impact startups by Get it! to receive an investment of €80,000 and €50,000 from FSVGDA. Part of the investment could be realized through the Impact Grant mechanism, which allows the company receiving an investment, in case of achieving agreed social impact goals, to turn a part of it into a grant. Additional rewards will, in addition, be awarded by FSVGDA – such as a potential Seed investment – and third-party partners.

High-impact startups selected at Get it! will then be able to gravitate to a network of investors, business angels, and professionals. Finally, FSVGDA also has other active programs: they are “Impact4Art,” an investment fund for companies active in the arts and culture sector, and “Impact4Coop,” an investment fund for social co-operatives.

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(Featured image by Clark Tibbs via Unsplash)

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First published in StartupItalia. A third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.

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