Italy's Eni sets up vehicle to support innovative technologies

MILAN – Eni has arrange a brand new firm known as Eniverse Ventures that can assist develop new applied sciences within the power transition sector, the Italian firm mentioned on Monday.

The brand new firm will assist Eni’s personal initiatives and in addition be open to collaboration with exterior companions together with startups, technological corporations and universities.

The corporate, which is able to deal with applied sciences that would attain the market in lower than three years, has already begun a screening means of over 130 proprietary applied sciences, Eni mentioned in an announcement.

The creation of Eniverse is a part of Eni’s technique based mostly on growing devoted entities which might be in a position to independently entry capital markets.

“Eniverse will deal with market incubation for these applied sciences that haven't but reached ample ranges of maturity, on market validation by way of interactions with the market, and on enterprise constructing, organising new ventures and supporting them within the scale up section,” Eni mentioned.

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