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.
DISCLAIMER: This article was written by a third party contributor and does not reflect the opinion of Born2Invest, its management, staff or its associates. Please review our disclaimer for more information.
This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. Additionally, please make sure to read these important disclosures.
First published in StartupItalia. A third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.
Although we made reasonable efforts to provide accurate translations, some parts may be incorrect. Born2Invest assumes no responsibility for errors, omissions or ambiguities in the translations provided on this website. Any person or entity relying on translated content does so at their own risk. Born2Invest is not responsible for losses caused by such reliance on the accuracy or reliability of translated information. If you wish to report an error or inaccuracy in the translation, we encourage you to contact us.
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