Retail Hub, 1 million capital increase. The goals of the accelerator
Retail Hub, the Italian vertical accelerator on startups and scaleups in the retail sector, has announced theat the end of a one million euro capital increase. It was signed by several managers and entrepreneurs including Antonio Procopio (CEO of Digital Hub), Gaetano Lopreste (CEO of Pragma Etimos), Dante D'Angelo (formerly Valentino's CDO), Michele Pagani (former HR Director Nestlé Group), Massimo Pappalardo ( Partner of Ughi e Nunziante Studio Legale), Lucia Fracassi (former CEO of Melegatti and Deborah Group), Mark Iuliano (former footballer) and Francesco Pinto (Chairman of the Board of Inticom). To date Retail Hub has already evaluated over 200 startups, the 70% of which active abroad and this thanks to its international network consisting of accelerators and innovation centers between Israel and the Silicon Valley.
Capital increase: the objectives
"There is no single place to find innovation and this also applies to the retail sector. We aim to facilitate the meeting between startups and scaleups that already have products on the market and corporates or companies looking for disruptive solutions to improve the business - he said Massimo Volpe, co-founder of Retail Hub, who recently opened his own coworking at the TAG in Milan -. If an innovative company in Seattle has an ideal technology or service for an Italian retail company, how can the match be activated? These are activities that require time and resources. We, on the other hand, thanks to continuous scouting and pre-screening work, insert all the most interesting realities in our network and propose them to companies ».
The company is hard at work for launch a digital platform by the summer capable of triggering a circle virtuous that facilitates the meeting between those who innovate and those looking for the best products, services and technologies ready on the market. Innovation Explorer, this is the name of the platform developed by the a London, is still in the beta phase, essential to educate the artificial intelligence that will soon find the right match between a demand and an offer of innovation in the retail sector. The platform is based on a proprietary algorithm and technologies that will carry out the entire startup and scaleup analysis process.
Retail Hub has decided to invest a large part of the € 1 million capital increase in the development and expansion of the team that will work on this product. By the summer, the Innovation Explorer platform will be launched and made available to the community of companies in the retail sector it looks to Retail Hub. From large-scale distribution to automotive, from the pharmaceutical sector to luxury, there are many players who will find in this ecosystem technologies and products suitable for scaling the business and starting virtuous digital transformation. From day one, every company or corporate that has made a subscription will be able to start their own research to find the most suitable startup to innovate.