The Italian Business & Investment Initiative ® –IB&II– was established in 2011 by Fernando Napolitano, a 20 year veteran of Booz Allen Hamilton, to shine a light on the vibrant Italian economy just beneath the surface of a challenging financial climate – led by Italy’s five million Small and Medium-sized Enterprises (SMEs) and innovative start-ups. These companies, known for their niche specialization and the quality and reliability of their products, employ 90% of the Italian workforce and constitute the backbone of Italy’s export-led economy, contributing 80% of the country’s GDP. IB&II has fielded coherent annual programs to fulfill this mission.
In Italy there are 5 millions SMEs and innovative start-ups contributing for the 80% of the country’s GDP
Under the leadership of Fernando Napolitano, the Italian Business & Investment Initiative ® has partnered with EY in Italy to scale up the three programs: BEST Schoalrship, One Week Accelerator Program in New York, the yearly summit Italy Meets the United States fo America in New York. On November 18 2016, the Italian chapter of the summit took Place in Florence.
In addition, IB&II ® is actively cooperating with all US-Italy bilateral missions: American Chamber of Commerce in Italy, American Stusy Center in Rome, Aspen Institute Italy and the US Italy Council. IB&II ® is particularly proud of cooperating with Bocconi University in Milan. The General Consulates of Italy in San Francisco and New York play a strategic role for the positioning, standing and reputation of Italy in this respect.
63 Italians involved in the BEST program and 37 high tech start-ups created in 6 years
BEST, is a unique program — cooperation between the US Embassy in Italy, Fulbright Commission and Invitalia — whose objective is to create high-tech entrepreneurs in Italy. We target Italian high tech PhDs who have an innovative business idea deriving from their scientific research. Over the last 8 years, 77 Italians went through this scholarship and 37 high tech start ups have been created in Italy.
IB&II ®, A PATH FOR SMEs AND START-UPS TO INTERNATIONALIZE
Based in New York, the Italian Business & Investment Initiative has a created a web of relationships with the local business community to facilitate high-tech start ups to internationalize. Our series of biannual events in New York provides the U.S. venture capital community with a platform through which be introduced to some of the most exciting Italy orogonated start-ups.
IB&II ® launched “Italy Meets the Unites States of America” summit in 2013 to enhance the dialogue between Italian leadership and US opinion leaders
IB&II ® has also launched in New York on Feb 11 2013 the summit “Italy Meets the United States of America” whose objective is to facilitate a direct dialogue between Italian leadership –government, corporations, medium enterprises — and US investors and opinion maker. It is a unique opportunity to network and meet potential investors. On November 18 2016 In Florence in cooperation with EY there will be the first summit in Italy where, among other topics, we will discuss how to enter the US market.