Digital Magics, the Milan, Italy-based certified venture incubator listed on AIM Italia (ticker: DM), and Gate14 Group, signed an industrial partnership agreement.
Led by Mauro Cervini, Founder and CEO, Rome-based Gate14 Group is a company that operates in business consulting, equity investments, internationalization and integrated communication.
The two entities will develop new digital initiatives and support more mature startups with co-investments and professional services for the growth of newly established companies. Gate14 Group will evaluate the companies selected and incubated by Digital Magics, participate in funding rounds, grow startups, provide professional competencies and its system of relations.
Recently entered in the shareholding structure of Digital Magics, Gate14 Group directly makes equity investments in high-potential value initiatives in core business sectors such as Made in Italy, tourism and wellness, food and the web. It has an office in China and international desks all over the world (soon to open in South America).
The firm also operates a web magazine called Gatenews24, which will feature small and medium-sized enterprises, experts and leaders of Italy’s niche Made in Italy products, tourism, wellness, catering, digital sectors with special focus on internationalization.
Digital Magics and Gate14 will also collaborate for the technology and strategy development of the magazine.