The first Italian Fintech District is born in Milan
Fintech District, the gateway to the Italian fin-tech ecosystem, bringing together startups, entrepreneurs, financial institutions, investors and universities, was recently established in Milan, aimed at fostering the development of the future financial industry and the growth of companies in this field.
Fintech District is a community founded and powered jointly by SellaLab, the innovation platform of Gruppo Banca Sella for startups and corporate companies, and by Copernico, the working space platform, aimed at supporting smart working. The Fintech District is located in Copernico Isola for S32, Via Filippo Sassetti 32, in the heart of the Milan financial District. It’s a hub in which the main Italian fin-tech players may work together to support new industrial and commercial partnerships, to attract new investments and to boost the development of the fin-tec industry, like it was the case for other international realities such as Level39 in London or Station F in Parigi.
Goals of the Fintech District
The Fintech District’s main goal is the creation of a network of stakeholders, part of the most innovative finance, aimed at boosting the growth of the Italian entrepreneurial fabric through open innovation, meetings, sharing of best practices, pooling of services and competences, the creation of new partnerships and the organization of financial training events.
Members of the Fintech District are encouraged to actively play a role in the community they are part of, by effectively supporting the development of knowledge and identifying the evolutionary lines of both the business and its regulatory framework. All this by attracting national and international capitals, spreading technologies in support of the new financial business models and fostering the growth of fin-tech professional talents by offering their services at attractive prices.
The three pillars
Activities of the Fintech District are based on three pillars:
- Know-how, the sharing of knowledge between participants in the community and specifically by strategic consultancy companies, business and law firms, marketing agencies, financial companies and institutions in order to help members of the community to create new startups, discover opportunities, protect the intellectual property, identify forms of funding, be aware of the various regulations and so on;
- Technology, ie: the provision of technological tools (eg software or platforms) for the ordinary management of activities or technologies enabling new business models;
- Capitals: involving incubators, accelerators, business angels and venture capital funds, even at international level, that may finance new ideas and members of the Fintech District.
Joining Fintech District, therefore, means getting tools and opportunities to encourage the creation of new cooperation or strategic partnerships as well as to establish relationships with international associations and partner financial institutions. Members also have access to industry conferences and events to identify the development lines of their projects and of the industry in general, take part to pitch days to identify potential investors or new customers, and still to access to technology solutions that can help to develop their own business model or business ideas.
In order to foster interaction among network participants, members of Fintech District also are dedicated various economic solutions and conditions to get a space in Palazzo S32, Via Sassetti 32 located in the Isola district, owned by Gruppo Banca Sella and managed in cooperation with Copernico.
Startups and Partners
To date more than thirty valued startups and fin-tech companies have joined Fintech District (www.fintechdistrict.com), together with important partners, that will offer their services and support for the development of the industry.