Growing through aggregations to be relevant: the new strategy for Italian SMEs
In the Fare Network insert of Il Sole 24 Ore , the CEO of Iniziativa Ivo Allegro offered a lucid reflection on the state of the Italian productive fabric and on the need for businesses to grow through M&A to innovate and strengthen in order to remain competitive, overcoming entrepreneurial dwarfism:
In our country, there are approximately 6 million businesses, but only 75 exceed €5 million in revenue. Some are significant companies with significant international presences. However, many businesses fail to keep pace with innovation, fail to succeed abroad, and suffer from foreign competition even in Italy. We need to grow, innovate, and focus on digital, and we need investment.
In IniziativaWe accompany companies on this strategic growth path: We originate, evaluate and manage mergers and acquisitions transactions, both sides sell side and buy sideWe act as M&A advisor and financial advisor, facilitating matchmaking, defining the structure and optimal terms of the deal, and coordinating all phases of the process with particular attention to financial aspects. Furthermore, we support the structuring of transactions corporate ventures, promoting the integration of technological startups and SMEs with high innovation potential into more established companies.
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Compliance is not a formality, but a competitive advantage
Recent judicial administration cases involving major fashion brands highlight how deficiencies in organizational models and control systems can expose even solid companies to significant reputational and operational risks.
In the article edited by Rosario De Maio, Partners of Iniziativa, Published on Economy Magazine, the role of corporate compliance as a lever of value and business protection.
In this compound, Iniziativa supports multinationals, large companies and SMEs through a division specialized in Compliance, coordinated by Melina Nappi, Partners of Iniziativa, which offers services in the field of Legislative Decree 231/01, adequate organizational and accounting structures, and ESG.
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Innovation Agreements 2025: a new season of R&D investments begins
With the company decree of 4 September 2025, il Ministry of Business and Made in Italy reactivates and strengthens one of the main national tools to support innovation, making available 731 million euros for industrial research and experimental development projects.
IniziativaOver 600 million euros of investments in R&D supported in recent years, represents a strategic partner for companies that want to transform innovative ideas into concrete results. Thanks to a consolidated network with universities, centers of excellence and financial institutions, It supports each project throughout its entire journey—from concept to implementation—maximizing funding opportunities and promoting cutting-edge innovation in line with the Industry 5.0 paradigm.
📄 Click the following link to discover all the details and opportunities offered by the program: https://www.iniziativa.cc/wp-content/uploads/2025/10/Accordi-per-Linnovazione_LinkedIn_Rev-3.pdf
(I.e. For more information: info@iniziativa.cc
Twin Transition: From "Transition 4.0 and 5.0" to a one-size-fits-all solution with Hyper Amortization
One of the main innovations in the 2026 budget law is the introduction of a new and enhanced tax measure for the dual digital and ecological transition, aimed at businesses with business income that invest in new capital goods.
The goal is to encourage innovation and self-consumption of energy from renewable sources.
The characteristics of the new incentive:
Eligible Investments: Tangible and intangible capital goods 4.0 (Annexes A and B of Law 232/2016) interconnected. Capital goods for self-generation of energy from renewable sources and storage for self-consumption, including specific photovoltaic modules.
Tax Cost Increase (Basic Rate): 180% for investments up to €2,5 million. 100% for investments over €2,5 million and up to €10 million. 50% for investments over €10 million and up to €20 million.
Super-Increase (Green/Energy Efficiency) for investments aimed at reducing energy consumption of the production structure (minimum 3%) or of processes (minimum 5%) the rates increase: to 220% for the bracket up to 2,5 million euros; to 140% for the bracket above 2,5 million and up to 10 million euros; to 90% for the bracket above 10 million and up to 20 million euros
Key Conditions:
Period: Investments made from January 1, 2026 to December 31, 2026 (or until June 30, 2027, with an accepted order and a 20% down payment by December 31, 2026).
Fulfillments: It will be necessary to send specific communications and certifications electronically via a GSE platform to access the benefit.
An opportunity to give a decisive boost to digital and green investments.
(I.e. For more information: info@iniziativa.cc
Single ZES 2026–2028: Continuity and certainty for those investing in Southern Italy
A concrete signal is coming for those who invest in the South: the 2026 Budget Bill provides for the extension of the Single ZES tax credit until 2028. An expected turning point, which marks the transition from a "time-based" measure to structural tool for the development of the South, no longer as an emergency or time-limited measure.
The resources expected:
With a total endowment of over €4 billion, the resources are distributed as follows:
- 2026: € 2,3 billion
- 2027: €1 billion
- 2028: € 750 million
Impact on businesses
This three-year extension offers continuity, predictability and planning: three key elements to give investors confidence and consolidate Southern Italy's growth path. Businesses will finally be able to plan on a multi-year basis, relying on a framework of clear rules and planning that allows them to move from individual projects to a true industrial growth strategy.
(I.e. For more information: info@iniziativa.cc
Heritage Smart Lab: a hub for innovation and cultural heritage enhancement
Heritage Smart Lab (HSL) represents a strategic initiative aimed at promoting digital transformation and sustainability in the sector Cultural heritage and Cultural and Creative Industries (CCI)Born from the collaboration between public and private entities, HSL intends to create the largest and most qualified European hub dedicated to innovation in heritage valorization processes, promoting the creation of a real cultural and creative district to support territorial development.
In this context, Iniziativa plays a leading role, making its experience available in the fields of subsidized finance, from the public-private partnership (PPP) and design of innovative financial instrumentsThrough consulting, mentoring and advisory services, Iniziativa supports Public Administrations, SMEs and start-ups in strengthening their business models and accessing investment and financing opportunities.
Swedish Hälso- och sjukvårdslagen It therefore presents itself as a laboratory of innovation and collaboration, capable of combining culture, technology, and territorial impact to generate sustainable and inclusive value.
Heritage Smart Lab | The gateway to cultural innovation and strategic financing
Heritage Smart Lab | The future of culture is collaborative: the PSPP as a shared management model
Heritage Smart Lab | From potential to sustainability: strategies and tools for the growth of cultural and creative SMEs.
Heritage Smart Lab | Pre-Commercial Procurement (PCP): When Public Administration Drives Innovation
Heritage Smart Lab | Innovation and cultural heritage: new opportunities for public administrations
