Tour Vespucci: the Mimit in Singapore focuses on startups, foreign investment, the blue and space economy, and enhancement of Made in Italy products
A conference on the sustainable development of advanced technologies, promoted by the Ministry of Foreign Affairs and International Cooperation (Maeci) and the Ministry of Enterprise and Made in Italy (Mimit), took place in Singapore on September 29th. This was the fourth stop on a journey that began in New York, continued in San Francisco and Tel Aviv, and will conclude in Tokyo.
During the meeting, Italian Minister of Foreign Affairs Luigi Di Maio spoke about the prospects of Italian startups abroad and underlined the need to “invest in our young people, in their talent, in their ideas” in order to “build the Italy of the future, the Italy we would like to leave to our children.”
“The government’s commitment in this sector,” Di Maio added, “has been demonstrated over the last few months through a series of significant initiatives and measures.” Di Maio cited the creation of the Italian Agency for the promotion abroad and internationalization of Italian companies (Ice Agency) and the relaunch of the Fund for the development of venture capital. “In just a few weeks,” Di Maio added, “we’ll launch the ‘Digital Compass,’ a 5-year strategic plan for the digitization of the country.”
Minister of Enterprise and Made in Italy Giancarlo Giorgetti spoke about the government’s commitment to the Made in Italy brand, a “symbol of excellence and uniqueness.”
“Our country must play a leading role in advanced technologies,” Giorgetti said, “an area of great strategic importance for our economy and our international positioning.”
With this in mind, the Mimit has established a new Unit for space and blue economy, under the direction of Angelo d’Alessandro, an expert in international affairs and innovation.
“Italy,” Giorgetti added, “has all the ingredients to increase its global competitiveness. We must continue to invest in research and innovation, support our companies in their internationalization efforts, and strengthen our partnerships with other countries.”
The meeting also discussed the prospects for collaboration between Italy and Singapore in the areas of advanced technologies, startups, and venture capital.
Singapore’s Minister of State for Trade and Industry Alvin Tan emphasized the importance of “fostering innovation and entrepreneurship” and the “creation of a conducive environment for startups to grow and scale.”
Tan also highlighted the potential for collaboration between Italy and Singapore in the areas of artificial intelligence, smart cities, and fintech.
Overall, the Tour Vespucci has been a success in promoting Italy’s innovation and technology ecosystem and in fostering collaboration with other countries. The conference in Singapore has further strengthened the relationship between Italy and Singapore and has laid the groundwork for future cooperation in advanced technologies.
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