OurCrowd and Intesa Sanpaolo Innovation Center, subsidiary of the Intesa Sanpaolo Group, have signed a Memorandum of Understanding (MOU) with the intent of Ourcrowd promoting access to capital for Sanpaolo startups.
Global crowdfunding platform OurCrowd reports it has made significant strides in Western Europe, expanding its leadership in London and Madrid, increasing its investor base across multiple regions and introducing formal relationships with key multinational corporations. As an institutional partner, Intesa will provide tailored access for its corporate and SME clients into OurCrowd’s hightech portfolio. The partnership seeks to boost innovation in multiple technologies and industrial sectors.
“Today’s launch of our formal partnership signals our sincere commitment to engaging with Italian corporate and startup influencers as we continue our expansion across Europe,” said Jon Medved, OurCrowd CEO. “We have enjoyed working with Intesa’s team on various initiatives and joint projects, and this agreement will accelerate the activity between our companies and between two very important economies in the technology ecosystem.”
Mario Costantini, General Manager of Intesa Sanpaolo Innovation Center, said the agreement confirms their focus on the startup ecosystem;
“The partnership has the dual target of making available to our business customers the best Israeli technologies and, on the other side, our best startups will have access to the network of over 25,000 international investors of OurCrowd.”
The collaboration also targets opportunities for the bank’s network of startups, SME’s and corporate clients to actively access one of the world’s largest equity crowdfunding platforms, which has raised over USD 700 million from all over the world.
OurCrowd has created multiple banking partnerships over the past several years. OurCrowd’s expertise in providing access to early stage capital makes it a perfect partner for banks looking to increase their own business. Other current bank partnerships include National Australia Bank, Singapore’s United Overseas Bank in ASEAN, Citic Pacific in Hong Kong, Reliance Private Client in India, Shanghai Commercial Savings Bank in Taiwan, and Bangkok Bank in Thailand.