Fondo Italiano di Investimento and Gruppo Azimut have just launched a new venture capital initiative in Italy.
Programma 101, whose name was choosen to remember Olivetti’s personal computer, aims to raise €50m.
Led by Andrea di Camillo, co-founder of Banzai and Vitaminic, the firm will focus on investing an amount ranging from €500k to €1,5m in digital companies which have difficulties to raise funding from existing venture capitalists.
Programma 101 will also partner with incubators to invest in and accelerate their best startups.
FinSMEs
24/06/2013