The lively Roman startup ecosystem features more than 1,000 startups, alongside research universities and incubators – perfect for fostering a dynamic GovTech scene. Watch these ten tech startups and join us at the GovTech Summit!
Compared to other european countries, the Italian startup ecosystem is still at its earlier stages. In 2018, €480m of venture funding was invested in startups – this is balanced against the €3.7bn and €1.4bn totalled by France and Spain respectively. However, compared to the figure for 2017 – just €133m in funding – there are certainly signs of growth. There have been some big funding rounds, including mobile payments company Satispay raising a €15m round in July 2018; and a few large exits, notably the travel app Musement being acquired by the German giant TU.
The Italian Government has recently adopted a number of measures to pave the way for startups, including the Startup Act, a package of incentives for early stage companies, and the launch of the Smart&Start programme, that provides loan and venture financing for startups, tax benefits for investors and a startup VISA scheme for non-EU innovators that want to establish their startup in Italy. In March 2019, the Italian Government announced a €1bn investment – a venture capital-esque vehicle – to be injected into innovation funds or directly into startups. This fund will be based in Rome, where all the key economic institutions are currently headquartered.
Placed at the heart of Italy, Rome now boasts more than 1000 startups and is one of the biggest startup hubs in Italy, second only to Milan. This growth of startups is aided by the presence of 27 universities and several research institutes, as well as the large concentration of incubators and accelerators (over 20), including LUISS EnLabs, Bic Lazio and PiCampus, and corporate sponsored accelerators such as TIM #Wcap and Wind Business Factor.
The Rome regional administration has taken steps forward to ensure that more investments is deployed into startups from the city, including establishing a local VC fund that combines European funds and private capital, managed by Lazio Innova.
Top 10 GovTech Startups
The Roman GovTech ecosystem includes startups in the fields of AgTech, Healthcare, CyberSecurity, CleanTech and more. Below a list of companies with significant public sector applications to be watched in 2019.
Pedius enables the deaf and hard of hearing to make phone calls, using either speech to text or synthesised voice
Le Cicogne is a marketplace for baby-sitting, connecting parents to baby-sitters in a safe, regulated & quick way.
MedyX helps the recovery of discharged patients through an alert system that remind them to take the right medications and to regularly attend hospital appointments.
Wanderio is a platform where you can compare schedules and prices and buy tickets to travel across Europe by train.
Exein is a cybersecurity company providing firmware security solutions for the IoT. Its firmware security software and middleware solution that can be injected like a vaccine inside the hardware in order to defend it from inside, working directly within the firmware at a lower level.
uFirst is an app that helps reduce waiting times in municipalities or hospitals, through a ticketing system for virtually queuing.
Scuter is a smart e-scooter sharing service running on environmentally friendly green electricity.
Elaisian provides agtech solutions to olive farms to analyze and prevent risks in the entire production cycle of olive plant work.
Messagenius is a smart and secure enterprise instant messaging tool built on your server for full data ownership and confidentiality for enterprises and public sector organisations.
PharmaPrime gets patients’ medications delivered to their door within 40 minutes & helps them find the best value for money products.
This is part of a series selecting the most exciting tech startups from all over Europe. Every week, we cover new countries – check out other European cities here.