UniCredit Start Lab, the business platform for Italian global banking and financial services company UniCredit dedicated to innovative businesses, is set to partner with Israel’s leading entrepreneurs and innovators in an effort to discover best practices behind the Start-Up Nation.
A team of Tel Aviv’s leading innovators and entrepreneurs, led by entrepreneur Yossi Dan, CEO and co-founder at TrekFounders, a firm that guides entrepreneurs, will be tasked with training Italian tech startups on innovation and businesses practices he Israeli way, according to the announcement.
This partnership occurred for a number of reasons. Recently, a list featuring companies that are unicorns (valued at over $1 billion) from the last 12 months placed Israel as number one in Europe with 11 companies with almost double the amount of unicorns in the UK, which was in second place with six unicorns. Italy was not even on the list.
Also, Israel, a powerhouse of entrepreneurship and innovation hosting over 6,000 startups, has also earned “The Start-Up Nation” moniker by proving that its ecosystem is one of the most profitable and successful on the global stage.
Dan’s team will include some of the best of the country’s speakers who have been hand-picked to address the Italian audience. The team includes Cecile Blilious, head of impact and sustainability at Pitango Venture Capital; Inna Braverman, co-founder & CEO at Eco Wave Power; Nadav Kidron, CEO of Oramed Pharmaceuticals and board member at Israel Advanced Technology Industries (IATI); Noga Kap, managing partner, i3 Equity Partners; and Uri Weinheber, VC investor, investment committee member at IBI Tech Fund, and author.
The 20 Italian startups and scale-ups, chosen after a rigorous UniCredit Start Lab selection process, will take part in a 3-day virtual bootcamp from Monday, November 2 to Wednesday, November 4.
All of the Italian startups are stablished and managed by female entrepreneurs. Their businesses span the areas of life sciences, cleantech and digital.
During the bootcamp, teams will be addressed by speakers and by top mentors who will escort the 20 teams. They will also experience a full immersion into the Israeli innovation ecosystem which will comprise of talks exploring the Israeli mindset and IDF-inspired leadership in addition to sessions reviewing the going global and funding strategies and how to scale the Israeli way as well as a look into building strong global foundations.
The global pitch event that will take place at the end of the bootcamp will target investors and business partners from Israel and abroad. It will feature Francesco Giordano, co-CEO Commercial Banking Western Europe at UniCredit. The event will be live online for public viewing on Thursday, November 5 at 4 pm Israel time. Register for the global pitch event here.
“The UniCredit Bootcamp Tel Aviv initiative combines two topics which are of strategic importance for UniCredit. On one hand, equal opportunities, diversity and inclusion, which are key values for our Group, as we work towards them with specific activities to increase and support diversity at all levels. On the other hand innovation, which is among the most effective growth vectors both for the economy and companies as well as being a pillar of UniCredit’s actions, as shown by the success of our UniCredit Start Lab business platform, which is designed to stimulate innovative start-ups,” said Giordano.
“My mentors’ team and I are delighted by this Italian-Israeli partnership. We understand the Israeli startup ecosystem and will impart our deep-rooted knowledge to the 20 chosen Italian startups,” adds Dan. “Our initial aim was to fly the teams to Tel Aviv and run the bootcamp from Israel like we did for many years, but Covid-19 changed our initial plans. As a result, we’ve redesigned the bootcamp to fit the online format and anticipate this will be exceptionally successful.”
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