Programma 101, is the new VC-fund co-launched by Fondo Italiano di Investimento and Azimut. The new investment vehicle, which among others carries the same name of the first calculator of the IT history produced by Olivetti, will specialize in investments in start-ups in the digital space and will have a financial endowment of €35 million. The main target is of €50 million. Fondo Italiano di Investimento will contribute to the fund with €10-15 million. This is the first of three VC funds, the other two being conceived for medical-biotech and mechatronics.
On initiative of Fondo Italiano di Investimento a new innovativ venture capital operator dedicated to investments in the digital space, called Programma 101 is born. The new project has found the full support of italian private investors, among which the Azimut Group -the biggest independent italian realty of asset management - will assume the principal role of investor along with Fondo Italiano di Investimento.