Iniziativa Newsletter | March-April 2026

📬 The March-April newsletter is online Iniziativa.

Two months packed with operations, research, and positioning.

🏗️ The SOLACEM transaction | FHP Group's entry into SOLACEM is the culmination of twenty years of collaborative work. Not a one-off transaction, but the culmination of a long-term development journey.

🏛️ The sixth conference of the Observatory on Public Participations | In Rome, with a focus on how to measure the real impact of public transport, waste management, and trade fair systems.

📚 The sale of Scuolab to Helkin | Second M&A transaction of 2026, in the heart of the Italian Ed-tech sector. Another step in the journey with Protom Group.

🌬️ ISCLEANAIR's APA technology | How a deep-tech environmental innovation born in Italy can become an international industrial success story.

🏭 Transition 5.0 and industrial policy | Why discontinuous incentives pose a real risk for businesses, especially in the South.

And again: the Degree Award "Giuseppe Principe”, the new DIGITers in the company and the recognition as Senior Advisor of Partner 24 ORE.

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Latest Articles

Iniziativa at the DIGITA Academy 2025/2026 Graduation Day

July 10, 2026

28DIGITAL: Funding for the co-creation and development of digital startups

July 3, 2026

Innovative Health Iniziativa Call 13: Approximately €85 million to address immune-related diseases in older adults, reduce animal testing, and promote early-stage healthcare innovation.

July 3, 2026

JU Chips: New calls coming soon for the semiconductor, quantum technologies, and electronic systems sectors.

June 30, 2026

Success Cases

Empoli Football Club

Construction of the new Empoli FC stadium using the procedure established by Legislative Decree 38/2021

Date: 2024

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

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

Tecno

Iniziativa assisted Tecno in the M&A process which saw them involved in the process of acquiring 65% of Aere. The acquisition is aimed at expanding the services offered by Tecno

Sector: Energy services
Deal: Undisclosed
Date: 2021

Training

Design and delivery of training on corporate finance management: "Knowing the present to plan the future" to the top figures of 30 SMEs, in collaboration with the Naples Industrial Union

Sector: Banking
Date: 2022

Sidereus Space Dynamics

Primo Venture and CDP Venture Capital enter the capital with a venture capital seed round of 1,5 million; Iniziativa is co-advisor.

Sector: Aerospace
Deal: Venture Capital
Date: 2021
Value: 1.500.000,00

South Tyrol Health Authority

Technical assistance to the Grantor in the evaluation of a Project Financing proposal relating to an intervention for the "Supply of energy carriers (hot water, steam, electricity) for the San Maurizio hospital in Bolzano"

Sector: Healthcare company PPP
Date: 2021

Sustainability reports

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

Sector: Polydiagnostic Center
Date: 2024

Medaarch

Iniziativa, as financial advisor, assisted Meedarch in the spin-off of the Mediterranea business unit and negotiated the entry of a new investor into the NewCo.

Sector: Architecture and design
Deal: M&A - sell side
Date: 2024
Value:ND

CASTLE

CAbin Systems design Toward passenger well-being

Program: HORIZON - Clean Sky2
Project cost: €11.695.656,00
Contribution: €9.533.525,00
Date: July 2016

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

Diadem

Distributed Advanced Energy Management Application

Contract: Campania startUp 2020
Project cost: €427.084,00
Contribution: €298.958,80
Date: September 2023

Unidata

Implementation and management of a smart metering system to automate the reading and management processes of Sabina Public Water meters and the implementation of a data-driven water resource management process management system.

Date: 2023-2024/XNUMX/XNUMX

Technical assistance

Technical assistance to the Managing Authority, to the Single Managers for Implementation/Action Line Managers and to the Certification Authority for the implementation of the intervention plan financed with the resources of the Regional Development and Cohesion Fund Campania for the programming periods 2000-2006, 2007-2013, 2014-2020, 2021-2027

Sector: Territorial authorities - Technical assistance for FSC programming, monitoring and reporting
Date: 2014 - 2026
FSC resource allocation assigned to the Campania Region: €9.323.000.000

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

Unidata

Implementation of an advanced fiber optic, Wi-Fi, and IoT connectivity system for Sapienza University of Rome

Date: 2025

MUNICIPALITY OF LUCCA – PORTA ELISA STADIUM

Technical assistance to the Grantor in the evaluation of a Project Financing proposal relating to a "Recovery with demolition and reconstruction of the "Porta Elisa Municipal Stadium" of Lucca and restoration of the historic grandstand" presented pursuant to Law 147/2013 and subsequently adjusted in compliance to Legislative Decree 38/2021

Sector: Sports Facilities PPP
Date: 2021

GEVEN SpA

Construction of a new production unit for the manufacture of aircraft seats

Contract: Law 181/89 and subsequent amendments.
Project cost: €10.441.948
Non-refundable contribution: €2.014.000
Concessionary Financing: €5.220.000
Date: October 2017

HERMAS

Evolution of Robotized cell for Machining and Additive manufacturing with wireless Sensor for data acquisition management and analysis

Contract: Smart Factory, Agrifood and Life Sciences
Project cost: €3.527.812,50
Contribution to spending: €1.215.398,13
Concessionary Financing: €705.562,50
Date: December 2023

ROMAN GROUP

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

Sector: Call Center
Date: 2023

Airtime

IPO operation on Euronext Paris; Iniziativa assisted the Airtime Partecipazioni group as a financial advisor.

Sector: Telecommunications Services
Deal: IPO
Date: 2021
Value:ND

Adequate Structures

Analysis and verification of the organizational, administrative, and accounting structures of Fabbrica Italiana dell'Innovazione

Sector: Certified Incubator
Date: 2026

Technical assistance

Technical, specialist and management assistance service for projects financed under the Pact for the City of Naples FSC 2014-2020

Sector: Local authorities - Technical assistance for FSC programming, monitoring and reporting
Date: 2018 - 2023
FSC resource allocation assigned to the Metropolitan City of Naples: €310.999.041

Business Process Reengineering

Business Process Reengineering intervention aimed at optimizing economic results and financial flows

Sector: Precision machining for the aeronautical sector
Date: 2025

MISENO

Multipurpose Ital-GovSatCom application Services for Emerging user Needs and Objectives

Contract: Innovation Agreements for the Space Economy
Project cost: €8.987.370,13
Non-repayable contribution: €4.192.681,20
Date: June 2020

Protom Group SpA

Acquisition of the Espero business unit with geographical expansion of the market served; Iniziativa assisted the operation 360°.

Sector: Education and Knowledge development
Deal: M&A - buy side
Date: 2024
Value:ND

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

Helkin – Scuolab

Scouting of acquiring companies, assistance in negotiating the LOI, coordination of the multidisciplinary due diligence process (financial, tax, technological, and labor law aspects), negotiation of the SPA and related annexes.

Sector: Edutech
Deal: M&A - sell side
Date: 2025
Value:ND

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

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

€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 |