A co-financing action in case of strategically interesting ideas, aimed at:

> Develop, produce and sell the product. Forms of royalties are recognized to the designer.

> Develop and support the creator in the management and development of the company, also through the Business Angel programs of LDV2.0 S.r.l., in exchange for royalties or shareholdings in the company.

In both cases an initial coverage of the project cost, even partial, is required; any second action is in any case bound to economic-financial assessments relating to the project as a whole.

Why Value for Innovation

From the experience carried out over the years, we have seen how the projects developed can be grouped into two large families:

1. Product development on “behalf of a third party”, that is on behalf of structured companies for which we operated as specialized external support.
2. Product development based on ideas for MPMIs that have identified an idea, a market, a similar development path or sometimes completely different from their sector and activity.

Often the problems are considerable and related not only to the technical, but also to the management, economic and financial fields. These problems are typical of the second case, but can also occur in the product development “on behalf of a third party”.

From a financial point of view, public and facilitated financial instruments could be helpful, but the timing is often incompatible with the development times of an industrial product. From the point of view of the corporate structure, a distortion of the organization may be necessary. For these reasons, Value for Innovation was born.

How it works

Value for Innovation is a program that can be accessed after an evaluation of interests by Syde Srl. It is possible that Syde expresses its interests already at the time of the first contact request, information or offers, depending on what considers the idea to be strategically interesting and in line with its goals.

In the event of a positive evaluation, Syde estimates the activities to be carried out and suggests including the project in the Value for Innovation program. The proposal consists in a co-financing of Syde to the project in a variable amount from 30% to 60% of the estimated amount, in exchange for future royalties or company shares. The technical details of the consideration, royalties or quotas, will be determined from time to time depending on the situation and project.

In addition to this, if the project is considered in line with the general guidelines, it can subsequently be evaluated for the investment programs of LDV 2.0 S.r.l. in start-up, both before and during the project or at the end of the same. In the event of a positive relationship with LDV 2.0 Srl, part of the Syde contribution may be included in the activities of LDV 2.0.

To whom it is addressed

Value for Innovation is a program for everyone. However, the ideal user of the program is represented by the MMSs or by the natural persons who face a project for the development of a new product. The latter is characterized by being substantially different from their current activity or product sector.

It is also necessary that this project is not limited to the simple making of the new product, but includes an integrated activity of creating a new company model.