Nice spa and venture incubator Digital Magics sign coinvestment agreement

Nice spa, one of the major international companies specialized in home automation and lighting systems under FontanaArte brand, and Digital Magics, a certified venture incubator of digital innovative startups listed on the Aim Italia of Italian Stock Exchange, have announced the signing of a three-year agreement that entails common investment activities targeted to startups operating in the IOt area (Internet of Things) (download here the press release).

Nice and Digital Magics are jointly developing an Open Innovation Advisory program entailing a systemic scouting activity with the objective of investing in the best initiatives – startups, research projects, patents, digital technology and innovation – in the Home Automation area with a specific focus on some Smart Home & Building segments (remote control, heating, lighting and anti-intrusion systems).
Nice SpA also enters the Digital Magics Angel Network made up by over 100 private investors, institutional funds and industrial partners including Atlante Seed (Gruppo Intesa Sanpaolo), Banca Sella, Tamburi Investment Partners, Gruppo RCS, Gate14 Group, Gruppo Uvet and UniCredit. The agreement has been strenghtened by Nice spa buying a stake in Digital Magics’ capital.as most of other members of DIgital Magics Angel Network.