A 300 million fund for artificial intelligence in Italy
The idea of Quadrivio Group, which has Microsoft as its technology partner. Objective: Made in Italy is also Made in AI
A European fund dedicated to AI. This is the project of the Quadrivio Group, which, in partnership with Microsoft, is launching a 300 million euro fund (destined to rise to 400 million) with the aim of consolidating the Italian IT supply chain and accompanying small and medium-sized enterprises in the leap towards adopting artificial intelligence.
The idea probably stems from a concern: Italy, which has always been home to excellence in sectors such as fashion, design, agribusiness and precision mechanics, risks falling behind if it is unable to integrate artificial intelligence into its processes. And Quadrivio wants to bridge this gap by transforming the concept of Made in Italy into a new paradigm: Made in AI.
According to the official note, the new fund, named AI Private Equity Fund, aims to strengthen and aggregate companies in the IT sector, which are today fragmented into a myriad of local operators with limited resources and little ability to achieve critical mass. The idea is to build more solid poles, able to offer SMEs scalable, secure and sustainable solutions, and to position Italy as a leading player in the European artificial intelligence market.
'After quality and creativity, the new frontier of Made in Italy is played out on artificial intelligence,' says Roberto Crapelli, managing partner of Quadrivio Group. "We want to move from Made in Italy to Made in AI."
The aim is to support mergers and acquisitions between IT operators, creating national champions of applied artificial intelligence, capable of accompanying Italian companies in this new technological revolution. "The system integrator of the future will not only be a technology expert, but will have to understand the company's business in depth and measure the return on investment of AI initiatives," observes Christian Parmigiani of Quadrivio's Value Creation Team.
