Ten million euros for the adoption of artificial intelligence in Europe for SMEs

Factorial has announced the allocation of a ten million euro fund intended to accelerate the digitalisation of companies in over ten countries, with a particular focus on the Italian market. The initiative aims to support investment in automation across key business functions, including human resources, finance and IT infrastructure management.

The urgency of these interventions is confirmed by market data: according to McKinsey, generative AI could increase global productivity by $4.4 trillion annually. However, Boston Consulting Group findings indicate that currently only 5% of companies derive significant value from these large-scale technologies, while 60% still do not see concrete benefits despite sustained investments.

As noted by Jordi Romero, CEO of Factorial: “The next decade of business performance in Europe will be determined by the ability of businesses to effectively integrate AI into their operationsThe declared objective is the removal of economic obstacles that prevent organizations from building a competitive advantage through the digitalization of processes.

The fund is structured in two equal components of five million euros each. The first tranche is dedicated to the direct reduction of the initial costs of adopting the platform, applied at the time of contract signing. The second part is provided in the form of credits for the use of integrated artificial intelligence tools, facilitating the scalability of digital transformation projects over time. In addition to financial support, participating companies can access training programs, webinars and management coaching activities.

Access to resources is reserved for companies with between 20 and 1,000 employees who sign up for the first time to an annual contract for platform-specific packages. The benefits are automatically applied to eligible entities until the funds run out. This initiative coincides with the company’s tenth year of activity, consolidating a path oriented towards business management based on data analysis.

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