A2A, an Italian multi-service company listed on the Italian Stock Exchange in Milan, recently signed a memorandum of understanding with Southern Israel Bridging Fund (SIBF), an Israeli venture capital fund. The aim is to assess mutual opportunities for investment in both Italian and Israeli start-ups, especially in the ecological transition sector.
Based in Kfer Saba, SIBF focuses on “frontier technologies” and investment in start-ups and technology companies in Israel and abroad (notably Australia, Switzerland and the United States). It has invested 450 million dollars to date and includes 50 start-ups in its portfolio. SIBF aims to support the growth of those companies by using its extensive network of Israeli and international partners and constantly monitoring acceleration processes.
The agreement with A2A will help create a stronger link between Israel’s innovation ecosystem and the innovation activities of the Italian group, which the fund views as one of Italy’s leading companies in the sphere of energy transition and the circular economy.
