Prominently known for pizza and pasta, Italy is becoming a hotbed of new tech talent in Europe. It has all the ingredients you need including strong corporations, a solid economy, and a young educated population, to make it the next great place to start a company.
Back in 2012, Italy introduced the Italian Startup Act to provide a favourable environment for the establishment and the development of innovative companies. Furthermore, the government launched several new initiatives including Visa Scheme, Invitalia to make the country more attractive to entrepreneurs.
Since then, the innovative startups registered have peaked. From 2017 to 2018, the number of startups in Italy rose over 20 percent, from 7,866 to 9,647. A report from 2018 showed Italian startups employed more than 50,000 people and earned just under €1 billion in total revenue. According to Startup Italia reports, Italian startups raised €522 million, up from just €140 million in 2017.
Recently, Lumen Ventures, the Rome and London-based Venture Capital firm launched a €25 million maiden fund. They are looking for early-stage startups to meet their ‘criteria of excellence’, regarding business model and growth potential.
In this scenario, we take a look at the most promising startups from the historic country who need the spotlight for the good work they’re doing as sourced from Dealroom.
Isinnova helps you complete new innovative ideas
Founders: Alvise Mori, Cristian Fracassi
Headquarters: Brescia, Italy
Funding: NA
Issinnova provides complete consultancy service intending to complete new ideas right from feasibility study to the drawing up of the business plan, from the creation of prototypes to product communication. Furthermore, the Italian startup also offers specialised consulting services for the filing and granting of a patent to protect it from imitation or unauthorised exploitation.
Connect your vehicles with 2hire
Founders: Andrea Verdelocco, Elisabetta Mari, Filippo Agostino, Matteo Filippi
Headquarters: Roma, Italy
Funding: €6M
This startup offers mobility solutions by turning all kinds of vehicles into connected cars. With 2Hire plug and play devices, all vehicles’ actions are performed remotely by smartphone. Right now, the company works with car rentals, corporates with a fleet, and privates willing to start End-to-End Car Sharing services.
Japal – Italy’s first eCommerce as a service” (EaaS)
Founder: Jacopo Paoletti
Headquarters: Milan, Italy
Funding: €710.8K
Japal is the first Italian “e-commerce as a service” (EaaS) for selected brands that develop a brand policy. The platform sells various items including food, care, personal, and home items. For B2C, it is the marketplace for consumer products, whereas, for B2B, it is an e-commerce service outsourcing big brands where they can find special items, as well as buy traditional items without minimum quantities.
Neosurance offer the right insurance at the right time
Founders: Andrea Silvello, Dario Melpignano
Headquarters: Milan, Italy
Funding: €2.1M
This startup provides insurance companies and digital communities with customer insight and profiling platforms enabling the sale of instant micro policies through push notifications.
Will media is the space for the curious of the world
Founders: NA
Headquarters: Milano, Italy
Funding: €1.2M
Will Media is an online community that aims to raise awareness of everyday facts and inspire change for a more sustainable world.
Get a chance to test your health with VoiceMed
Founder: Arianna Arienzo
Headquarters: Italy
Funding: NA
VoiceMed allows anyone with a smartphone or computer to test their health simply by coughing or speaking towards your phone/pc and answering a few questions. The voice recognition software compares your voice against the voice of infected people and gives you the instant result – whether you are infected or not.
Main image credits: 2Hire
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