Google Cloud and CDP Venture Capital, one of Italy's most prominent venture capital investors and part of the Cassa Depositi e Prestiti Group, today announced the signing of a Memorandum of Understanding (MoU).

Through this initiative Google Cloud and CDP Venture Capital will provide a powerful combination of resources: access to world-class technology, including Google Cloud credits that are part of the Google Cloud for Startup program, and invaluable mentorship from Google’s global network of AI and technical experts.

“The partnership with Google Cloud marks a strategic step to accelerate the growth of our portfolio companies. By combining capital, know-how, and cutting-edge technology, we aim to create the best conditions for Italian innovation to scale globally”, stated Alessandro Scortecci, Chief Direct Investments, CDP Venture Capital.

"Our collaboration with CDP Venture Capital offers Italy's most promising startups comprehensive support. This goes beyond just providing advanced cloud and AI technology; we are committed to offering in-depth guidance and dedicated local assistance to help these entrepreneurs accelerate their growth, become key players in the digital ecosystem, and drive the next wave of innovation from Italy to the global stage", stated Raffaele Gigantino Country Manager Italy, Google Cloud.

By uniting Google Cloud’s advanced technology and global network with CDP Venture Capital’s strategic investment focus, the collaboration will build a robust ecosystem to foster the next generation of Italian entrepreneurs and support the nation's digital transformation.