Italy

Turin

#81-90

Emerging Ecosystem
Members: Intesa Sanpaolo Innovation Center / Fondazione Compagnia di San Paolo
At Fondazione Compagnia di San Paolo, we are on a mission to place Torino on the global map of innovation ecosystems, bridging local excellence with international opportunities to unlock prosperity.
Marco Gilli
Marco Gilli
Chair, Fondazione Compagnia di San Paolo

Highlights

Turin is a leading innovation hub at the heart of Italy’s Piedmont region, where a strong industrial legacy converges with a rapidly-evolving technology ecosystem that attracts global founders and investors. The city’s capacity to generate high‑value innovation is underpinned by longstanding institutional support, academic excellence, and growing startup activity in Mobility, Aerospace, and Deep Tech, with AI emerging as a fast‑accelerating frontier.

Turin’s international positioning is reinforced by a portfolio of world-class sector‑focused accelerator programs. A key new addition in 2026 is VitalMatch, promoted by CDP Venture Capital and operated by Startupbootcamp and Wylab. The 13‑week program, hosted in Turin, targets Sports, Health, and Wellness and brings together leading partners including Intesa Sanpaolo Innovation Center, Fondazione Compagnia di San Paolo, and Juventus Football Club.

The launch of the Torino Talent Gateway further enhances the city’s attractiveness, offering an integrated set of free services designed to attract, welcome, and support highly-skilled professionals, startups, and innovative SMEs. Developed through a strong public–private collaboration, the initiative builds on Turin’s experience as the European Capital of Innovation 2025. The Torino Smart Gateway was unveiled during the Turin Smart Destination event, promoted by Intesa Sanpaolo Innovation Center, Fondazione Compagnia di San Paolo, and the Municipality of Turin. The event was organized as an official side event of Italian Tech Week (now Wave), one of Europe’s most influential tech conferences, whose 2025 edition was headlined by Jeff Bezos and also featured European Commission President Ursula von der Leyen.

Intesa Sanpaolo Innovation Center expanded its international outreach through soft-landing services and European partnerships, while new investments from Neva SGR further support talent attraction and startup growth in the region. Fondazione Compagnia di San Paolo strengthened Turin’s startup pipeline by doubling down on entrepreneurial education initiatives, launching the brand-new Enter Academy and introducing a Young Track within the From Zero to Startup program, operated by ESCP Business School. At the European level, Intesa Sanpaolo and Fondazione Compagnia di San Paolo joined forces with the Scaleup Europe Fund, the new multi‑billion‑euro late‑stage and growth fund announced by the European Commission, to back the continent’s most promising tech champions.

Ecosystem by the Numbers

ECOSYSTEM VALUE

A measure of economic impact, calculated as the value of exits and startup valuations from H2 2023–2025. Ecosystem Value includes all active unicorns.
(H2 2023 - 2025)
$2.7 BN
GLOBAL AVG. $25 BN
REGIONAL AVG. $14.3 BN

ECOSYSTEM VALUE GROWTH

Growth is calculated based on the Ecosystem Value from H2 2018–2020 vs. H2 2023–2025.
(H2 2018 - 2020 VS. H2 2023 - 2025)
130%
GLOBAL GROWTH 149%
REGIONAL GROWTH 152%

AI-Native Ecosystem Value

A measure of economic impact, calculated as the value of exits and startup valuations from H2 2023–2025 for AI-Native. Ecosystem Value includes all active unicorns.
(H2 2023 - 2025)
$44 M
GLOBAL AVG. $4.4 BN
REGIONAL AVG. $1.1 BN

AI-Native Ecosystem Value Growth

Growth is calculated based on the AI-Native Ecosystem Value from H2 2021–2023 vs. H2 2023–2025.
(H2 2021 - 23 VS. H2 2023 - 25)
189%
GLOBAL GROWTH 161%
REGIONAL GROWTH 84%

EARLY-STAGE FUNDING GROWTH

Early-Stage Funding Growth is based on number of Seed and Series A rounds raised between 2022-2023 vs. 2024-2025 and calculated on a scale of 1 (lowest) to 10 (highest).
(2022-23 vs. 2024-25)
9
Scale of 1 (lowest) to 10 (highest)

AI-Native Early Stage Funding Growth

AI-Native Early-Stage Funding (ESF) Count Growth Tier evaluates the growth in the number of Early-Stage Funding rounds between 2022–23 and 2024–25. Ecosystems are scored on a scale from 1 to 10, where 1 represents the lowest growth and 10 represents the highest.
(2022-23 vs. 2024-25)
6
Scale of 1 (lowest) to 10 (highest)

TOTAL VC FUNDING

The Total VC funding (Seed, Series A, Series B+) in tech startups in 2021–2025.
(2021 - 2025)
$1.2 BN
GLOBAL AVG. $5 BN
REGIONAL AVG. $4.1 BN

TOTAL EARLY–STAGE FUNDING

The total Seed and Series A funding in tech startups in H2 2023–2025.
(H2 2023 - 2025)
$312 M
GLOBAL AVG. $554 M
REGIONAL AVG. $531 M

EXIT AMOUNT

The total value of exits from the ecosystem.
(2021 - 2025)
$629 M
GLOBAL AVG. $7.6 BN
REGIONAL AVG. $4.3 BN

EXIT COUNT (#)

The number of exits from the ecosystem.
(2021 - 2025)
60
10
2021
14
2022
14
2023
15
2024
7
2025
GLOBAL AVG. 103
REGIONAL AVG. 136

TIME TO EXIT

The average age at the time of exit in the ecosystem in 2021–2025.
(2021 - 2025)
14.7 YEARS
GLOBAL AVG. 11.1 years
REGIONAL AVG. 11.7 YEARS

NUMBER OF UNICORNS 

The number of startups that meet our definition and have been valued at more than $1 billion and have not exited.
(ACTIVE UNICORNS)
1
GLOBAL AVG. 11
REGIONAL AVG. 6

MEDIAN SEED ROUND

The median of seed rounds in tech startups in the ecosystem in H2 2023–2025.
(H2 2023 - 2025)
$544 K
GLOBAL AVG. $1 M
REGIONAL AVG. $1 M

Median Series A Round

The median of Series A rounds in tech startups in the ecosystem in H2 2023–2025.
(H2 2023 – 2025)
$4.4 M
GLOBAL AVG. $6.2 M
REGIONAL AVG. $6.5 M

Top Funded Startups

Top startups identified based on funding amount from July 2023 to December 2025.
(H2 2023-2025)
1: Newcleo
2: Tau Group
3: Resalis Therapeutics
4: Eoliann
5: Reefilla

SOFT. ENGINEER SALARY

Average software engineer salary informed by data from Glassdoor, Salary.com, and PayScale, as well as local sources when available.
(2025)
$44 K
GLOBAL AVG. $54 K
REGIONAL AVG. $58 K

Sub-Sector Strengths

Smart Cities
Smart Cities

Turin serves as an ideal open‑air laboratory to deploy cutting‑edge technologies through integrated urban innovation and digital infrastructure. In July 2025, Turin was selected to host the EU Cities Mission Conference in May 2026, reaffirming its role as a key Mission City under the NetZeroCities initiative in pursuit of climate neutrality by 2030. Urban innovation lab CTE Next began its second phase in 2025, expanding AI and data experimentation. Italy’s first autonomous shuttle was launched in October. In December, Turin hosted the Cities Innovate Summit and nominated itself as the EU's autonomous driving laboratory city.

AI, Big Data & Analytics
AI, Big Data & Analytics

Turin’s AI sector continues to gain momentum, anchored by the pivotal role of AI4I, the Italian Institute of Artificial Intelligence for Industry. Following the launch of its CSP Institute for Advanced Studies in 2025, AI4I is now onboarding its inaugural cohort of globally-recruited Heads of R&D Units, strengthening the city’s position at the forefront of applied AI research. On the talent and skills side, AI4I and Fondazione Compagnia di San Paolo have recently unveiled the Turin Track of Bocconi University’s MSc in AI, featuring a hands-on internship at AI4I focused on frontier AI topics.

Spacetech
Spacetech

Turin’s space economy – home to 350+ space‑related companies generating $9.4B+ in combined turnover – is powered by sustained long‑term investment, a dense corporate presence (e.g., Leonardo, Thales Alenia Space), and the strategic development of the Città dell’Aerospazio. On the startup front, European Space Agency’s Business Incubation Center in Turin continues to act as a key engine of innovation. In April 2025, Intesa Sanpaolo Innovation Center, through its venture capital firm NEVA SGR, and Fondazione Compagnia di San Paolo invested in Galaxia, the National Technology Transfer Hub for the development of new enterprises dedicated to the aerospace sector.

Selected Startup Organizations

Startup Genome Members

MEMBER
Intesa Sanpaolo Innovation Center

Intesa Sanpaolo Innovation Center is the company within the Intesa Sanpaolo Group dedicated to cutting-edge innovation. It explores future scenarios and trends, develops multidisciplinary applied research projects, supports startups, accelerates business transformation for companies based on the principles of Open Innovation and the Circular Economy, fosters the development of innovative ecosystems, and promotes a culture of innovation, positioning Intesa Sanpaolo as the driving force behind a more conscious, inclusive, and sustainable economy. Headquartered on the 31st floor of the Intesa Sanpaolo skyscraper in Turin and supported by a national and international network of hubs and research laboratories, the Innovation Center acts as a catalyst for relationships within the innovation ecosystem including companies, startups, incubators, research centers, universities, and national and international institutions. It also promotes new forms of entrepreneurship in access to venture capital, leveraging venture capital funds with the support of its subsidiary Neva SGR.

MEMBER
Fondazione Compagnia di San Paolo

Fondazione Compagnia di San Paolo is one of Europe’s largest philanthropic foundations and the major shareholder of Intesa Sanpaolo. Established in 1563 in Turin, the Foundation promotes cultural, social, and economic development through grant‑making, strategic investments, capacity building, and long‑term partnerships. The market value of its financial portfolio exceeds $15.3B, and in 2025 its grant‑making amounted to $338.8M. Acting as a catalyst for sustainable development, the Foundation is now one of the leading ecosystem developers in Europe, on a mission to place Turin on the global map of innovation.

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