Fintech Tycoon’s Startup Platform Merges With Milan Tech Hubs

A nonprofit foundation backed by Italian billionaire Andrea Pignataro is merging with the tech incubators of Milan’s leading universities in a bid to boost early-stage investment in the country.

Tech Europe Foundation is combining with the Politecnico di Milano’s tech incubator, Bocconi University’s venture capital fund and its entrepreneurial hub, bringing together more than 70 startups, according to a statement seen by Bloomberg News.