Milano Hub

Milano Hub is the innovation centre created by the Bank of Italy to support the digital evolution of the financial market and encourage the attraction of talent and investments.

Milano Hub engages innovators in a place, physical and virtual, in which the Bank of Italy - while respecting its institutional role - through a series of consulting services, mentorship, and educational components to financial intermediaries, startups, and research centres aims at accelerating the development of projects and at promoting the quality and safety of specific innovations.

Milano Hub supports the development of innovative projects and research activities; it complements the Bank of Italy's Fintech Channel, a space for dialogue with operators, and the Regulatory Sandbox, dedicated to supervisory-assisted experimentation activities.

The Bank of Italy's Innovation Facilitators.

Objectives

Milano Hub aims to achieve the following objectives:

• to support the early adoption of digital technologies by the financial market;
• to facilitate the adoption of solutions able to control the different types of risk effectively;
• to strengthen the capacity of intermediaries to respond to the challenges of the digitalization.

Activities

In order to maintain a constant dialogue with market operators, Milano Hub works via its 'Call for Proposals' relating to different areas of innovation. The projects selected will receive developmental support through:

• technical expertise in banking, finance and insurance and in specific areas, for example IT and regulation (for the latter, exclusively with regard to secondary acts adopted by the Bank of Italy and the primary legislation of which these sources constitute implementation)
• organization of seminars, events, conferences with representatives from the projects, institutions and the academic world.

The Bank of Italy will not provide any form of financial assistance or any contribution to the acquisition of goods or services or support the projects in terms of promotional initiatives or marketing activities.

Ongoing

Third Call for Proposals:

• On 20 February 2025, a kick-off meeting took place at Milano Hub to launch the support phase of the selected projects.
• The list of selected projects was published on 29 November 2024. For more details on the projects see Selected projects - Description.
• The evaluation panel in charge of selecting the projects has been appointed.
• On 24 July 2024, the application window was closed (see Infographics).
• On 5 June 2024, Milano Hub launched the third Call for Proposals and published the Call for Proposals' Rules and Provisions.

For further information on the work of the Hub, please see the FAQs section or email us to: info@milanohub.bancaditalia.it.

In contacting Milano Hub, interested parties acknowledge and accept the following privacy policy.

'Milano Hub' innovation centre is located in Milan, in Viale Brenta 18.