ProMarket 11 Recommends Financial Advisor with AI, Yet It Gets No Interest from Italian Financial Services. Why R. Abravanel Is Wrong and Why No Italian Google Exists

Abstract

This discussion paper presents some general insights on the Italian technology transfer environment that the author has gained founding ProMarket 11, an Italian innovative startup, five years ago. During that period, ProMarket 11 has contacted several financial service institutions in Italy, all claiming to have internal R\&D centres or being startup friendly or being open innovation organizations, for setting up a pilot project to test the technology. The answers received are worth thinking about. The paper also proposes that no Italian Google (or other Italian multinational internet companies) exists because of the peculariaty of the Italian tech transfer environment. Finally the paper proposes how the Italian tech transfer environment could be radically changed by presenting an opposite view to that by Abravanel.