Economy - published on 06 July 2023
Source: press office Presidency of the Chamber of Commerce of Treviso Belluno|Dolomites
Treviso, July 5, 2023 –DP Company, a Treviso-based start-up operating in the field of sustainable construction, has obtained a contribution of €1 million (€990,000), funded by the National Recovery and Resilience Plan (PNRR), thanks to a virtuous collaboration that saw the local economic-financial system-Prealpi SanBiagio Bank, the Chamber of Commerce of Treviso – Belluno | Dolomiti, the Veneto Garanzie Consortium and Fidi Impresa & Turismo Veneto-move together to support an innovative and sustainable idea. This has resulted in one of the very first cases in Veneto of private companies obtaining PNRR grants for projects related to the circular economy.
The project and its implementation were presented today at a press conference attended by Samuele Netto (Founder of DP Company), Alessandro Leganza (Technical Engineer of DP Company), Mario Pozza (President of the Chamber of Commerce of Treviso – Belluno | Dolomites), Francesco Piccin (Area Chief of Banca Prealpi SanBiagio), Giacomo Peraro (Deputy General Manager of Consorzio Veneto Garanzie) and Fabio Scardellato (Treviso Branch Manager of Fidi Impresa & Turismo Veneto).
In detail, Prealpi SanBiagio Bank financed the 990,000 euro PNRR grant as an advance, with the guarantee provided by Fidi Impresa & Turismo Veneto; Veneto Garanzie Consortium , on the other hand, guaranteed the financing needed for the start-up phase of the project.
The idea of producing insulation panels for the building industry using textile waste was born almost by chance, during a meeting with Dr. Luca Girotto in 2019,”- said Samuele Netto, Founder of DP Company. Thanks to the support provided by the economic-financial institutions of Treviso and Veneto, together with Banca Prealpi SanBiagio, today this project is practically a reality.
It is always a great pride – points out Mario Pozza, President of the Chamber of Commerce of Treviso – Belluno | Dolomites – to see the birth of a new company especially a start – up that from the early stages of its entrepreneurial journey has already won two major challenges. The innovative business idea, in a traditional sector and having identified a new form of financing, the PNRR call capable of supporting and accelerating business growth to realize a potential for innovation and change. The DP Company obtained the Fire Reaction certification according to the relevant European standards, in our CERT laboratory in Oderzo, and this shows the importance of certifying facilities in the territory for our companies.
And if, for every fledgling there is registration in the registry, for every new business there is registration in the business registry, in this case,” Pozza points out, “in the special section of innovative start-ups of the Chamber of Commerce, to encourage in the first five years, tax benefits for businesses oriented to young people and innovation. This means becoming part of an area’s economy, including with opportunities for calls, financing, investment incentives, widespread venture capital raising, support for internationalization and more. We will closely follow the DP Company that represents a true success story, confident that it will continue to surprise us with innovative ideas and make a significant difference toward new entrepreneurship.
Our Cooperative Credit Institute pays great attention to virtuous examples and the best instances of the territory, worthy of support – commented Francesco Piccin, Area Chief of Prealpi SanBiagio Bank – . DP Company represents an innovative reality, born from the idea of an entrepreneur already active in the sector, who has been able to combine construction and circular economy, pooling his skills, looking to the future, as the company has all the potential to bring positive spin-offs, especially,at the local level. These are all characteristics that are in line with our way of doing banking.We are therefore pleased to be able to make our contribution so that the project becomes a reality.
DP Company
The innovative start-up is the brainchild of Samuele Netto, entrepreneur and owner of Edil Color, a company that has been operating in the construction industry (building completion, thermo-acoustic insulation and coloring) since 1991. At the end of 2019, Netto decided to invest in the development of new products for thermo-acoustic insulation of buildings, founding DP Company with other partners and equipping it with the necessary resources to support research and development expenses.
DP Company devised a production system of sound-absorbing and/or heat-insulating building panels derived from the reuse and recycling of textile processing residues. In addition to being fire- and/or water-repellent, the panels can, in turn, be reused and recycled multiple times. In this way, the start-up company brings to life a process that is part of the circular economy, as the raw material needed to make the product-which would otherwise have to be disposed of in landfills-finds a new environmentally sustainable use.
The insulation and sound-absorbing panel and the manufacturing process are protected by a patent for industrial invention.
For business consulting activities, DP Company is assisted by Luca Girotto, a Certified Public Accountant and Auditor with the firm Veronese & Partners.
Project phases
In March 2022 DP Company applied for PNRR funds (under the Ministry of Environment and Energy Security – Circular Economy “flagship” projects ), receiving positive feedback in December. Also at the end of 2022, the start-up paid the down payment to the supplier for the construction of the panel production line, which is scheduled to be delivered and tested in September 2023, while the start of production is planned for early 2024.
The first months of this year were necessary to enable the local economic-financial system to advance the financing of the 1 million euro NRP grant, which was disbursed by Banca Prealpi SanBiagio in May 2023.
The market
Market developments for the solutions devised by DP Company are potentially very interesting, as there is a growing demand, driven by long-term trends related to sustainability and energy saving. In fact, an analysis by the National Thermal and Acoustic Insulation Association (ANIT)shows that, among the various energy efficiency technologies, thermal insulation has the best mix of efficiency (cost of energy saved equal to 0.13 Euro/MWh) and effectiveness (average savings per intervention between 17,200 and 26,900 kWh/year). The Italian thermal insulation market has ample room for growth, as 84 percent of the external walls of the entire building stock (8.2 billion sq m) need upgrading. Buildings, moreover, are responsible for about 40 percent of energy consumption and pollution, while the total building envelopes that can potentially be upgraded in the next 10 years amount to about 1 billion sq. m. The implementation of all these interventions would lead to savings in the energy bill of more than 5 billion euros;almost 9 million tons of CO2 less; and, thanks to investments of more than 100 billion euros,to the creation of about 2 million jobs.
In terms of circular economy, the expected benefits at the regional level are very important, considering that, according to data from local multi-utilities, the raw material collected in Veneto in 2020would amount to about 2,000 tons, allowing to produce at least 260 thousand square meters of eco-sustainable insulation panels. DP Company estimates, upon reaching full capacity, to produce about 0.5 ton/h.
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DP Company
DP Company is an innovative start-up company established with the aim of improving the sustainability of coatings in construction.
Website: www.dpcompanysrl.it
Mail: info@dpcompanysrl.it
Prealpi SanBiagio Bank
Prealpi SanBiagio Bank is the Co-operative Credit Institute based in Tarzo (TV), in the heart of the Treviso Prealps, part of the Cassa Centrale Group, present with 67 branches in seven provinces of Veneto and Friuli Venezia Giulia.The foundation of the Institute dates back to 1894, exactly one hundred years before the change of name to Banca di Credito Cooperativo delle Prealpi. Nearly 130 years of history characterized by growth and development led, in 2015, to the merger by incorporation of Banca Atestina and, in 2019, to the merger with Banca San Biagio del Veneto Orientale, which, as of July 1 of the same year, led to the birth of Banca Prealpi SanBiagio.Banca Prealpi SanBiagio is a cooperative society that makes mutuality its basic principle and is committed to meeting the financial needs of its members and customers, promoting customized solutions, suitable for every type of request. The Institute is an expression of the area in which it operates: a bank linked to families and small and medium-sized businesses, acting as a driving force for the local economy, creating a virtuous circle that begins with the collection and management of savings from private customers, and is fed by the reinvestment of these resources in the local economy through the provision of loans to businesses and families, concluding with support for growth and employment in the communities of which it is a part.
See: www.mase.gov.it/pagina/investimento-1-2-progetti-faro-di-economia-circolare-0.
CONSULT THE ANALYSIS OF THE Innovative Start up in Treviso province
CONSULT DATA OF Startup in Treviso province_July 3 2023
Update to July 3, 2023
The legislature establishes that innovative startup status can be obtained by corporations: established for less than five years; not resulting from merger, demerger or sale of a business unit; resident in Italy or another EU country, but with a production unit/branch in Italy; with annual turnover of less than five million euros; not listed on a regulated market; and possessing at least one of the following indicators related to technological innovation provided for by national regulations:
Translated by Cecilia Flaccavento
Intern at the Chamber of Commerce of Treviso – Belluno|Dolomites
