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Tech4Planet Has a New Partner: A2A announced to join Cdp’s Hub Dedicated to Sustainability

Launched in November last year with an investment of 55 million euros allocated by Cdp Venture Capital, Tech4Planet was born in collaboration with the Politecnico di Milano and sees the participation of the Polytechnics of Turin and Bari. For the Lombard group a new step in open innovation strategy

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Founded in November 2021, Tech4Planet, the second national technology transfer hub created by Cdp Venture Capital to promote market access and development of new companies born within research laboratories and dedicated to environmental sustainability.

The initiative sees the collaboration of the Politecnico di Milano and the involvement of two other major Italian universities, the Politecnico di Torino and the Politecnico di Bari. After being launched with a total investment of $56.2 million (€55 million) from Cassa Depositi e Prestiti’s National Fund for Innovation, A2A Group is also officially joining the project.

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Tech4Planet, for A2A an investment in line with open innovation strategy

The Lombard group has long been looking closely at the Italian startup ecosystem, implementing initiatives to support emerging realities. The reason why, the company explains, the investment in Tech4Planet represents a further step in the corporate venture capital program, a path born within the more open innovation strategy. A strategy that, A2A recalls, constitutes a synergistic model of experimentation projects, scouting of startups and SMEs, as well as corporate entrepreneurship activities, an approach according to which it is the employees who make an important contribution to the company’s innovation. Support for Tech4Planet is also in line with A2A’s 2030 business plan, in which sustainability and a commitment to support the ecological transition play a central role.

Given the importance of the topics covered by the companies supported by Tech4Planet, the ability to act in concert and concentrate as many resources and expertise as possible will be crucial. Indeed, the technology transfer hub aims to involve numerous industries and companies in the field of sustainability and innovation. The goal, thanks in part to the participation of relevant players such as A2A, is to raise awareness of the use of technology and the business opportunities that can result from research findings.

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What is Tech4Planet

The hub targets startups born in research labs and specializing in the fields of energy tech, circular economy, sustainable manufacturing, smart mobility, and water resource management. Tech4Planet’s backers include the Fondazione Politecnico di Milano, which, along with other companies and organizations, go to augment the $56.2 million (€55 million) investment allocated by Cdp Venture Capital.

Experts at the National Fund for Innovation estimate that the project will be able to generate a leverage effect of more than $133 million (€130 million) over four years, earmarked for the creation and development of more than 60 new companies, with a particular focus on southern Italian companies, and to foster the emergence of new venture capital funds specializing in the areas of environmental sustainability.

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(Featured image by geralt via Pixabay)

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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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Daphne Freeman has worked in the crowdfunding and impact investing industry for the past few years, gaining experience in marketing, and connecting businesses and entrepreneurs in need with the right investors. As a seasoned grant writer as well as financial market journalist, she is passionate about making a social impact in the world. A free spirit, Daphne also enjoys writing and exploring topics of interest, currently CBD, health and beauty, and social media influencers.