WASHINGTON (UNITED STATES) (ITALPRESS) – The “Italy – US Tech Business & Investment Matching Initiative” kicks off in Washington at the Embassy of Italy in the United States.
The program on the Italian side is promoted by the Ministry of Foreign Affairs and International Cooperation, Ministry of Business and Made in Italy (MIMIT), Conference of Regions and Autonomous Provinces, 14 Italian regions, Confindustria, Transatlantic Investment Committee (TIC) and Transatlantic Harmonic Foundation (THF). On the U.S. side, Department of State, Department of Commerce, organizations representing 18 U.S. states, Tech Hubs Organization, Select USA and the U.S. Chamber of Commerce are involved.
Evolving from the work done by the Transatlantic Investment Committee (TIC), with the support of the Transatlantic Harmonic Foundation (THF), the Italy – US Tech Business & Investment Matching Initiative is a system-wide program aimed at ensuring transatlantic cooperation in favor of the development of the innovation industry in Italy and its contribution in the world. It is held in parallel with the third edition of the THF-TIC US Stakeholders’ Meeting.
Thanks to the matching activity facilitated by the public and private stakeholders involved, the Italy – US Tech Business & Investment Matching Initiativeaims to nurture the meeting and dialogue between Italian and U.S. institutions and companies, fostering industrial partnerships and investment flows for mutual growth in strategic sectors such as, for 2025, life sciences and aerospace, with a specific focus on industrial artificial intelligence solutions.
Mariangela Zappia, Ambassador of Italy to the United States, said, “Last year Italy-U.S. interchange exceeded $126 billion; the United States is the main destination of Italy’s foreign direct investment, with more than 65 billion euros of stock reached in 2023, and U.S. investment in Italy exceeded 20 billion euros. As these figures show, the United States is by far our largest trading partner outside the EU. Today’s initiative offers a valuable opportunity to strengthen this intense economic/commercial cooperation-strategic for Italy-because in many cases the U.S. states and our regions hold the keys to successful collaboration, thanks to their unique expertise and knowledge of the realities on the ground, as well as their ability to create opportunities for contact.”
Massimiliano Fedriga, President of the Friuli Venezia Giulia Region, commented, “We are pleased to be present at this important event that fosters matching between U.S. and Italian companies with a targeted focus on innovation. This is an area for which Friuli Venezia Giulia has been classified as a Strong innovator by the European Union, precisely because of our region’s propensity to foster contamination between the worlds of scientific research and business.”
As noted by Mauro Battocchi, Director General for the Promotion of the Country System, Ministry of Foreign Affairs and International Cooperation, “Italy stands out today as one of the leading exporters of goods globally. It boasts the second largest manufacturing base in Europe. More than half of its exports are related to the mechanical, advanced technology, pharmaceutical and chemical sectors. In addition, Italy is one of the countries in the European Union with the fastest GDP growth in the post-pandemic period. These data highlight a strong potential to boost mutual investment between Italy and the United States. A key example of collaboration is the biotech sector, where strategic alliances can be developed both in research and development and in bilateral investment. Such cooperation can build on the already strong relations between the two countries, which have been built over the decades, including in the area of national security and defense.
We are working as ‘Sistema Italia,’ in synergy with public and private partners, to take full advantage of these opportunities and promote even closer collaboration between Italy and the United States.”
According to Amedeo Teti, Head of Department for Enterprise Policy at the Ministry of Business and Made in Italy, “Italy and the U.S. are strategic partners. There are currently 3,247 companies with U.S. participation in Italy, employing 399,652 people and generating a turnover of more than 199.2 billion euros. We believe that collaboration between institutions and companies in the two countries is the key to creating a common innovation ecosystem that can enhance skills and resources in key sectors such as aerospace and life sciences. By choosing a local-to-local approach, the richness and specialization of regional ecosystems can be enhanced. We intend to give continuity in the coming months to the bilateral collaboration and we are confident that the strengthening of the industrial partnership between Italy and the United States will encourage a further increase of investments in our country.”
– Photo xp9/Italpress –
(ITALPRESS).
