Rome, 9 November 2020 - CDP Venture Capital SGR launches the Boost Innovation Fund, aimed at investments for the establishment and development of new startups, which involve the participation of large Italian companies right from the start. The Fund has an initial amount of 50 million euro of assets under management fully subscribed by CDP Equity.
Lorenzo Franchini will be the Manager of the Boost Innovation Fund. With 14 years of experience as an entrepreneur, investor and advisor in the field of venture capital, Lorenzo was also founder of ScaleIT, a venture capital and open innovation platform that contributed to the networking between Italian scaleups and international venture capitalists. Last but not least, he is co-founder of IAG, the leading Italian business angels network.
“We are very proud to welcome to the Fondo Nazionale Innovazione team a professional of the calibre of Lorenzo Franchini as Manager of our new Fondo Boost Innovation”, comments Enrico Resmini, Chief Executive Officer and General Manager of CDP Venture Capital SGR. “Through his experience, the Fund will contribute to the establishment of new startups, supporting the skills and initiative of those who decide to innovate by entering the entrepreneurship world in such a delicate phase for society and the economy, providing a breeding ground for systemic growth in our country.”
“Having the opportunity to share the expertise gained during my professional career with the CDP Venture Capital SGR team is a source of great pride for me”, said Lorenzo Franchini, Manager of the Boost Innovation Fund at CDP Venture Capital SGR. “The Fondo Boost Innovation will be an acceleration driver for major innovative projects in the corporate field in our country and will allow to strengthen the synergy between large companies, investors, innovative SMEs and startups.”