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advisory

The Cetif in Tel Aviv to bring Israeli startups to Italy

The financial ecosystem and the direct Italy-Israel channel
Edited by Francesco Bertolino | Milano Finanza
22.02.2023
They say about us
Edited by Francesco Bertolino | Milano Finanza

A country roughly the size of Lombardy invests 20 times more in venture capital than Italy. Thanks to its propensity for innovation and risk-taking, Israel has become the land of unicorns, especially in the financial and insurance sectors. Between 2021 and 2022, local fintech startups raised nearly $7 billion in just under 200 rounds. This capital is fueling the development of new technologies that Cetif plans to bring to Italy as well. The Research Center at Cattolica recently launched a branch in Tel Aviv with the goal of intercepting the best startups and making their solutions available to clients who use the university spinoff's consulting services. "The business relationship between Italy and Israel is solid and getting stronger," explains Imanuel Baharier, general manager of Cetif Advisory and head of the Tel Aviv branch. "The scales are tipped in favor of Italy, but Israel is at the 'global forefront of hi-tech and its startups are always looking for new markets, larger than the domestic one," he continues. "Our center aims to act as a trait d'union between Israeli innovation and Italian companies, creating a mutually beneficial relationship." After all, Italy represents an ideal landing place not only because of cultural proximity but also because of the favorable legislative environment. "Israeli startups have few opportunities to work with the public sector and large private institutions," Baharier concludes. "In Italy, on the other hand, they would find an ideal regulatory environment to work with the public administration or with highly regulated sectors such as banking: just think, for example, of the different sandbox made available by the authorities to test innovative solutions."