e-Novia as a model of open innovation together with STMicroelectronics and Streparava

e-Novia as a model of open innovation together with STMicroelectronics and Streparava

e-Novia as a model of open innovation together with STMicroelectronics and Streparava

e-Novia as a model of open innovation together with STMicroelectronics and Streparava

e-Novia as a model of open innovation together with STMicroelectronics and Streparava

The opportunities for open innovation in Italy are numerous but not yet fully explored. However, there are some models of effective and efficient cooperation between established companies, innovative early-stage companies and research centres, which are also “setting the pace” abroad. The financial and strategic-industrial partnership between e-Novia and STMicroelectronics, for example.

 

The agreement, which is framed by the technological areas that the Enterprises Factory and the Italian-French sensor giant operate in (Augmented Human and Life Augmented), involves STMicroelectronics subscribing to a share of the €21 million convertible bond launched by e-Novia in 2020, as well as specific industrial collaboration.

 

The watchword? “Cross-fertilisation”. As Vincenzo Russi stated in an article in Corriere Innovazione: «We work with different deep technologies in sensors, actuators and control systems. STMicroelectronics is the leading global player in this field and the interaction is crucial for us as it helps identify new products. In addition, our young engineers constantly need to deal with people who experience the product and the market».

 

«The semi-conductor industry survives on innovation and e-Novia is a perfect open innovation partner», confirmed Benedetto Vigna, President of STMicroelectronics, Analogue, MEMS and Sensors Group. «I’m used to frequenting innovation hubs, such as Silicon Valley or Taiwan. When I visited e-Novia for the first time two years ago, I breathed the same air».

 

The partnership foresees a cooperation between STMicroelectronics and some Enterprises of the e-Novia ecosystem: such as Huxelerate and its quantum-inspired platform, which amplifies the potential of ST’s sensors, and WAHU, the first wearable that adopts and develops entirely human-centred sensor technology.

 

 

Partnership is therefore one of the drivers for developing deep technology even more efficiently. On a financial level, the transaction paves the way for the future entry of STMicroelectronics into e-Novia’s share capital. Vincenzo Russi adds: «Benedetto Vigna is one of the members of our Investment Committee, which determines the allocation of resources within our young Enterprises: this seals our partnership».

 

The second open innovation model sees active collaboration between the Enterprises Factory and Streparava, a Brescia company specialising in the design and production of suspensions, powertrain components and automotive chassis.

 

The common goal is the development of technological solutions dedicated to “niche” electric mobility, such as professional vehicles for last mile deliveries, logistics, street cleaning and other advanced smart mobility solutions.

 

The first fruits of this partnership are twofold: the €2 million investment in e-Shock in 2020 by Streparava Group, already a shareholder in e-Novia (this investment will grow to €6 million in the next two years); and the development of Rob.Y, the digital chassis for autonomous driving, intended for light vehicles that will operate in urban, private and industrial environments.

 

«Together with e-Novia, we are developing solutions that respond to new mobility models, integrating the digital and smart world into the traditional vehicle», emphasises Paolo Streparava, managing director of the Streparava Group which, with six production plants in Italy, Spain, Brazil and India, employs around 1,000 people and has an annual turnover of over €200 million.

 

«The partnership between e-Novia and Streparava is a combination of technical, scientific, manufacturing and industrial expertise», continues Vincenzo Russi, «This means taking Italian manufacturing innovation to the highest international level (a goal we strongly believe in and one of the best goals to strive for). At e-Novia, we want to implement all the technology needed to digitise the mechanical and physical components for the vehicles of the near future. Our development model is that of the Factory, which transforms matter. But the most valuable material, for us, comes from the best Italian technical-scientific universities and research institutes, from the activities of research groups in the field of new-generation vehicles and artificial intelligence at the Politecnico di Milano and the University of Bergamo. In this process, we work by transforming intellectual property into products that integrate digital electronics with physics and vehicle mechanics. Within this framework, e-Shock is the innovative SME that has established its market recognition through technologies and applications for mobility and robotisation for two-, three- and four-wheel vehicles».