The Work Index by Flexa

Digital Magics S.p.A.

Digital Magics S.p.A. is a publicly traded Italian business incubator that focuses on supporting innovative startups.

https://www.digitalmagics.com/en/
4.7

/10

Transparency ranking

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Description

Digital Magics S.p.A. was a publicly traded Italian business incubator and accelerator focused on supporting innovative digital startups. They were recognized as the leading incubator and accelerator in Italy by Dealroom, a testament to their success in nurturing and developing high-growth potential companies. Digital Magics had a portfolio of over 145 startups, with a combined portfolio value exceeding €42 million, and actively managed 6 acceleration programs across various verticals.

Digital Magics ceased operations on April 1, 2024, following a merger with LVenture Group, which resulted in the formation of Zest S.p.A. This merger created a leading force in the Italian startup ecosystem, combining Digital Magics' expertise in incubation and acceleration with LVenture Group's investment capabilities. The legacy of Digital Magics continues to be reflected in the work of Zest.

Mission

Digital Magics is a publicly traded business incubator and accelerator that supports innovative startups in Italy. They strive to be a leading player in the innovation ecosystem, fostering growth by investing in promising startups, providing mentorship and resources, and connecting them with key industry players. Their mission is to empower startups to scale their businesses and create positive social and environmental impacts, contributing to a more sustainable future.

Disruptor
Environmental impact driven
Social impact led
Sustainability
Tech for good

Culture

Digital Magics promotes a culture of collaboration, innovation, and growth. They emphasize teamwork by highlighting the collective achievements of their team and the importance of working together to achieve success. They also celebrate and encourage innovation by focusing on supporting and accelerating digital startups, fostering a dynamic environment where new ideas can thrive. This focus on growth is reflected in their commitment to expanding their portfolio of startups and scaling them for international success.

DE&I

Digital Magics demonstrates a commitment to promoting diversity, equity, and inclusion through its focus on ESG (environmental, social, and governance) principles. They actively underline their commitment to ESG topics, making them an integral part of their business model and management. Digital Magics' belief in sustainability, digital transformation, and human capital highlights their dedication to creating a diverse and inclusive environment for their employees, partners, and portfolio companies.

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