CDP Venture Capital Launches CrossConnect for Infrastructure Innovations
PE News | Dec 10, 2024 | CDP Venture Capital
CDP Venture Capital has initiated a new accelerator program named CrossConnect, aimed at enhancing physical and digital infrastructures over a sustainable three-year timeframe. This ambitious program is fueled by an investment exceeding €6 million, sourced from the firm's Accelerator Fund, and involves co-investment and management by notable entities Plug and Play Tech Center and ELIS. The endeavor also garners support from influential corporate partners, evidencing an integrative approach to technological innovations in infrastructure. The accelerator seeks to foster advancements and synergies between physical and digital sectors, aligned with the evolving landscape of infrastructure requirements.
Sectors
- Venture Capital
- Infrastructure
- Technology
Geography
- Italy – CDP Venture Capital is based in Italy, indicating the geographical focus of the initiative and its associated investments and partnerships.
Industry
- Venture Capital – The article discusses a venture capital firm launching an accelerator program, aligning with industry standards of fostering startups and technological innovation.
- Infrastructure – The focus on physical and digital infrastructure development for the CrossConnect program places the article firmly within the infrastructure sector.
- Technology – The integration and enhancement of digital infrastructure suggest a significant technology sector component in the accelerator's objectives.
Financials
- €6 million – Total investment allocated by the Accelerator Fund for the CrossConnect program.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| CDP Venture Capital | Initiator of CrossConnect | Companies | A prominent Italian venture capital firm focusing on funding and supporting innovative projects and startups. |
| Plug and Play Tech Center | Co-investor and Manager | Companies | A global startup ecosystem and venture capital firm that partners with corporations to support early-stage innovation. |
| ELIS | Co-investor and Manager | Companies | ELIS is an educational and training entity that collaborates with companies to foster the development of innovative talent. |
| Corporate Partners | Supporters of CrossConnect | Companies | Leading firms collaborating in the accelerator program to enhance infrastructure innovation. |