Navacchio Technology Centre

The Navacchio Technology Centre, the Pisa-based incubator, will soon be operational. The premises will be able to accommodate around 60 start-up companies, 20 of which are already active and generating revenues. A further 40 high-technology businesses will be selected at the end of the year by an ad hoc committee made up of entrepreneurs, university lecturers, business consultants and bankers.

Two public bodies, the Municipality of Cascina, which holds a 60% stake in the centre, and the Province of Pisa, which holds 40%, have recently instigated an increase in capital for the Navacchio incubator. The first phase of the project was carried out in 1999, when an initial investment was made.

The Navacchio Centre’s business model consists of obtaining revenues from renting venues and selling consultancy services to businesses. The consultancy services range from technical and management assistance to compiling business plans. The businesses that are included in the centre must pay a sum equal to 50% of their costs and around 10% of their revenues in the first two years.

The centre expects to reach breakeven in 2002 and to make its first profits in 2003. Navacchio Valley is made up of businesses operating in the biomedical, microelectronics, IT, telematics, energy and environment sectors, as well as high-technology furnishings.

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• Southern Europe