I-Tech

I-Tech Innovation 2021

CRIF and Fondazione Golinelli join forces to launch the I-Tech Innovation 2021 program to fund technological innovation in the Digital Health Tech, Fintech/Insurtech, and FoodTech/Agritech sectors

€ 1.6 million in total investments for three calls dedicated to innovative startups that will be managed by the G-Factor incubator-accelerator with the support of Digital Magics

The recent health emergency has exposed one of most important areas where Italy is lagging behind: the technological and IT upgrading of infrastructures, technological innovation in commodity and service production systems, and the teaching of the digital culture in schools, which is still not adequate to compete on an international stage. I-Tech Innovation 2021 aims to encourage the creation of a new kind of entrepreneurship with highly innovative and technological content in the immediate future, investing in Italy’s areas of excellence, and in the long term aims to help bridge the gap in Italy’s technological development.

Fondazione Golinelli, which with its incubator-accelerator known as G-Factor has become a point of reference in life sciences, and CRIF, specializing in the Fintech and Insurtech sector, are planning a series of future initiatives within the context of their partnership spanning several years in various sectors, such as: agritech, industry 4.0, open innovation, data science, artificial intelligence, internet of things, and virtual reality.

The three Calls for Innovation of the first I-Tech Innovation 2021 program will be managed by G-Factor, from promotion to selection, to the delivery of the acceleration program, with the technical support of Digital Magics, the leading startup incubator in Italy. The three separate Calls for Innovation are aimed at selecting 13 startups who will participate in a significant mentorship program and support program in the development of their 8-month business models, involving training days in Bologna, which will be alternated with remote mentoring meetings.

For each of the 13 successful startups, € 40,000 will also be allocated to services, with a total additional investment in training of € 520,000.

Applications must be received by December 3, 2020 and the list of selected projects will be announced on April 13th, 2021.

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Fintech/Insurtech Call for Innovation

The Fintech/Insurtech call covers several sectors, and will see an investment of € 400,000 by CRIF, € 80,000 for each of the selected startups, up to a maximum of 5.

Alternative evaluation of risk, for the development of alternative insurance and financial risk assessment systems using alternative data sources, algorithms or innovative methodologies.

New and improved customer experience in the post-COVID world, for new systems and processes for digital customer management, from alternative user interfaces to conversational systems, from automated methods of interaction between the customer and financial institution to fraud prevention developments and strong authentication in the digital context.

Robo Advisor, for the creation of automated intelligent systems for the analysis of insurance and financial needs, semantic analysis of the conditions in place, and gap analysis to provide the user with personalized advice.

Internet of Things for Insurance, to promote innovative processes based on the Internet of Things, enabling companies to prevent risks, manage immediate actions, and analyze data to determine causes and related insurance payouts.

Internet of Things for Banking: innovative ways in which device data can contribute to financial management processes.

Innovation in Claims Management, for the improvement and automation of claims management in all insurance segments (Motor, Non-Motor / Consumer, Industry).

Alternative Banking Services: services and solutions for the management of loans, finance and micro-credit outside the banking network and support to the financial world in the area of Green Finance and the Circular and Sharing Economy.

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FoodTech/Agritech Call for Innovation

The FoodTech/Agritech sector will be allocated € 240,000 by CRIF, € 80,000 for each of the selected projects, up to a maximum of 3, in the following areas:

farm management software, for agriculture management, organization, and optimization systems

satellites, drones, and automated devices: new data collection tools to improve efficiency in agriculture

marketplace and intelligence: from platforms for the purchase and sale of agricultural inputs to analysis of market trends, forecasts of future scenarios, and farm assessments

traceability, to develop technologies and software to trace the origins and methods of producing a food product.

and the Circular and Sharing Economy.

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Digital Health Tech Call for Innovation

For the Call dedicated to the Digital Health Tech sector, Fondazione Golinelli will allocate € 400,000, € 80,000 for each of the selected projects up to a maximum of 5. The line dedicated to life sciences will be divided into several areas:

bioinformatics and bioengineering, to finance bioinformatics tools to support preventive, personalized and precision medicine; artificial intelligence tools to improve the predictivity of health data, trends and patient needs; and software and algorithms to support clinical and non-clinical decision-making;

medtech - medical devices and diagnostics, for medical devices, diagnostics instruments and biomarkers that can offer a radical innovation in the diagnosis, treatment and monitoring of pathologies;

biotech, for innovative experimental drugs that can radically change the course of a disease.

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