REGIONE LOMBARDIA AND NEVA SGR: €40 MILLION
FOR LOMBARDY-BASED CLEANTECH START-UPS AND SCALE-UPS COMMITTED TO DECARBONISATION
- Regione Lombardia has invested €20 million from the regional programme Lombardia ERDF 2021–2027 in the Neva II - Parallelo Lombardia Fund as part of the Lombardia Venture STEP initiative, managed by Finlombarda.
- Neva SGR commits to contributing an additional €20 million through its Neva II and Neva II Italia funds and to promoting the Neva II - Parallelo Lombardia Fund through the launch of a Call for Cleantech Startups Lombardia to select investments.
- Mario Costantini: “We bring our experience in assessing highly innovative and promising start-ups and scale-ups at both national and international level, as well as in managing venture capital funds, which are essential tools for the growth of young companies with significant potential.”
Turin - Milan, 6 March 2026 – Neva SGR, the venture capital company of the Intesa Sanpaolo Group wholly owned by Intesa Sanpaolo Innovation Center, has been admitted and selected by Regione Lombardia among several national venture capital operators through a public selection procedure based on a ranking, within the framework of the Lombardia Venture STEP.
Funded with resources from the Regional Programme of the European Regional Development Fund (ERDF) 2021–2027 and managed by Finlombarda, Lombardia Venture STEP promotes access to risk capital for innovative companies based in Lombardy, particularly start-ups and scale-ups, in order to foster the development of critical technologies and cutting-edge innovations that are essential for the European Union’s security, economy and strategic autonomy, helping to reduce external dependencies.
Neva SGR has structured a fund parallel to its Neva II and Neva II Italia funds, named Neva II - Parallelo Lombardia Fund, in which Regione Lombardia has invested €20 million – subscribing the entire share capital – to support equity investments in Lombardy-based cleantech start-ups and scale-ups that develop technologies for decarbonisation, environmental impact reduction and improved energy efficiency, in line with Action 2.9.2 of the Regional Programme Lombardia ERDF 2021–2027.
Neva SGR commits to contributing a further €20 million through its Neva II and Neva II Italia funds and to promoting the Neva II - Parallelo Lombardia Fund through the launch of the Call for Cleantech Startups Lombardia. The objective is to reach as many candidate companies as possible among cleantech start-ups and scale-ups that have their registered office and at least one stable operational site in Lombardy, generate economic benefits for the regional territory for at least five years and have a technology readiness level (TRL) – that is, a measure of the maturity of the technology – equal to or greater than 6 out of 9. Companies willing to relocate their registered office and at least one operational site to Lombardy before the investment may also be eligible candidates. Applications for the Call for Cleantech Startups Lombardia must be submitted by the end of April to cleantech@nevasgr.com.
“We are very pleased to have been selected by Regione Lombardia to support the development of clean technologies for decarbonisation in Lombardy,” – said Mario Costantini, CEO and General Manager of Neva SGR. “We are making our experience available in assessing highly innovative and promising start-ups and scale-ups at both national and international level and in managing venture capital funds, which are essential tools for the growth of young companies with significant potential.”
Neva SGR
Neva SGR, part of the Intesa Sanpaolo Group and wholly owned by Intesa Sanpaolo Innovation Center, designs and manages investment funds for professional investors interested in the diversification and high-return opportunities offered by venture capital investments. Neva SGR can rely on the strength, financial resources, know-how and network of relationships of Intesa Sanpaolo Innovation Center and the Intesa Sanpaolo Group, a unique source of value in the market. Neva SGR is therefore able to follow trends and markets from a privileged vantage point and acts with the strength and responsibility of Italy’s leading banking group.
Neva SGR represents the perfect combination of the strength, reputation and stability of the Intesa Sanpaolo Group with the best practices of international venture capital firms. Neva SGR aims to contribute to the growth of the Italian economy through investments in new technologies and to act as a market maker for the venture capital asset class in Italy.
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Last updated 6 March 2026 at 10:55