On June 8th, on the occasion of World Oceans Day, the crowdfunding equity portal Lita Italia and Capraia Smart Island – Sustainable Fish Chain (an event organized by Chimica Verde Bionet and Legacoop Agroalimentare – Fisheries Department) launched the Sustainable Finance Award for the Mediterranean. Its objective is to enhance all the companies in the Italian fish supply chain that promote projects with high social and environmental impact.
Find out more details about Lita’s involvement in sustainable projects and read the latest financial news, with our companion app Born2Invest.
The projects must be submitted until July 25th
The award is addressed to the Italian companies of the fish supply chain and consists of support service to the company in the implementation of an equity crowdfunding campaign on Lita’s portal, which consists of: a detailed review of the business plan, sharing the plan with professional investors, support in defining the conditions of capital raising and preparation for the launch of the equity crowdfunding campaign on the portal. These activities, worth $2,280 (€2,000), will be offered free of charge to the winner of the competition by Lita’s team.
In order to participate, the companies have to submit, by July 25th, 2020, a project for which they would like to obtain funding through an equity crowdfunding campaign on Lita’s web platform. The initiatives must focus on innovation in one of the different segments of the fish supply chain and must best combine the three dimensions of sustainability: economic, environmental, and social.
The organizers of the award guarantee the evaluation of all the projects submitted and the awarding of the prize even if the Capraia Smart Island – Sustainable Fish Chain event should be cancelled this year and postponed until next year.
The projects will be evaluated by a jury of experts composed of: Sara Guidelli, general manager of Legacoop Agroalimentare; Stefano Rossi, country manager of Lita Italia; Flaviano Zandonai, sociologist and open innovation manager of Gruppo Cooperativo Cgm; Sofia Mannelli, president of Chimica Verde Bionet; Francesca Scarpelli, responsible for the Capraia Smart Island Sustainable Fish Chain project; Matteo Monni, Italian Biomass Association (Itabia).
What is Lita Italia
Lita Italia is the European platform specialized in crowdfunding for business projects with high social and environmental impact (impact investing). The platform, formerly known as 1001pact, has been active for many years in France, where it has helped to finance many projects with both the reward and equity formula and lending crowdfunding.
In Italy it set up a company, 1001PACT ITALY S.r.l., which in 2018 obtained the authorization of Consob as a crowdfunding equity portal. Consequently, in May 2019 launched its first crowdfunding campaign.
The peculiarity of Lita.co is its focus on projects that have a social impact. The founders Eva Sadoun and Julien Benyoun explained: “At the origin of LITA.co, there is the will to bring citizens closer to the world of finance. On the one hand, we realized that the relationship between traditional finance and citizens is still not very transparent. Citizens want to regain confidence in investments and give them meaning. On the other hand, innovative and social entrepreneurs are too often put aside by the traditional financial system which has difficulty evaluating its profitability, which can no longer be used as the only parameter for measuring performance. In LITA.co we have more than just a mission: we devote our deepest interest in actively and effectively participating in the reduction of social and environmental inequalities worldwide, to build a better, sustainable and inclusive future.”
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 Crowdfunding buzz, 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.
Many community colleges forge ahead with major expansions
COVID-19 has impacted community colleges. It is puzzling and sad to see that some community colleges have extremely dire financial...
Apart from the rise of the Ibex35, pharma stocks fell by 2.7% in the second quarter
All listed pharmaceutical companies have advanced on the stock market, but Grifols, whose shares have fallen by more than 12%,...
Why using ESG research in COVID-19 times is important
The Corona crisis presents companies with a variety of challenges. Investors who incorporate environmental, social and corporate governance (ESG) factors...
Bitcoin course rally by 4,500%? BTC signal as before the 2017 Bullrun is back
According to Glassnode, 61.33% of the BTC offer has not moved for 1 year or more, which is a new...
The coronavirus favored the fintech sector and the digitization of Italian banks
The coronavirus crisis has affected all economic sectors. However, the fintech sector managed to thrive, thanks to the confinement measures...
Business7 days ago
How to create a video marketing strategy that gets results
Crypto7 days ago
ECTM Group launches blockchain certified sanctioning
Crowdfunding6 days ago
Two innovative SMEs raised more than €500,000 each with equity crowdfunding in June
Business6 days ago
In the year 2025 if fiat currency can survive