Friday, January 24, 2014

Borealis Tech Ventures: a new Venture Capital Fund for Italian Startups

Italian would-be entrepreneur are pleased to welcome Borealis Tech Ventures the new financial vehicle launched by Vittorio Bertazzoni (Smeg)Giampaolo Cagnin (Campus)Alessandro ChiesiFrancesco MuttiPietro Negra (Pinko) and Andrea Casalini, CEO of Buongiorno, formed along with the firm Studio AGFM Commercialisti Associati, to invest in start-ups and innovative companies together with the accelerator b-ventures of Buongiorno which wants to close a specific loop, as was able to explain the sole director Paolo Alinovi:"Borealis shareholders have decided to invest in startups chosen by the business accelerator Buongiorno and the presence of managers from different industries will allow to evaluate also proposals on which b-ventures it focuses, even outside the hi-tech sector. "

The first investment of the newborn Borealis Tech Ventures has been made among one of the five startups incubated by b-ventures, the project AeroDron, specializing in photographic surveys with the help of drones, injecting capital of €290,000 in collaboration with some angel including Emilio Attolini di Medel group and the co-founder of Buongiorno, Pietro De Nardis. The first part of the investment round in favor of AeroDron of €110,000, was supported by Capital B! controlled by Mauro Del Rio (president and founder of Buongiorno SpA). With the completion of the second tranche of the investment round, the overall investment amounts to €400,000.

With the occasion, b-ventures has signed an agreement with Studio AGFM and Studio Notarile Canali to provide startups, that take part to the acceleration program, with accounting, legal and corporate services destined to support and accompany the growth and development of innovative startups in their initial phase. A synergistic strategy that allows all-round business ideas take shape and bring the Italian companies to compete on international markets.

b-ventures is the startup accelerator of Buongiorno (wholly owned subsidiary of NTT DOCOMO), that was born in Parma in January 2013 with the aim of encouraging the growth of new technology companies. Startups participating in the program benefit from the experience of Buongiorno in innovation and internationalization, and have the opportunity to be supervised by a team of experienced mentors who will help them to present their idea at the best venture capitalists and business angels. The program of b-ventures is developed in 3 phases, incubation, acceleration and globalization. At the moment there are five startups that have entered into b-ventures: Caffeina (digital marketing), AeroDron (aerial photography via drones), Wisocial (marketing tool for wi-fi networks), Bestiacce (Pet Lovers) and P-Commerce (Weddings personalization platform).