(Finance) – The Minister of Enterprise and Made in ItalyAdolfo Urso, authorized the stipulation of the Agreement for innovation “Arrowhead Tools – Arrowhead II”, for the development of new IT tools useful for performing specific functions in the smart city and energy sectors, to be implemented in the cities of Catania, Agrate (MB), Amaro (UD), Turin and Bologna.
The project was presented by the company STMicroelectronicsas leadin collaboration with EurotechSanter Reply, Turin Polytechnic and National Inter-University Consortium for Nanoelectronics.
The project was selected by the EU within the ECSEL JU 2018 call, (Electronics Components and Systems for European Leadership), which represents the cornerstone of the European industrial strategy in the field of electronics.
The agreement provides for a total investment of over 18 million euros for which the Ministry of Enterprise and Made in Italy makes 5,832,869 euros available. The Lombardy, Friuli Venezia Giulia, Emilia Romagna and Sicily regions will participate economically for a total amount of approximately 380,000 euros. The deal will be managed by Mediocredito Centrale on behalf of the Ministry.