Nine Italian startups were presented at the end of October at the Italian Institute of Culture in Beijing during the Chinese edition of “Made in Italy 2.0.2.0”. This event is organized by iStarter with an aim to introduce Italian most innovative startups to international investors. After the previous edition in London this time the most promising Italian startups landed in China.
Made in Italy 2.0.2.0: the event
The nine finalists who reached Beijing together with the organizers were selected from more than 400 participants. The October edition of Made in Italy 2.0.2.0 has received even more applications than the previous event in London.
The 9 Italian startups conquering Cina
Here is the list of the finalists of the Beijing edition of Made in Italy 2.0.2.0:
Armadio – a direct-to-consumer platform for independent Italian brands
Brainer – an online platform dedicated to cognitive rehabilitation
Credimi – a startup company offering invoice financing for small and medium-sized enterprises
D-Orbit – a solution platform for satellite system platforms
Echolight – a platform dedicated to osteoporosis diagnostics
Fluentify – a business solution designed for learning English
Nuvap – an IoT solution for indoor pollution monitoring
Wearable Robotics KineteK– a company active in the industrial and medical fields
Yewno – a startup dedicated to artificial intelligence
Why the Italian startups attract foreign investors
Nicola Garelli, president of iStarter, described the environment in which the Italian startups are growing nowadays. “Venture capital investments are expected to grow in the European Union,”- states Nicola, “the Italian start-up ecosystem is moving at “a slower pace” but has a scope to speed up over the next five years.”
International corporations and private investors from all over the world, but in this case from China, consider investing in Italian startups mainly for these four reasons:
- The sound economic structure of the groups
- The strength of the brands
- The satisfactory results achieved in the field of research and education
- Cost-efficiency, because the cost of Italian start-ups is lower than elsewhere
According to Ettore Sequi, the Italian Ambassador in Beijing, Italy is a nation of creators and innovators. This feature perfectly responds to the new needs arising in China, which is aiming to become a “nation of innovators”.