These are some examples of the innovative business models on which startup projects focus
selected to participate in Ready to go "Magic Wand", the acceleration program launched by Digital Magics and supported by ten institutions including Bnp Paribas, Intesa Sanpaolo, Poste Italiane and Ubi Banca.
Digital Magics, an incubator of "made in Italy" digital start-ups presented the "Magic Wand" program together with its partners at the Fintech District of Milan.
"Magic Wand" will offer start-ups, chosen by a Jury composed of Digital Magics and partners of
program – including Credito Valtellinese, Ersel Investimenti, Innogest, SellaLab, SisalPay and Società Reale Mutua di Assicurazioni – an initial loan of 5 thousand euros together with a 6-month mentorship process.
In a second phase, the program will make additional funds available for start-ups that demonstrate the best performance against growth targets. The goal of "Magic Wand" is to support and accelerate the growth of Italian start-ups by providing economic support, advisory services, sharing of experiences and support for business development at an international level, precisely thanks to the creation of a of Italian excellence to innovate the finance and insurance sector, based on a system alliance created with the most important market operators.
The first 8 “Magic Wand” startups selected and which have formalized or are formalizing
the agreement with Digital Magics are: #InvestFT, Axieme, Cloudesire, Coverholder, DIAMAN Tech, Duedot
(Quokky), EasyTax Assistant and Moneymour. In the next few days, the last two that will go to will enter
complete the team.
The acceleration program will offer the selected startups an agenda full of contents and
development opportunities, thanks to the ten partners, who will also make the
their skills and experience, to the reference mentors or industry experts involved in the project,
the constant support of the Digital Magics team, which will be dedicated to promoting growth and improvement of KPIs (Key Performance Indicators), with a very fast scalability and positioning perspective
primary on the market.
Numerous moments of training, courses, workshops and masterclasses with the founders of startups are planned
success and with top managers of large companies, experts in finance, marketing, legislation, "growth hacking", as well as creatives and developers of digital platforms and interfaces.
In March, once the second month of the acceleration program has concluded, a second will take place
selection, which will allow the best six start-ups to continue and conclude the acceleration process, receiving a second loan of 15 thousand euros, participating in the final phase of the Investor Day of "Magic Wand" - an exclusive event with the most important Italian investors and international – and having the opportunity to join the Digital Magics team.
Finally, there are further opportunities offered by Neva Finventures (Intesa Sanpaolo Group), Innogest and SellaVentures (Banca Sella Group) which have decided to reserve the possibility of financing the "Magic Wand" finalists, who at the end of the program will have achieved their objectives and Pre-set KPIs.
In addition, the Intesa Sanpaolo Group's Innovation Center will offer the six finalists access to its own innovation centre
Fintech expertise, the ability to participate in international scale-up platforms and partnerships
with the most important research centers in the world, as well as creating proof of concepts on products or services
identified.
