Business · Companies · 9 hrs ago

Sicily funds 16 innovation hubs as startup numbers rise

Sicily funds 16 innovation hubs as startup numbers rise

Sicily’s startups and innovative small businesses rose from 725 to 794 in a year, an increase of 9.5%.

The regional government is using EU funds to build a network through Open Innovation Sicilia, which has allocated €7.18 million to 16 hubs.

About €4.33 million will go to businesses in the network, while €2.85 million will support the hubs, which offer acceleration and incubation programmes.

The aim is to connect research, investment and business growth, and help companies reach customers and hire workers.

Projects are testing support for sectors including wine, olive oil, dairy, sustainable chemistry, recycling and life sciences.

A €1.5 million mechatronics hub is due to open in Termini Imerese on November 10, offering access to equipment, expertise and training; an Innovation Week in Palermo and Catania is scheduled for November 17 to 20.

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Biagio SemiliaPresident of the Innovation Island Foundation
Our goal is to shorten the distances on the map of the innovation ecosystem that has already emerged over these three years.
via Il Sole 24 Ore