With the creation of Bocconi for Innovation (B4i), Bocconi is now an important hub of services and support for entrepreneurial activities and a catalyst for the entire business ecosystem. This new platform will have the triple role of pre-accelerator, business accelerator and a place for the development of corporate entrepreneurship, i.e. entrepreneurship within companies.
Bocconi for Innovation can already count on important partnerships with the Italian Institute of Technology (IIT), Politecnico di Milano, Università degli Studi di Milano, Citi Foundation and HenkelX.
B4i is thus the «center of aggregation of innovative entrepreneurial energies,» explains Bocconi Rector, Gianmario Verona. «It's a hub that promotes the right matching between managerial and business knowledge, specific to our vocation, with the technical skills that come from B4i partners. Thus, we want to help and support the entrepreneurial system so that it can compete ever more effectively at European and international levels.»
«The goal of Bocconi for Innovation is to create a hub in which entrepreneurship can develop, grow and compete with awareness in the market,» adds Markus Venzin. «We want to create a platform that provides services and support and whose work also contributes to stopping the drain of talent abroad.»
As a pre-accelerator, Bocconi for Innovation will welcome business ideas that are still in their infancy, supporting them until the so-called minimum viable product (MPV) phase.
As an accelerator, B4i will host up to 30 startups per year. To find the first 10 companies to be developed, the first Bocconi for Innovation Startup Call is already open, and will close on 6 January 2020.
To participate in the competition, startups must be made up of teams (of at least two people) in which at least one member of the Bocconi community is present (student, alumnus, faculty or staff member) or a student enrolled in Università degli Studi Milano or Politecnico or an IIT researcher.
Once the projects have been selected, based on the innovativeness of the entrepreneurial idea and the quality of the business model, the University will provide financial support of € 30,000 to each of them and admit them to a free four-month acceleration process: the goal is to allow entrepreneurs to compete on the market and connect with investors independent.
The accelerator is organized into three distinct specialization areas: digital-tech (entrepreneurial ideas with particularly promising innovation and technologies); Made in Italy (manufacturing, fashion, food and other sectors with high symbolic value); and sustainability.
Finally, Bocconi for Innovation will also focus on corporate entrepreneurship: through the Center for Corporate Entrepreneurship, it will help companies innovate and focus on business development by fostering the “contamination” of skills and opportunities between large companies and startups.
All Alumni with an entrepreneurial idea can participate and submit it to the first startup call: here you can read the information, details and rules and here is the application form.
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