CDP Venture Capital Unveils CrossConnect Accelerator for Infrastructure Innovation
Deal News | Jan 17, 2025 | CDP Venture Capital
CDP Venture Capital has announced the launch of CrossConnect, an accelerator program dedicated to advancing physical and digital infrastructures. The initiative will span three years and is backed by over €6 million in total investments, primarily funded by the Accelerator Fund. Co-investment and management responsibilities are shared with the Plug and Play Tech Center and ELIS, with strategic participation from leading corporate partners. CrossConnect aims to foster innovation in infrastructure technologies through investment and collaboration with cutting-edge startups. The presence of major corporates further underscores the potential impact of this program on the industry, as it seeks to bridge the gap between physical and digital realms.
Sectors
- Venture Capital
- Infrastructure
Geography
- Italy – CDP Venture Capital is based in Italy and leads the CrossConnect initiative, which likely targets Italian startups and industry innovations in infrastructure.
Industry
- Venture Capital – CDP Venture Capital is a key player in providing capital to accelerate startup growth, particularly in the infrastructure space via the CrossConnect program.
- Infrastructure – The CrossConnect accelerator focuses specifically on advancing physical and digital infrastructure solutions, bringing together investors, startups, and corporations to drive transformation in this field.
Financials
- €6 million – Total investment allocated for the CrossConnect accelerator program over three years.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| CDP Venture Capital | Lead investor and organizer | Company | A venture capital firm based in Italy, focused on supporting the growth of innovative businesses and industries. |
| Plug and Play Tech Center | Co-investor and manager | Company | A global innovation platform connecting startups with corporates and investors, aiding in co-management of the CrossConnect program. |
| ELIS | Co-investor and manager | Company | An organization focused on education and innovation, collaborating on the management and investment in the CrossConnect accelerator. |
| Leading Corporate Partners | Participants | Company | Unspecified major corporations participating in the CrossConnect program to enhance infrastructure development. |