The creation of a new Corporate Venture Building vehicle is part of Eni's new business model and completes the framework of levers to promote and enhance technological innovation
Eni announces the creation of Eniverse Ventures (Eniverse), a 100% Eni Corporate Venture Builder, dedicated to the identification, birth and development of innovative and high-tech business initiatives that explore new markets, promoting Just Transition and creating value with a short and medium term horizon. Proprietary technologies and innovation represent an important competitive business lever for Eni and are a fundamental pillar of its strategic transformation, with the aim of achieving carbon neutrality by 2050, according to the principles of the United Nations 2030 Agenda and the objectives of the Paris Agreement on climate.
Eniverse represents a further piece of Eni's distinctive approach based on the creation of new business models, which are realized through dedicated entities focused on customers and on the ability to independently access capital markets to accelerate the transformation of businesses towards the net. zero. Eniverse will be led as President by Giacomo Silvestri, who commented: "With Eniverse, Eni is among the first companies in the energy sector to launch a vehicle for the enhancement of its wealth of technologies and talents, or the pillars of innovation on which the company has always invested and on which it leverages to successfully face the challenge of the energy transition. "
Eniverse combines research and internal skills, experience in business development and external entrepreneurship in order to enhance in the short and medium term technological assets, its own or third parties, with high potential, focusing on technologies with a marketing path of less than 3 years. In detail, Eniverse will deal with market incubation for those technologies that have not yet reached adequate levels of maturity; market validation, through interactions with the market; business building, setting up new ventures and supporting them in the scale up phase.
Eniverse makes use of the skills acquired by Eni in many engineering and scientific sectors and will allow the enhancement of a portfolio of innovations and proprietary technologies also through networks of collaborations with external realities such as startups and technology companies, universities and alliances with strategic partners: today it is A screening was carried out on over 130 proprietary technologies, among which those with the highest market potential, eligible for business creation, will be identified.
This approach is an essential aspect of Eni's strategy that enhances the internal ecosystem and promotes and integrates innovation into all business processes. In this path, Eniverse joins Joule, Eni's School for Business that supports the growth of innovative and sustainable startups, and Eni Next, the company that invests in startups with high potential for the creation of game-changer technologies for energy transition.