Milano is home to a thriving tech ecosystem and to some of Europe’s fastest growing startups in the digital sector. The region is first in Italy for ICT foreign investments and has solid tech infrastructure investments, while the Italian market is undoubtedly among the most appealing at EU level.
Milano is Italy’s largest hub for innovation and technology and is among the top three European cities for innovative start up with scalable business models, counting alone 3,300 startup companies with a birth rate of 38.6 newborn startup per 100,000 inhabitants.
1,578 innovative startups dealing with ICT (21,5% of the national amount) chose Milano as home town, also considering the opportunities offered by the city’s growing VC ecosystem: €1.3 billion invested in the first semester of 2022 with a growth rate of +90% compared to 2021.
40% of investments were addressed to the ICT industry, indicating the trust and confidence investors place in Milano as an ideal destination for tech startups. Within the tech framework, fintech was the most attractive segment for VCs in Italy, growing +16% in 2022, while global fintech fundings dropped 46% YoY.
The city offers 70+ accelerators and incubators programs, 60+ co-working spaces, 18% of Italy’s fablabs and hosts some of the most relevant CVC investing into innovative solutions (A2A, Tim Ventures, Generali Group).