Welcome to Audaces

Audaces is a private community of accredited investors, focused on investing in social business opportunities worldwide.
To apply for access, please follow the registration process and make sure you meet our accreditation criteria.

Register now

Impact Investing to Scale Social Innovation in Italy


Bocconi School of Management, in partnership with Audaces, analyses the impact investing landscape in Italy. The article highlights the opportunity of impact investing to both partially cover  social expenditure to mitigate the burden on the State and   to sustain the economic and social growth of a mature country like Italy, whose development is deeply linked to innovation and where Impact Investing can play a relevant role to generate and scale social innovation.

It is argued that impact investing might be seen as a societal refocus of venture capital, to sustain the generation of social innovation, as venture capital typically has done for technological innovation. Authors highlight the need to build the impact investing market and  infrastructure. In particular, from the supply side, Italian investors may requiere hands-on support from experts in social impact investing to step in and forge the market.