Great Product Ventures, Inc. Announces the opening of its European headquarters at MIND, Milano Innovation District, to strenghten its mission of supporting EU companies internationalization in the US market
Cambridge, MA, United States and Milano, Italy, December 2022 /EIN Newswire/— Great Product Ventures, a venture development firm that stages European companies for successful funding and commercialization in the United States, announces the opening of its European headquarters at the newly developed Milano Innovation District (MIND), a $4 billion innovation district in the northern Italian city of Milan, which is considered to have the biggest startup ecosystem in the country. The offices are part of a space shared with Bio4dreams, a leading Italian incubator fully dedicated to very early-stage innovative startups in Life Sciences and GPV’s strategic partner in Italy and Europe. This is a key step in Great Product’s growth roadmap, supporting European companies to internationalize their business in North America.
MIND Milano Innovation District is the new Italian centre of scientific excellence and district of the city. MIND is a partnership between Arexpo, an amalgam of different Italian public entities, and Australian based multinational real estate company Lendlease. In total, Mind has an estimated value of €4bn with private and public sector investments has two main pillars of interest: the future of health and the city of the future. The district counts US pharmaceutical giant AstraZeneca, Switzerland-based multinational ABB, South Korea-based Samsung and Germany-based E.ON among its private collaborators. Last Febru-ary, the University of California, Berkeley’s accelerator SkyDeck announced the location for its Europe-focused fund, SkyDeck Europe, at Mind.
“We’re absolutely thrilled to open a physical space in Europe. We’ve seen tremendous growth in the quality and quantity of European companies that want to internationalise in the US market each year. Now, we can be a little closer to their homes,” said Jon Ramaci, Great Product’s CEO. “It’s the best of both worlds as companies get the opportunity to leverage the network and resources of Great Product to commercialize their products in the US, without necessarily committing to picking up and moving across the world.
“Great Product is a U.S. venture development firm with a unique business model to build, fund and grow European companies in North America. Now, with an established presence in Milan, Great Product can expand its mission by helping European companies grow and succeed in the US market, providing them access to vast network of retailers, qualified investors, and Fortune 500 companies.