Impact Investing: Why It Can Transform the Cultural and Creative Sector

THEImpact Investing It could represent a turning point for the cultural and creative sector.
An approach capable of mobilizing patient capital for businesses that generate economic value and social impact.

But to access these investments, a good idea is not enough: you need solid business models e investment-ready projects.

Scroll through the carousel and find out how Iniziativa, Partner of Heritage Smart Lab, supports cultural and creative SMEs and start-ups with subsidized services co-financed by the European Commission and MIMIT.

Latest Articles

Iniziativa and the future of public companies: measuring impact to generate public value

April 16, 2026

Digital Europe: New calls for proposals for advanced digital skills and better use of technologies have been published.

April 13, 2026

FHP Group acquires majority stake in SOLACEM: Iniziativa among the advisors of the operation

April 3, 2026

Success Cases

Sustainability Report

Support in the preparation of the corporate sustainability report and definition of the ESG strategy and indicators for monitoring sustainable variables

Sector: Production of paper and cardboard
Turnover: €63.405.288
Date: 2022

Megarideas

Contract: Campania startUp 2020
Project cost: €289.377,00
Non-refundable contribution: €202.563,90
Date: July 2022

Santa Maria Terni Hospital

Technical assistance for the economic-financial and management evaluation relating to a project financing proposal pursuant to art. 183, paragraph 15, of Legislative Decree 50/2016 for the "Construction and management of the new Terni hospital"

Sector: Healthcare company PPP
Date: 2021

CA.MPANIA

MEASUREMENT CHARACTERIZATION OF POLYMERS: NON-INVASIVE ANALYSIS

Contract: Campania startUp 2020
Project cost: €78.862,00
Contribution: €67.032,70
Date: June 2023

Scientific research

Establishment of the Italian Observatory on Public Participations in partnership with the University of Naples Federico II, the University of Rome Tor Vergata and the University of Milan Bicocca with the aim of carrying out studies, research, data analysis, and the development and publication of reports.

Sector: Public-owned companies - performance analysis
Date: 2020

Model 231 from 2001

Support for the preparation of the company's Organization, Management and Control Model, drawn up pursuant to Legislative Decree 231 of 2001.

Sector: Wholesale trade of street sweeping machines
Turnover: €27.197.845
Date: 2023

Sustainability reports

Support in the preparation of the corporate sustainability report and definition of the ESG strategy and indicators for monitoring sustainable variables

Sector: Textile company
Turnover: €36.081.512
Date: 2023

Teramo Local Health Authority

Technical assistance in the evaluation of a proposal relating to the concession for the drafting of the definitive and executive design, and for the construction of the new hospital facility and the management of some non-healthcare services.

Date: 2022

ATER Umbria

Technical assistance in drafting the feasibility study for the formulation of a Notice for the submission of private PPP proposals relating to seismic improvement and energy efficiency interventions.

Date: 2021

Be.CULTOUR

Beyond CULtural TOURism: human-centred innovations for sustainable and circular cultural tourism

Program: Horizon
Project cost: €4.097.203,75
Contribution: €3.993.328,75
Date: February 2021

Municipality of Quarto

Technical assistance in assessing the economic, financial, and management aspects of a PPP project for energy efficiency improvements in public lighting.

Date: 2022

Immobiliare S. Angelo SpA

Expansion of production capacity through the structural modernization of 10 hotel and accommodation facilities in the medium-high and high segment, the optimization of existing spaces and the expansion of the offer.

Contract: Development Contract
Project cost: €21.530.135,11
Non-refundable contribution: €7.647.698,00
Concessionary Financing: €6.445.084,00
Date: March 2024

Integrated Services Consortium

Restoration and conservative renovation project aimed at repurposing the building known as the "Former Caretaker's House and Greenhouses" located within the Villa Floridiana park in Naples.

Date: 2024

EACP-EUROSME

aErospace inter-clUster smaRt specialization actiOns for SMEs competitiveness in the circular economy approach

Program: COSME
Project cost: €465.320,53
Contribution: €348.990,40
Date: October 2018

Corporate training

Planning of the training intervention and provision of training, in support of ANCI CAMPANIA, on the issues of Public Private Partnership to the Municipalities of the Campania Region for the simplification of relations with the Public Administrations and the increase in investment opportunities and valorisation of the municipal heritage

Sector: Association of Local Authorities - capacity building
Date: 2021

A. Abete srl

In the period 2021-2023, the company made an investment to expand its production capacity with the construction of a new warehouse equipped with machinery and production systems.

Contract: ZES Tax Credit - Article 5 of Legislative Decree No. 91 of June 20, 2017, converted, with amendments, by Law No. 123 of August 3, 2017
Project cost: €8.290.277,00
Contribution: €2.901.597,00

San Michele SRL Nursing Home

The company has acquired additional diagnostic equipment to expand the services offered.

Contract: ZES Credit - Article 16 of Legislative Decree 19.09.2023 n. 124
Project cost: €850.920,00
Contribution: €340.367,00

Management control and company organization

Design and implementation support for the organizational model and management control system for monitoring company performance and optimizing the organizational structure.

Sector: Polydiagnostic Center
Date: 2024

“NSS2023

Next Smart system in a marine environment

Contract: Innovation Agreement
Project cost: €6.431.394,25
Contribution to spending: €2.000.354,01
Date: September 2020

Management control

Design and support for the implementation of the management control system, the KPI dashboard for monitoring company performance and the optimization of organizational processes

Sector: Environmental analyses
Turnover: €4.090.257
Date: 2020

FAST TRACKS

Fast radio technologies for uninterrupted train to trackside communications

Program: Horizon - SME Instrument
Project cost: €2.370.625,00
Contribution: €1.659.437,50
Date: July 2017

Witapp

Development and implementation of an innovative system for managing pharmaceutical warehouses, departments, and operating rooms, and streamlining healthcare logistics to support the management of the drug and disposable medical device cycle for the Lecce Local Health Authority.

Date: 2025

MAGYCO

MEMS based appliance for gyro compassing in general aviation and unmanned aircraft applications equipment in the area of homeland security

Program: Horizon - SME Instrument
Project cost: €70.000
Contribution: €50.000
Date: 2016

General Company of Mineral Waters SpA (formerly Acqua Lete SpA)

Between 2019 and 2023, the company invested in the construction of a production line for bottling 1.5-liter mineral water.

Contract: Credito Mezzogiorno - Article 1, paragraphs 98 to 108, of Law No. 208 of 28 December 2015, and subsequent amendments
Project cost: €6.101.000,00
Contribution: €1.525.000,00

Sidereus Space Dynamics

Primo Venture and CDP Venture Capital enter the capital of Sidereus Space Dynamics with a seed round of 1,5 million. Iniziativa as financial Co-Advisor he accompanied the start-up in the operation.

Sector: Aerospace
Deal: 1.500.000,00
Date: 2021

Management control

Design and support for the implementation of the management control system, the design of a KPI dashboard for monitoring company performance and the optimization of organizational processes

Sector: Production of pastry products
Turnover: €3.947.216
Date: 2019

Solacem F2i

Sale of the majority stake to F2i; Iniziativa acted as financial advisor to the sellers.

Sector: Infrastructure
Deal: Undisclosed
Date: 2026

EOS LAUNCH VEHICLE

Contract: Campania startUp 2020
Project cost: €391.324,00
Contribution: €273.926,80
Date: July 2023

Dolciaria Acquaviva SpA

Development of new products and services, also for the innovative contents that are introduced compared to industry standards, and capable of satisfying the needs and trends of customers/consumers; as well as maximizing levels of production and management efficiency.

Contract: Development Contract
Project cost: €32.136.493,50
Non-refundable contribution: €11.473.195,00
Concessionary Financing: €2.643.220,00
Date: July 2019

Sustainability reports

Support in the preparation of the corporate sustainability report and definition of the ESG strategy and indicators for monitoring sustainable variables

Sector: Production of Plastic Materials
Date: 2023

€1.9 billion Production investments supported | €435 billion Investments in Research & Innovation subsidized | 200 active customers with hundreds of completed transactions | 100 Project Financing/PPP Operations Supported | €1.9 billion Production investments supported | €435 billion Investments in Research & Innovation subsidized | 200 active customers with hundreds of completed transactions | 100 Project Financing/PPP Operations Supported |