Record for banks, Multiply plans, the rating club: the economy on newsstands on Monday
The analysis of Ferruccio de Bortoli on the state of the Italian startups, Multiply (ex mutuionline) grows and suits Google
The startup system in Italy is struggling to take off. Are there any ineluctable reasons or could there be ways to reverse the trend? Ferruccio de Bortoli asks for this in the deepening of the economy on newsstands tomorrow with Corriere della Sera. In 2024 1.2 billion with an 11%growth were invested in Italy in Italy. Spain is 2 billion, France at 8, the United Kingdom at 17. There are also few Italian operators, very few. « The fertility rate (the comparison with the demographic trend is not arbitrary) – writes De Bortoli – is promising, but the new companies, once they arrive at adolescence, hardly remain Italian. They are swallowed with foreign funds that have a volume of fire that is difficult to compare with Italian and sometimes European investors ».
The limits of the market
Although we have many good ideas in the field, the restriction of the market causes the winning ones to be acquired in the USA at some point. Cdp Venture Capital plays a primary role which has already financed about a thousand startups, with a deliberate of 2.1 billion. 14 thousand new jobs were created. We will not be able to truly change things without attracting strong private capital. And the ideal vehicle is that of the fund of funds that allows you to compensate and tame the risks, guarantee more investors and share the professionalism especially managerials.
While bank risiko stretches and is enriched with twists and turns, the credit quarters still reveal record numbers between January and March: 6.7 billion in profit for the five main Italian banks. But change the recipe: less interests, more commissions. And Unicredit exceeds understood on the stock exchange.
The section dedicated to companies starting with the cover history dedicated to Federico Leproux, CEO of Teamsystem, which tells the growth of the company (a billion turnover) that invests in research and development, always looks at acquisitions and puts artificial intelligence among the tools to conquer new market slices, is very rich.
The king of comparators
Multiply (former Mutuionline) came to touch the two billion value in Piazza Affari after the acquisition of the German Verivax. Meanwhile, the group sued Google. « The comparison business is good for both companies and consumers, » says Santarelli, CEO of the subsidiary Mavriq.
Like every last Monday of the month, « innovation » returns, 16 pages on digital, artificial intelligence and science. In this number the research as the engine of the country is the protagonist. The rector of Bicocca and President of Crui, Giovanna Iannantuoni, speak of it, but also the president of the Bruno Kessler Foundation, Ferruccio Resta, and the father of the microprocessor Federico Faggin.
Finally, in the patrimony section, focus on BTP Italia, who is it to?
Tomorrow the announcement of the guaranteed minimum rate of the issue hooked to inflation. If it is around 2% it can be considered generous. How to evaluate the public offer.