Startups that innovate are getting closer to international markets New Altitude is a Torino-based platform connecting startups, capitals, and industry. The Foundation of San Paolo Company, the Foundation for Development and Growth CRT, and the Intesa Sanpaolo Innovation Center use these resources to become shareholders in young technological enterprises and accompany them on the international market, with Neva Sgr, the venture capital company within the group Intesa Sanpaolo, as an investment partner. Applications are open all year round without deadlines.

Summary: New Altitude is investing between $2 million and $4 million for startups through either equity or near-equity, aiming to support up to 30 companies over the first three years; they can apply with early-stage or seed-stage startups from Italy or abroad that have validated products and market validation documents; the pitch deck should be sent to Pronto Ventures, the program manager, but the investment decisions are made by the New Altitude Ventures board of directors.

The expected pace is about ten startups annually, reaching up to 30 within the first three years. Twelve months of mentoring will be provided to selected founders via the OGRs (Office for Research and Innovation) in Turin, led by Martin Olczyk, the program manager.

The journey is divided into dedicated coaches throughout the year, workshops specifically designed for startups, and New Altitude clarifies that each investment is subordinate to two diligence, final approval of its own organs, available resources, and the signature of definitive agreements, which means that the application does not guarantee funding. The amount is indicative. In contrast to the incentives offered to innovative start-ups based on subsidized financing, public guarantees, and fiscal incentives, the investment involves giving up a share of the company to a new shareholder, with conditions negotiated case by case. New Altitude has chosen Pronto Ventures as the program manager, a venture platform headquartered at the OGRs of Turin led by Martin Olczyk, who chose this program.

The journey is designed with dedicated coaches throughout the year, specialized workshops, and continuous support to help startups reach maturity and growth. Italian innovative startups have reached a level of maturity that allows them to enter the global market thanks to the backing of major banks such as Intesa Sanpaolo, Compañía de Seguros y Reaseguro, and other founders of startups.