{"id":15483,"date":"2017-08-01T17:49:56","date_gmt":"2017-08-01T15:49:56","guid":{"rendered":"http:\/\/socialfare.org\/?p=15483\/"},"modified":"2017-08-01T17:49:56","modified_gmt":"2017-08-01T15:49:56","slug":"nesta-as-an-innovation-move-for-turin-italy","status":"publish","type":"post","link":"https:\/\/socialfare.org\/en\/nesta-as-an-innovation-move-for-turin-italy\/","title":{"rendered":"Nesta as an innovation move for Turin, Italy"},"content":{"rendered":"<p>A few months back we wrote about the ongoing negotiations between\u00a0<a class=\"color_business\" href=\"http:\/\/www.nesta.org.uk\/\">Nesta<\/a>, the UK\u2019s innovation foundation, and the [Italian Foundation]\u00a0<a class=\"color_business\" href=\"http:\/\/www.compagniadisanpaolo.it\/eng\">Compagnia di San Paolo<\/a>\u00a0to set up a Nesta Italia in Turin. These negotiations have now finished and the results were\u00a0<strong><a class=\"color_business\" href=\"http:\/\/torino.repubblica.it\/cronaca\/2017\/07\/29\/news\/_vogliamo_fare_di_torino_una_delle_capitali_dell_innovazione_nesta_e_la_mossa_giusta_-171894834\/\">announced today<\/a><\/strong>\u00a0in La Repubblica newspaper. Here is our translation:<\/p>\n<p><strong>\u201cWe want to make Turin one of the capitals of innovation, Nesta is the right move\u201d<\/strong><br \/>\nMr. Profumo explains the landing of the English foundation in Turin<\/p>\n<p>\u201cWe want to make Turin the southern Europe\u2019s capital in social innovation and in social finance,\u201d says\u00a0<strong>Francesco Profumo<\/strong>, President of the Compagnia di San Paolo. The foundation had set this goal in its 2020 strategic guidelines and has now moved to action by bringing the Nesta Foundation to Turin. Nesta is a UK institution founded in 1998 thanks to the country\u2019s lottery funds and specialised in innovative philanthropy. It will set up a twin (but independent) foundation called Nesta Italia, based in the Piedmont capital. Nesta Italia will be operational by this autumn and will work in close contact with the London offices.<\/p>\n<p>\u201cWe will carry out several projects to address particular social issues. We will deal with art, education, health and the ageing of the population,\u201d says\u00a0<strong>Marco Zappalorto<\/strong>\u00a0(pictured), future director of the new Turin foundation. During the last five years Nesta UK has carried out around 100 projects a year, leveraging an annual budget of about \u00a330 million. For example, it has created a student challenge to invent a way to exploit satellite data to create benefits for society; it has launched a prize to develop new technologies that include disabled people; and it has helped ten hospitals to create volunteer teams, measuring the positive impact their use has on patients\u2019 health.<\/p>\n<p>Above all, Nesta\u2019s strength lies in its ability to envision new support mechanisms: \u201cTheir reality is complementary to that of the Compagnia di San Paolo. We have thousands of projects each year, which we mostly handle in a traditional manner. They have different skill sets, which will help us improve,\u201d says Profumo. Therefore, in the future, there will be less block grant contributions while other types of support will grow. For example, support might start with an initial contribution which can then be transformed into to a loan or an equity participation. Besidess, Profumo highlights, \u201cNesta Italia will be able to leverage an already well-developed Turin ecosystem that counts on realities such as\u00a0<a class=\"color_business\" href=\"http:\/\/rinascimentisociali.org\/home-eng\/\">Social Renaissance\u00a0<\/a>and\u00a0<a class=\"color_business\" href=\"http:\/\/openincet.it\/en\/\">Open Incet<\/a>.\u201d [<a href=\"http:\/\/blog.experientia.com\/nesta-innovation-move-turin-italy\/\" target=\"_blank\" rel=\"noopener\">Read more<\/a>]<\/p>\n<p>From blog <a href=\"http:\/\/blog.experientia.com\/\" target=\"_blank\" rel=\"noopener\">Putting people first<\/a> by Experientia<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A few months back we wrote about the ongoing negotiations between\u00a0Nesta, the UK\u2019s innovation foundation, and the [Italian Foundation]\u00a0Compagnia di San Paolo\u00a0to set up a Nesta Italia in Turin. These negotiations have now finished and the results were\u00a0announced today\u00a0in La Repubblica newspaper. Here is our translation: \u201cWe want to make Turin one of the capitals [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":15480,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[],"tags":[],"class_list":["post-15483","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Nesta as an innovation move for Turin, Italy - SocialFare<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/socialfare.org\/en\/nesta-as-an-innovation-move-for-turin-italy\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nesta as an innovation move for Turin, Italy - SocialFare\" \/>\n<meta property=\"og:description\" content=\"A few months back we wrote about the ongoing negotiations between\u00a0Nesta, the UK\u2019s innovation foundation, and the [Italian Foundation]\u00a0Compagnia di San Paolo\u00a0to set up a Nesta Italia in Turin. These negotiations have now finished and the results were\u00a0announced today\u00a0in La Repubblica newspaper. Here is our translation: \u201cWe want to make Turin one of the capitals [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/socialfare.org\/en\/nesta-as-an-innovation-move-for-turin-italy\/\" \/>\n<meta property=\"og:site_name\" content=\"SocialFare\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/socialfaretorino\" \/>\n<meta property=\"article:published_time\" content=\"2017-08-01T15:49:56+00:00\" \/>\n<meta name=\"author\" content=\"SocialFare\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"SocialFare\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/socialfare.org\\\/en\\\/nesta-as-an-innovation-move-for-turin-italy\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/socialfare.org\\\/en\\\/nesta-as-an-innovation-move-for-turin-italy\\\/\"},\"author\":{\"name\":\"SocialFare\",\"@id\":\"https:\\\/\\\/socialfare.org\\\/en\\\/#\\\/schema\\\/person\\\/58885b332d3b9bd8203ee283bf32c97b\"},\"headline\":\"Nesta as an innovation move for Turin, Italy\",\"datePublished\":\"2017-08-01T15:49:56+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/socialfare.org\\\/en\\\/nesta-as-an-innovation-move-for-turin-italy\\\/\"},\"wordCount\":429,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/socialfare.org\\\/en\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/socialfare.org\\\/en\\\/nesta-as-an-innovation-move-for-turin-italy\\\/#primaryimage\"},\"thumbnailUrl\":\"\",\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/socialfare.org\\\/en\\\/nesta-as-an-innovation-move-for-turin-italy\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/socialfare.org\\\/en\\\/nesta-as-an-innovation-move-for-turin-italy\\\/\",\"url\":\"https:\\\/\\\/socialfare.org\\\/en\\\/nesta-as-an-innovation-move-for-turin-italy\\\/\",\"name\":\"Nesta as an innovation move for Turin, Italy - SocialFare\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/socialfare.org\\\/en\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/socialfare.org\\\/en\\\/nesta-as-an-innovation-move-for-turin-italy\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/socialfare.org\\\/en\\\/nesta-as-an-innovation-move-for-turin-italy\\\/#primaryimage\"},\"thumbnailUrl\":\"\",\"datePublished\":\"2017-08-01T15:49:56+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/socialfare.org\\\/en\\\/nesta-as-an-innovation-move-for-turin-italy\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/socialfare.org\\\/en\\\/nesta-as-an-innovation-move-for-turin-italy\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/socialfare.org\\\/en\\\/nesta-as-an-innovation-move-for-turin-italy\\\/#primaryimage\",\"url\":\"\",\"contentUrl\":\"\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/socialfare.org\\\/en\\\/nesta-as-an-innovation-move-for-turin-italy\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"&lt; 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