Italy Meets the United States of America Fernando Napolitano Italian Business & Investment Initiative, CEO New York, 14th February, 2017 In collaboration with
The Italian Business & Investment Initiative --IB&II-- founded in New York in 2011 Mission (1) Position Italy in the high-end NY business community to increase business exchanges IB&II runs 3 programs coherent with its mission (results on pg. 4) 1. BEST Scholarship 2. One week accelerator program in New York 3. Italy Meets the United States of America 2
IB&II, and the Council on Foreign Relations in New York (www.cfr.org) Founded in 1921, the Council on Foreign Relations (CFR) is an independent, nonpartisan membership organization, think tank, and publisher The Corporate Program serves an international membership of about two hundred leading global corporations IB&II encourages Italian Companies to join the with the CFR s Corporate Program ü To enhance their understanding on global matters that are critical to their strategies ü To enhance the understanding/appreciation of Italy as a strategic partner 3
IB&II Programs kicked off in 2011 Program Results Scalability 1 BEST in coop: Usa Emb, Fulbright, Invitalia, Fondazione CRT 80 winners, 37 start-up created in Italy, 330 new jobs, US $ 50 mln attracted to Italy AY 2017-18 tender by Fulbright issued in Nov 2016 Goal: 300 year 2 1 W Acc. Program start up New York 12 sessions since 2011, 300 start-up participated Oct 23-26 2016, New York May 2017, New York 4 Desks at Silicon Alley in NY To market validate Italian start-ups 3 Summit Italy Meets the United States of America 1. Feb 11 2013, New York 2. Feb 28 2014, New York 3. Feb 10 2015, New York 4. Feb 23 2016, New York 5. Nov 18 2016, Florence 6. Feb 14, 2017, New York 7. October 2017, Milan The Location to learn, network, promote business - Industries - Italian Regions 4
Introducing the IRG (Influence,, Relevance & Growth) Index 5
Articulating Influence on a score of 1 to 3 Country Influence Index Influence PRELIMINARY Driver KPI Driver KPI 1.Political Governance Governance body participation (UN seat, EU) Driving presence in institutional committees 6.Thought Leadership University ranking, academic mentions Think tanks and knowledge networks 2.Industrial Leadership Industry associations presence (WTO, NAFTA) Global leadership in relevant sectors 7.Social Responsibility Leadership in global NGOs (UNICEF, ) Humanitarian cooperation programs role 3.Financial Influence Influence on monetary policy (USD, EUR, ) Presence in the global financial community 8.Media power Production of global contents Control of media & digital channels 4.Military Power Military, Space, Homeland Security Spending Role in Military organizations (NATO, ) 9.Innovation Excellence Recognized Research centers, patents, Control of big data and standards/sw 5.World Citizenship Ambassador network and impact Citizens sitting in relevant Boards 10.Human Capital Quality of public and private management Borderless Talents and Guru recognition 6
Articulating Relevance on a score on 1 to 3 Economic Relevance Index Relevance PRELIMINARY Driver KPI Driver KPI 1.Local Market Potential Demographic structure Household Spending and Net Wealth 6.Energy Sustainability Fossil reserves (oil, gas, carbon) & nuclear Renewables (hydro, water, wind, solar) 2.Business Ecosystem Industry output & value added Government spending 7.Logistics Advantage Logistics geo-positioning advantage Logistics infrastructure and services 3.Labor Productivity Labor cost Education level 8.Access to Finance Access to debt (Bank, Public finance, ) Access to equity (FDI, Stock exchange, ) 4.Technology Leverage IT and R&D investments Digital and broadband readiness 9.Bureocracy Burden Public Sector efficiency and e-government Regulation and Justice effectiveness 5.Living Wellness Civic sense and rights Welfare Satisfaction 10.Tax Competitiveness Personal and labor welfare taxation Corporate taxation 7
Singapore: an Influential Country Singapore: Influence 24 points Population 5.7 million Human Capital Political Governanca 3 2.5 2 Industrial leaderhip 2015 GDP Official Exchange Rate US$296.6 billion Innovation Excellence 1.5 1 0.5 0 Fiancial influence GDP Real Growth Rate 1.7% (2016) 2.0% (2015) Media power Military Power Unemployment 2.0% (2016) Social responsibility Thought leadership World citizenship Taxes 18% of GDP Export $ 353 bn Import $ 271 bn (2016) Source: CIA Fact Book, IMF, IB&II Analysis Industries: electronics, chemicals, financial services, oil drilling equipment, petroleum refining, rubber processing and rubber products, processed food and beverages, ship repair, offshore platform construction, life sciences, entrepot trade 8
Singapore: a Relevant Country Singapore: Relevance 28 Local market potential 3 Tax competitiveness 2.5 Business Eco System 2 1.5 Bereaucracy Burden 1 Labor productivity 0.5 0 Access to finance Technology Leverage Logisitics advantage Living wellness Energy sustainability Source: CIA Fact Book, IMF, IB&II Analysis 9