The Italian Business & Investment Initiative ® –IB&II– was established in 2010 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 assembled a team of experts from the most influential American and Italian academics, media, politicians, corporate institutions — such as Innogest SGR and Mind The Bridge of San Francisco– each bringing a different competency to ensure these innovative companies reach the next phase in their evolution.
In addition, IB&II ® has partnered with organizations such as BAIA and SVIEC from Silicon Valley to provide additional capabilities and networking on the West coast. Last but not least IB&II cooperates with Aspen Italia and US Italy Council on broader topics related to the relationship between the United States and Italy. The General Consulate of Italy in San Francisco plays a strategic role for the positioning, standing and reputation of Italy in this respect within the Bay Area Community.
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 6 years, 63 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 SMEs and high-tech start ups to internationalize. Our series of biannual events in New York provides the U.S. venture capital and private equity investment communities with a platform through which be introduced to some of the most exciting small businesses in that sector, and to make investments into them.
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, civil society — and US investors and opinion maker.These investment opportunities not only spur growth in the US and Italian economies, but also clearly showcase the talent and innovative thinking that demonstrates Why Italy Matters to the World.