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Italy unveils G20 Innovation League to promote startups for sustainable future

The current Italian Presidency of the G20 has unveiled the G20 Innovation League, a new and unique initiative designed to drive forward innovative projects that help create a sustainable future.

The initiative brings together the most promising startups from G20 countries together with institutions and investment funds so they can collaborate and develop innovative sustainable business projects.

Key Highlights

  • Held in Sorrento, Italy and supported by Italy’s Ministry of Foreign Affairs and International Cooperation, the Ministry of Technological Innovation and Digital Transition, and the Ministry of Economic Development, the event was inaugurated by Italian Foreign Minister Luigi Di Maio.
  • The startups called to present their projects and to propose sustainable technological solutions took part in five challenges. At the first stage of competition, the most promising startups were nominated by each of the G20 countries.

  • At the second stage, 100 startups that made it to the finals were evaluated by venture investors based on financial results, product uniqueness, team competencies, and innovative ideas to tackle global challenges to help build a more inclusive and sustainable future.
  • The startups competed in five categories: Artificial Intelligence, Clean Technologies, IoT Technology and Wearable Devices, Smart Cities and New Mobility, and The Future of Healthcare.
  • The Cleantech category award went to ACT Balde (UK) and Biomicrogels Group (Russia). ACT Balde manufactures a new generation of wind turbines, which are 32 percent lighter and 10 percent higher than conventional wind turbines.

SOURCE: Economic Times

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