Intesa Sanpaolo Innovation Center, Fondazione Compagnia di San Paolo, and Startup Genome have teamed up to spotlight Turin’s entrepreneurial ecosystem in the Global Startup Ecosystem Report:

• The ecosystem created $2.9 billion in Ecosystem Value from Jul 01, 2021 to Dec 31, 2023, representing 122% compound annual growth compared to Jul 01, 2019 to Dec 31, 2021 time period. Ecosystem Value is a measure of economic impact, calculated as the value of exits and startup valuations.

• Turin has moved up 20+ spots and entered the Top 100 Emerging Ecosystems Ranking for the first time.

• Top 40 European Ecosystem in Performance — measures the size and performance of an ecosystem based on the accumulated tech startup value created from exits and funding

• Top 40 European Ecosystem in Funding — measures innovation through early-stage funding and investor’s activity

• The AI, Big Data, & Analytics, Smart Cities, and Spacetech sectors are highlighted for their density of talent, support resources, and startup activity

• Techstars Transformative World Torino, ESCP Business School’s Blue Factory, Torino Tech Map, and CTE Next are cited as reasons a startup should move to the ecosystem

“We at Intesa Sanpaolo Innovation Center are enablers to make Turin a cutting-edge ecosystem, attractive for innovative companies from all over the world. For us, promoting innovation goes beyond pure technological progress; it means enabling the transformation towards more sustainable development, facilitating the creation and acquisition of new competencies in the territory that provide competitive advantages for all stakeholders,” says Viviana Bacigalupo, Managing Director of Intesa Sanpaolo Innovation Center.

"With Turin experiencing 122% growth in Ecosystem Value and appearing in the Global Emerging Ecosystem Ranking for the first time this year, we take great pride in our collaboration with Intesa Sanpaolo Innovation Center and Fondazione Compagnia di San Paolo to support local startup success stories," shares Stephan Kuester, Managing Partner at Startup Genome. "Furthermore, Turin's strengths in Artificial Intelligence, Analytics, Smart Cities, and Space Technologies, poised for future global growth, highlight its significance in our network."

For more insights and an overview of Turin’s startup landscape, visit the Turin ecosystem page.

To learn more about startup ecosystems around the world, view the full, free Global Startup Ecosystem Report.