Nice SpA, a company specialized in home automation and lighting systems under FontanaArte brand, and venture incubator Digital Magics (AIM Italia DM), have teamed up to discover opportunities and make investments in startups operating in the Internet of Things area.
Nice and Digital Magics, which signed a three-year collaboration agreement, have jointly developed an Open Innovation Advisory program to discover startups, research projects, patents, digital technology and innovation – in the Home Automation area with a specific focus on some Smart Home & Building segments (remote control, heating, lighting and anti-intrusion systems).
The venture incubator will submit Nice SpA technology startups and organize specific events at its headquarters in Oderzo (Treviso). The two companies then will jointly decide whether to co-invest in proposed business ideas .
Nice will also enter the Digital Magics Angel Network made up by over 100 private investors, institutional funds and industrial partners including Atlante Seed (Gruppo Intesa Sanpaolo), Banca Sella, Tamburi Investment Partners, Gruppo RCS, Gate14 Group, Gruppo Uvet and UniCredit, and will collaborate with the incubator in the selection, mentorship and co-investment of ideas proposed and startups currently being developed and already deployed by Digital Magics.
On its part, Nice will provide its skills and competencies and will submit new projects.