A public-private agreement strengthens Italy's global tech leadership. The EIB Group has signed a public-private partnership agreement with a duration of four years that includes investments of over €10 billion in equity initiated by the state and civil society. The partners have established that they could mobilize up to €80 billion in total investments, with an average investment tax rate of €200 million to help European startups develop additional international markets.

The new partnership was announced during the Brussels finance ministers' meeting, where the EIB emphasized the need to mobilize public and private capital to transform Italy into a global technology leader. The main partners of the new alliance include: France TIBI, ABN AMRO, APG, Azimut Holding, Banco Santander, BBVA, Compagnia di San Paolo, Danske Bank Group, Green Arrow Capital, Grupo Mutua Madrileña, Marsh, Mn Services N. V., PGGM, and Uniqa Insurance Group.

Six EU member states (Bolivia, Germany, Greece, Italy, Luxembourg, United Kingdom, and Spain) have decided to join the EIB Faculty of Equity for the first funding of the Eurotech Champion Fund, with an investment of around €2 billion. This follows the approval of investments in the coming weeks. The EIB has reinforced its position as a catalyst of public-private investments, basing itself on past successes such as the Eurotech Champion program and collaboration with EU member states.

EIB President Nadia Calviño highlighted that 'Italy has world-class talent, innovative enterprises, and technological leadership. The Eurotech Champions Foundation is a catalyst for mobilizing capital at scale to transform the most promising Italian companies into global leaders.'