CDP Venture Capital Unveils Crossconnect: A New Accelerator Initiative
Funding | Dec 18, 2024 | CDP Venture Capital
CDP Venture Capital has announced the launch of Crossconnect, a three-year accelerator program focused on nurturing startups specializing in both physical and digital infrastructure. This initiative is underpinned by a significant investment exceeding 6 million euros from the Accelerator Fund, and is co-invested and managed by Plug and Play Tech Center together with ELIS. The program involves collaboration with leading corporate partners to provide innovative startups with both financial and strategic support. The goal of Crossconnect is to bridge the gap between traditional infrastructure and digital transformation, thereby driving forward advancements in these sectors through collaborative efforts and resource allocation.
Sectors
- Venture Capital
- Infrastructure
- Technology
Geography
- Italy – CDP Venture Capital is based in Italy, which indicates the primary geographical focus of the accelerator program.
Industry
- Venture Capital – Crossconnect is a venture capital initiative aimed at funding and accelerating early-stage startups.
- Infrastructure – The focus of the Crossconnect program is on startups dealing with both physical and digital infrastructures.
- Technology – Involvement of Plug and Play Tech Center indicates a strong technological focus within the accelerator program.
Financials
- Over 6 million euros – Total investments allocated by the Accelerator Fund for the Crossconnect program.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| CDP Venture Capital | Launching Company | Company | A venture capital firm driving the Crossconnect accelerator program. |
| Plug and Play Tech Center | Manager and Co-investor | Company | An innovation platform managing and co-investing in the Crossconnect program. |
| ELIS | Manager and Co-investor | Company | A company collaborating in the management and co-investment of the Crossconnect program. |
| Accelerator Fund | Investor | Company | The fund providing financial backing for the Crossconnect program. |
| Corporate Partners | Participants | Company | Leading corporate partners providing strategic resources and support to the startups in the accelerator. |