Lending Crowdfunding Campaign for the YCon@ Project

Energy Social Company Infinityhub S.p.A. Benefit, as a contractor, has just launched a lending crowdfunding campaign on the Ener2Crowd portal, for the YCon@ project.

This is the energy redevelopment of the Fabbrica dei Mattoni Rossi and Officine ICO Olivetti in Ivrea, a UNESCO World Heritage Site since 2018, a project born from the joint venture between Icona Srl, owner of the structure, and InfinityHub itself.

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The lending crowdfunding campaign

The lending crowdfunding campaign, whose minimum goal is €300,000 and the maximum goal is €500,000, will end within a month and is aimed at raising part of the resources for the regeneration of the spaces within the third extension of the Officine ICO.

The aim is to transform an area of 30 thousand square meters potential into production and prototyping areas for present and future companies.

The first operational module will cover 1,300 square meters within this year and specifically will involve: the replacement of old facilities and the creation of new ones, a photovoltaic system with a power of 80Kw, and the installation of LED lighting points.

Once the ICO Workshops have been upgraded, Icona Ltd. will pay the NewCo Ycona Srl Benefit, a company created specifically for the project, an “operating rental.”

InfinityHub’s model: Crowdfunding for energy redevelopment

“The one of Infinityhub and Icona S.r.l. is a dream that smacks of the future and brings back to the center of the enterprise the whole community, in its many activities, from working life to social life,” said Massimiliano Braghin, Ceo and founder of Infinityhub. “A dream born from meeting enlightened people, such as Andrea Ardissone and Alberto Zambolin who, with their team composed of 18 other entrepreneurs from Ivrea, have picked up Adriano Olivetti’s baton by establishing, in March 2018, the company ICONA S.r.l., to pass on the Olivetti legacy and make the places, first of Camillo and then of Adriano Olivetti, an international reference center for businesses that adhere to the paradigms of economic-social sustainability.”

For Infinityhub, YCona@ represents the sixteenth crowdfunding campaign and the third initiative in the construction field, following Wey Dolce, born from the synergy with the Dolce social cooperative to redevelop, in Emilia Romagna and Lombardy, social health facilities and RSAs for the elderly, and which has led to a total collection of more than €1.25 million, in the two crowdfunding campaigns on Backtowork (in 2020) and CrowdFundMe (2022).

Infityhub S.p.A. Benefit was born in 2016 from the desire of 20 founders to engage in the green energy transition through a new participatory paradigm in which everyone benefits from the results.

The company implements and finances energy efficiency projects, through crowdfunding, sharing the benefits with society as a whole. It is one of the first Esco (Energy Social Company) in Italy.

The company has carried out important green projects, in the third sector, sports, retail, real estate, and the public with photovoltaics and the lighting of San Servolo Island (Venice).

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(Featured image by moerschy via Pixabay)

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