{"id":30704,"date":"2019-01-25T17:55:11","date_gmt":"2019-01-25T16:55:11","guid":{"rendered":"https:\/\/diyandgarden.com\/?p=30704"},"modified":"2019-01-25T18:10:17","modified_gmt":"2019-01-25T17:10:17","slug":"fitt-research-financing-from-the-ministry-of-economic-development","status":"publish","type":"post","link":"https:\/\/new2.diyandgarden.com\/en\/production\/fitt-research-financing-from-the-ministry-of-economic-development\/","title":{"rendered":"FITT, research financing from the Ministry of Economic Development"},"content":{"rendered":"<p>With the\u00a0<strong>project \u201cNew generation \u2018100% Made in Italy\u2019 of functional products for the transportation of fluids\u00a0<\/strong>in EU and non-EU Garden, Building and Industrial sectors\u201d, FITT has received <strong>10 million euros funding <\/strong>from the Italian Ministry of Economic Development.<\/p>\n<p>The financing is part of the tender Major Projects &#8211; Revolving Fund to Support Companies and research investments &#8211; sustainable Industry project. The FITT project was developed within FITT&#8217;s Innovation &amp; Technology department, a structure created in just two years and that today employs a staff of over 40.<\/p>\n<p>The\u00a0<strong>objectives<\/strong>\u00a0it intends to accomplish are: the coupling of materials for the purpose of <strong>product mult-functionality<\/strong>; the creation of new materials to enable\u00a0<strong>savings in raw materials<\/strong>; and the\u00a0<strong>development of complete systems<\/strong>\u00a0to simplify application in B2B environments and monitor performance.\u00a0These objectives are in line with the company&#8217;s development drivers, which are <strong>eco sustainability, water saving and the central role of the final user.<\/strong><\/p>\n<p>Alessandro Mezzalira, CEO for FITT, commented that,\u00a0\u201cThis important financing is recognition of FITT\u2019s capacity to develop innovative product-oriented projects and to have demonstrated its ability to observe and anticipate the market, creating products that have no competitors in a strict sense and that require test protocols created especially for the absolute novelty they represent.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>With the\u00a0project \u201cNew generation \u2018100% Made in Italy\u2019 of functional products for the transportation of fluids\u00a0in EU and non-EU Garden, Building and Industrial sectors\u201d, FITT has received 10 million euros funding from the Italian Ministry of Economic Development. 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&quot;Communication&quot;","block_context":{"text":"Communication","link":"https:\/\/new2.diyandgarden.com\/en\/communication\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/new2.diyandgarden.com\/wp-content\/uploads\/2019\/01\/LM-Tiburtina.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/new2.diyandgarden.com\/wp-content\/uploads\/2019\/01\/LM-Tiburtina.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/new2.diyandgarden.com\/wp-content\/uploads\/2019\/01\/LM-Tiburtina.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/new2.diyandgarden.com\/wp-content\/uploads\/2019\/01\/LM-Tiburtina.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":69521,"url":"https:\/\/new2.diyandgarden.com\/en\/retail\/bigmat-italy-closes-2023-with-240-stores\/","url_meta":{"origin":30704,"position":3},"title":"BigMat Italy closes 2023 with 240 stores","author":"Redazione","date":"22 December 2023","format":false,"excerpt":"And 156 members. This is the Group's balance sheet, in Italy, strengthened by seven new members in the past six months. 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