Agritech, the new investment vehicle of the Italian Fund
Collection target of 700 million euros
The Board of Directors of Italian investment fund SGR, chaired by Andrea Montanino and led by the CEO Antonio Pace, presented the progress of a new fund called “Agritech & Food”, entirely dedicated to the Italian agri-food sector. The vehicle, with a target size of 700 million euros, aims to provide capital for growth in the medium to long term in order to make the agri-food chain larger, more technological and more resilient.
The Fund provides a strategic focus on the most advanced segments with the greatest development potential such as precision farming, seeds, green chemicals for agriculture, technologies for the production of bio-energy, agricultural products and related industrial transformation processes, e-commerce of agricultural products. Thanks to the new Agritech & Food fund, Fondo Italiano will be able to actively contribute to the achievement of some Sustainable Development Goals ("SDGs") identified by the UN, including, in particular, number 8, relating to "Good employment and economic growth", number 9 relating to "Businesses, innovation and infrastructures" and number 12 relating to "Responsible consumption and production".
EFA News - European Food Agency