Inauguration of the Academic Year

Bocconi Rector Billari: universities are places of pluralism, they are at the centre of the future

For President Sironi, the inestimable value of independence must be protected. Central role of research. For 2025-26 a new record: 25% increase in international students

by School Editorial

Università Bocconi. (Imagoeconomica)

7' min read

7' min read

In the heart of the Bocconi campus, the Academic Year 2025-2026 opened with speeches by President Andrea Sironi, Rector Francesco Billari, and the President of the European Investment Bank and former Vice-President of the Spanish Government Nadia Calviño, guest of honour at the ceremony. In a lecture hall crowded with students, lecturers, alumni and national and international guests, the inauguration turned into a moment of collective reflection: on what it means to be a university today, on what the role of academic institutions should be in a time marked by instability, constant crises and difficult choices.
"Weakening academic freedom and limiting the independence of universities means compromising their essential missions: research, teaching and the ability to contribute to the progress of society," Sironi stressed. "Even without going as far as drastic measures, such as cutting funding, what effect does it have on academic research if researchers self-censor to avoid controversial topics? How can students be taught critical thinking if the university is not the home of pluralism and confrontation in the greatest diversity of ideas and opinions?"
With an evocative image - an hourglass that runs silently, without alarm, but full of consequences - Billari opened his presentation with a direct message: "We live in a condition of permaemergence, in which strategic choices are postponed and planning risks giving way to the anxiety of the present. But postponing - today more than ever - is already a choice, often a wrong one. "i

The university as an infrastructure of democracy

In his speech, Billari referred to a phenomenon that is now also affecting mature democracies: the weakening of trust in universities. From the censorship of academic and research programmes in the United States to ideological pressure in Eastern Europe, the attack on freedom of thought is no longer an exception. "When you hit the university, you hit democracy," he said. "Because it is in universities that free thought is formed, pluralism is defended, argued dissent is experienced. And democracy needs all this, today more than ever'. Bocconi, he emphasised, rejects the role of 'ivory tower' and proposes itself as a public actor: a place where knowledge meets responsibility and freedom translates into concrete impact.

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A community that chooses to be there

The title of the event - Time to Make Choices. Think Responsibly, Act with Vision - is a declaration of intent: choosing to be there today means being actively engaged in building a fairer, more open and more aware future. "We choose every day how to use our time: for research, for inclusion, to form aware citizens. Every choice well made is an act of faith in the future," said the rector.
A strong signal also comes from the numbers: applications to the three-year degree courses for 2025-2026 set a new record, with a 25% increase in international students. More than 64% of the applications come from abroad: France and Turkey remain the top two countries, but for the first time the United States takes third place. Internationalisation is also visible in the teaching staff and classes, with 120 nationalities represented.

Search that matters, research that impacts

At the heart of the University's strategic vision, which is renewed in the Strategic Plan 2026-2030 that is currently being finalised, is the choice to put research at the centre. Not as a self-referential exercise, but as a tool for reading the world, orienting policies, strengthening citizenship. "Science does not advance by chasing fads, but by choosing unexplored paths," said Billari, citing a Bocconi study published in Econometrica. Bocconi can now count on 72 projects financed by the European Research Council since the programme's inception: 36 are currently active, with 7 won in the last year alone, in fields ranging from artificial intelligence to pure mathematics, from the labour market to sustainable development.But betting on research, the rector emphasised, also means investing in the training of future researchers. It is in this perspective that the strengthening of the Doctoral School and the launching, from the 2026-27 academic year, of a new PhD in Mathematics and Applications is to be seen. Designed to attract talents from all over the world, the programme will have a strong interdisciplinary and theoretical focus, and will consolidate Bocconi's presence in the field of STEM disciplines. It will complement the five existing programs, expanding opportunities for excellent doctoral training capable of generating lasting impact in science and society.

 

AI, health, entrepreneurship: knowledge as a lever for change

Artificial intelligence is one of the most important challenges for the freedom of our digital societies. Bocconi tackles it with an interdisciplinary approach and responsibility, through the AI Lab led by Riccardo Zecchina, which combines theoretical research and practical applications in educational, managerial and social contexts. In collaboration with OpenAI, the University was the first in Italy - and among the first in Europe - to offer equal access to the most advanced AI tools to the entire community. Early joint projects include the use of intelligent agents to test economic and social theories, the measurement of abstract concepts in text and video, and the creation of personalised educational assistants.
An example of multidisciplinary research is HEAL - Health Emergencies Analytics Lab, an evolution of the Covid Crisis Lab, which addresses global issues of public health, prevention and resilience. Coordinated by Alessia Melegaro, the lab involves all Bocconi departments and is funded by the Invernizzi Foundation.
Another frontier is entrepreneurship. With the Tech Europe Foundation (TEF), created in partnership with the Fondazione Politecnico di Milano and other institutional players, Bocconi is launching TEF Ignition, a programme that brings students closer to the world of startups and innovation. And from 2026-27 the new MSc Innovation, Technology and Entrepreneurship will start, with a renewed and even more impact-oriented curriculum.

 

An active role in the Olympics

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In 2026, Milan will host the Olympic and Paralympic Games. Bocconi will be an active part of the event, thanks to an agreement with the Fondazione Milano Cortina 2026. Students are already applying as volunteers (over 1,400 have signed up), while scientific research will make a concrete contribution through a study led by Dino Ruta to analyse the impact and legacy of the Games according to IOC and OECD guidelines. At the same time, the "Research in Motion" initiative will bring physical activity and scientific dissemination to the campus in a single interactive pathway, supported by the Lombardy Region in the framework of the Culture Games.

 

Trust in generations, without rhetoric

A central passage in Billari's speech concerned the pact between generations, which today is in crisis due to mistrust, inequalities and precariousness. Italy,' Billari recalled, 'is one of the countries where people work less despite living longer, leave home later, and the new generations struggle to build a future. And yet, never before have different generations coexisted and had to work together. This is why the university must become a space for dialogue and co-construction, not only between students and lecturers, but between knowledge, experiences, languages. "Every lecture is an act of trust. But it is also a choice: that of not renouncing complexity," said Billari. At Bocconi, this means teaching that integrates classrooms and real projects, theory and experimentation, research and social impact. With over 14,000 professionals trained each year by SDA Bocconi and 2,600 students involved in international programmes, the University builds bridges between knowledge and action every day.

 

An expanding community: alumni, donors, companies

With over 146,000 alumni worldwide and more than 3,000 active donors in 2024 alone, Bocconi is today a global crossroads of ideas, energies and skills. It is a living community, which grows and transforms, but which remains united by a shared idea: to give back value, to generate the future, to invest in knowledge as a common good. Among the most heartfelt moments of the ceremony were the remembrance of Bocconi historian Achille Marzio Romani, who recently passed away, and the presentation of the Bocconi Alumni Community 2025 awards, which celebrate the impact of those who, through their work, contribute to improving society:
- Elena Goitini, CEO of BNL and Country Head for Italy of the BNP Paribas Group, was awarded as Alumna of the Year
- Alisée de Tonnac, Co-Founder and Co-CEO of Seedstars, as Emerging Leader
- Adama Sanneh, Co-Founder and CEO of the Moleskine Foundation, as Changemaker of the Year
Along with alumni involvement, the culture of giving continues to strengthen. In the four-year period 2021-2024 alone, nearly 70 million euros have been raised, a sign of growing confidence in the University's mission.
Donations are focused on four strategic directions - Inclusion, Social Sciences, Social Responsibility and Community - and 60% of the funds raised go directly to students, through need-based and merit-based scholarships. A commitment that every year allows 2,000 young people to attend Bocconi free of charge and 1 in 3 students to receive financial support, thus guaranteeing the formation of a generation that is aware and capable of making an impact.
But philanthropic support also fuels cutting-edge research and the most innovative initiatives. Thanks to their contribution, there are now 2 named research centres, 8 laboratories created thanks to philanthropic donations, and 24 named chairs, of which two new ones have just been announced this year.
The first is the Enel Foundation Chair in Competitiveness and Transition, which will be awarded to Francesco Decarolis, full professor in the Department of Economics, to study the delicate balance between energy transition and competitiveness, and the role of policies in building fair and resilient markets. The second is the Harvey Chaplin Chair in Distribution, Channel & Experience Management, supported by Campari, which will go to Sandro Castaldo, full professor in the Department of Marketing, to develop frontier research on distribution channels and the customer experience in a transforming economy.
"This university is not just a place of learning: it is a collective project, built every day by those who choose to be here," concluded Billari. "And in that grain of time entrusted to us, each of us has the opportunity - and the responsibility - to make a difference."

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