Eu-SPRI Early Career Researcher Conference. Sowing the seeds of the future: The financing of tomorrow s innovations

Transcription

1 Eu-SPRI Early Career Researcher Conference Sowing the seeds of the future: The financing of tomorrow s innovations Bergamo, Italy, June 2015 Sponsors: Eu-SPRI Forum ( Politecnico di Milano, Politecnico di Torino, Università degli Studi di Bergamo. Organizing Committee: Luca Grilli (Politecnico di Milano), Michele Meoli (Università di Bergamo), Giuseppe Scellato (Politecnico di Torino), Silvio Vismara (Università di Bergamo). Organizing Support: Davide Donina (Università di Pavia e Università di Bergamo). Conference venue: Università degli Studi di Bergamo, via Salvecchio, 19, Bergamo (Upper Town). For more information see also: Contact: euspri2015@unibg.it 1

2 Eu-SPRI ECC Early Career Researcher Conference Sowing the seeds of the future: The financing of tomorrow s innovations Bergamo, Italy, June 2015 Table of Contents Eu-SPRI Early Career Researcher Conference and Organizing institutions 3 Program Overview 5 Session details 6 Session format and Wi-fi Access 8 Directions & Map 9 How to get to Bergamo 10 Getting around 12 Accommodation 13 Good to know 14 Keynote speakers 15 Participants in the Round Table: Sowing the Seeds of the Future 16 Conference dinner 17 List of participants 18 Contacts 20 2

3 Eu-SPRI ECC (Early Career Researcher) Conference Sowing the seeds of the future: The financing of tomorrow s innovations Bergamo, Italy, June 2015 Science, technology and innovation (STI) are crucial elements of economic development and growth. They undoubtedly had a key role in the past, but their significance is going to dramatically increase in the next future. As a matter of fact, these days, from different ankles and perspectives, public opinion points to the discovery and development of new technologies as the main solution to many of the challenges that the whole world faces ahead. All these decisions, strategies and investments, might be supported by research and innovation policies, as well as a comprehensive approach in financing STI activities, that have to be put in place in economic and institutional contexts, which are fairly more complex than what occurred to be in the past. The Early Career Research Conference Sowing the seeds of future: The financing of tomorrow innovations intends to increase our understanding on the topic of financing STI activities, with special emphasis on the most suitable policy tools and their most appropriate governance mechanisms to alleviate in the future the existing financing barriers towards STI activities. In particular we aim at collecting both empirical and theoretical contributions that provide new insights on the below reported topics, building on the available evidence on the interrelationships between different public and private stakeholders interacting in the complex STI landscape. Papers that embrace different approaches/levels of analysis and adopt an international perspective are especially welcomed. Here follows a potential list of streams, by way of example: - Policies for the financing of breakthrough innovations. - Policies for achieving sustainable innovations in grand social challenges in the areas of health, energy and environmental issues. - Design and governance of policy schemes for easing financing of STI activities, including publicprivate collaboration arrangements in the equity and credit market. - Interdependencies between governments research policies and other public policies for the financing of STI activities. - Financial markets, bank regulation and the provision of finance for R&D intensive firms. - Financial markets conditions and incentives for entrepreneurship. - Raising external capital for high-tech entrepreneurship: policy issues. - Crowdfunding: opportunities, challenges and critical factors. - Crowdfunding, venture capital and bank debt: complements or substitutes? - Venture capital, innovation and high-tech start-ups performance. 3

4 - Innovation at a global scale: governance mechanisms across different actors. - Innovative policy tools to support the provision of finance for innovative firms and high-tech startups. - Best practices in the management and governance of public policies for the financing of high-tech entrepreneurship and innovative firms. - Policies for the financial support of technology transfer. - University-Venture capital and the financing of academic start-ups. - Financial and growth strategies of innovative firms and high-tech start-ups. - Initial public offerings and Mergers & Acquisitions of innovative and high-tech entrepreneurial firms. - The effects of the financial crisis on STI activities. - Innovative policy tools to finance Science and Technology. - Macro perspectives on financial markets, innovation, high-tech entrepreneurship and economic growth. University of Bergamo The University of Bergamo ( is an Italian State University with about 16,000 students (undergraduates and graduates), and more than 300 PhD students. The number of students is increasing each year, with a 7% growth rate per year between 2001 and A staff of 656 members (331 professors & researchers, 95 assisting academic staff, 230 administrative and technical staff) provides a dynamic scientific and teaching environment open to innovations. The 7 Departments and the Research centers of the University of Bergamo are strictly intertwined in the town life. They are grouped in three campuses located in three different areas: Campus of Economics and Law: in the City of Bergamo, at walking distance from the train station Campus of Humanities: in the Mediaeval Upper town Campus of Engineering: in Dalmine, the industrial outskirts of Bergamo, inside the science park "Kilometro Rosso" EuSPRI The European Forum for Studies of Policies for Research and Innovation (Eu-SPRI Forum) aims to strengthen the vibrant but dispersed interdisciplinary community of researchers focusing on interdisciplinary dimensions related to policy and governance in the field of knowledge creation and innovation. The Eu-SPRI Forum was founded in Paris in June 2010 and has presently 15 member institutions ( Policies for research and innovation are a centrepiece of the current global knowledge and innovation society. However, the design and implementation of such policies is not a simple and straightforward business. Studies of Policies for Research and Innovation (SPRI) is a growing research field since the 1960s, evolving at the encounter of economics, political science, sociology, Science and Technology Studies (STS), business administration, geography and history. The Eu-SPRI Forum collaborates with non-european expert networks in the field of science, research, technology and innovation policy studies, such as the Science, Technology and Innovation Policy Research Network of the Americas (STIPA). 4

5 Eu-SPRI Early Career Researcher Conference Sowing the seeds of the future: The financing of tomorrow s innovations Bergamo, Italy, June :30-14:00 Registration Programme Overview Rectorate, via Salvecchio 19, Bergamo (Upper Town) Wednesday 24 th June :00-16:00 Welcome and Paper session 1: Grand Social Challenges 16:00-16:30 Coffee break 16:30-18:00 Paper Session 2: The Role of Higher Education Institutions Thursday 25 th June :30-10:30 Keynote speech 1: Paula Stephan (Georgia State University and NBER) The funding of science: Trends, concerns, and open issues 10:30-11:00 Coffee break 11:00-13:00 Paper Session 3: Designing Policies for Innovation 13:00-14:00 Lunch 14:00-16:00 Paper Session 4: Financial Markets 16:00-16:30 Coffee break 16:30-18:00 Round Table: Sowing the Seeds of the Future 19: Conference dinner Friday 26 th June :30-10:30 Keynote speech 2: Fabio Bertoni (EMLYON Business School) Intermediation and Disintermediation in Entrepreneurial Finance 10:30-11:00 Coffee break 11:00-13:00 Paper Session 5: Innovative Finance 13:00-14:00 Farewell lunch 5

6 Session details Paper Session 1: Grand Social Challenges Chair: Giuseppe Scellato (Politecnico di Torino) Bianca Cavicchi (University of Oslo), Bioenergy system's dynamics. How to secure sustainability outcomes? Discussant: Alessandra Colombelli (Politecnico di Torino) Alessandra Colombelli (Politecnico di Torino), Eco-innovations and firms' market value: a micro-econometric analysis of European data. Discussant: David Marek (Charles University in Prague) David Marek (Charles University in Prague), The challenge of breaking the academia-business firewall in Czechia: comparing role of differentiated knowledge bases in collaborative R&D projects Discussant: Bianca Cavicchi (University of Oslo) Paper Session 2: The Role of Higher Education Institutions Chair: Manuel Heitor (Instituto Superior Técnico, Lisbon) Davide Donina (Università di Bergamo and Università di Pavia), How does University Internationalization Contribute to the Student Entrepreneurship? Discussant: Laura Toschi (Università di Bologna) Laura Toschi (Università di Bologna), The University as a Venture Capitalist? Determinants and Consequences of University Seed funds and Proof-of-Concept Programs in Europe Discussant: Flavio Porta (Università di Bergamo and Università di Pavia) Flavio Porta (Università di Bergamo and Università di Pavia), To MOOC or not to MOOC: decision-making strategies in contemporary universities Discussant: Manuel Heitor (Instituto Superior Técnico, Lisbon) Paper Session 3: Designing Policies for Innovation Chair: Paula Stephan (Georgia State University and NBER) Luca Grilli (Politecnico di Milano), Turn the light on : the certification effect of selective subsidies, founders human capital, and new technology-based firms access to R&D alliances Discussant: Mercedes Terruel Carrizosa (CREIP, Universitat Rovira i Virgili, Tarragona) Mercedes Terruel Carrizosa (CREIP, Universitat Rovira i Virgili, Tarragona), Young firms and R&D subsidies in Catalonia Discussant: Emilio Raiteri (Ecole Politechnique Fédérale de Lausanne) Emilio Raiteri (Ecole Politechnique Fédérale de Lausanne), More of the same or something different? Technological originality and novelty in public procurement-related patents 6

7 Discussant: José Manuel Leceta (Universidad Autonoma de Madrid) José Manuel Leceta (Universidad Autonoma de Madrid), Overcoming barriers to high-growth firms in Europe: the start up to scale up approach of EIT-ICT Labs Discussant: Davide Hahn (Università di Bergamo and Università di Pavia) Paper Session 4: Financial Markets Chair: Silvio Vismara (Università di Bergamo) Francesca Tenca (Politecnico di Milano), A look at how business angels work: decision criteria in investment evaluation Discussant: Tuomo Heinonen (University of Tampere) Tuomo Heinonen (University of Tampere), Regenerative medicine cell therapy financial market: how to finance potential innovations Discussant: Anita Quas (EMLYON Business School) Anita Quas (EMLYON Business School), Certification of public-sector lending of high-growth and high-technology SMEs towards banks Discussant: Maria Luisa Mancusi (Università Cattolica del Sacro Cuore and Università Bocconi), Maria Luisa Mancusi (Università Cattolica del Sacro Cuore and Università Bocconi), Innovation and export in SMEs: the role of concentrated bank borrowing Discussant: Francesca Tenca (Politecnico di Milano) Paper Session 5: Innovative Finance Chair: Michele Meoli (Università di Bergamo) Elisa Ughetto (Politecnico di Torino), Dumping or taking on entrepreneurial ventures: the dynamics of switching between governmental and independent venture capitalists Discussant: Andrea Signori (Università Cattolica del Sacro Cuore) Andrea Signori (Università Cattolica del Sacro Cuore), Getting big fast: IPOs and M&As of Young Innovative Companies Discussant: Fabio Bertoni (EMLYON Business School) Francesca Tenca (Politecnico di Milano), Crowdfunding: the impact of entrepreneurial passion on the acquisition of financial resources Discussant: Mattia Cattaneo (Università di Bergamo) Mattia Cattaneo (Università di Bergamo), Financing university through bonds: the financial value of reputation Discussant: Elisa Ughetto (Politecnico di Torino) 7

8 Session format Each paper has been assigned a discussant. We aim to promote reflection and discussion among the audience and thus make the conference a more valuable experience for both presenters and audience. Each paper presentation will be allocated 30 minutes of time: 15 minutes for the presentation; 10 min minutes for the discussant comments; 5 minutes for open comments. Wi-fi access Eduroam Eduroam wi-fi is available in the venue for all the participants. Unibgfreenet Further username and password for the access to the wi-fi network are available on request. When you connect to the wi-fi network, please log to uniwifinetwork and refer to the username and passwords that will be provided by the organization staff. 8

9 Directions & Map The venue The Eu-SPRI Conference Sowing the seeds of the future: The financing of tomorrow s innovations will take place at the University of Bergamo at the following addresses: Via Salvecchio 19, Città Alta, Bergamo, Italy, Room 1 See this map for the location of the venue. ( Getting to the venue From Bergamo Train Station take local bus n 1 towards Colle Aperto and get off at stop #40, viale delle Mura, Seminario or at Colle Aperto (end of bus line) - journey takes about 10 minutes and tickets cost 1.25 euro. The same bus can be taken from the airport but the fare is then 2.10 euro. Tickets are sold at Turismo Bergamo office and at the dispensers (Airport) or at the newspaper kiosks (train station). 9

10 How to get to Bergamo Arriving by plane Bergamo is easily accessible with the city being connected to three international airports: Bergamo Orio al Serio, Milano Malpensa and Milano Linate Bergamo Orio al Serio Via Aeroporto 13, Orio al Serio, Italy Tel: Website: The international Airport of Orio al Serio is just 5 km from Bergamo and 45 km from Milan. It is connected to many Italian and European destinations, and has a large number of low-cost airlines. The airport bus service runs daily to and from the airport every 30 minutes and the journey to Bergamo takes about 20 minutes. From the airport Orio al Serio to the city of Bergamo: The local bus no. 1 operates from Orio al Serio airport to Bergamo train station and Upper Town (it departs every 20 minutes and the journey takes 15 minutes. Tickets cost 2.10 ). The airport shuttle service connects the airport and Milan city in its three important locations: Central Station, Rho Fair and Malpensa Airport. For further information please consult Orio low cost shuttle website Taxis from the airport to Bergamo cost approximately between 20 euro and 25 euro. For further information call the Azienda Trasporti Bergamo Tel: Milano Malpensa Ferno Varese, 21010, Milan, Italy Tel: Website: Malpensa airport is the largest of the three airports and is located in the province of Varese approximately 30 km north west of the city of Milan. Milano Malpensa is Milan s international airport. From the airport Milano Malpensa to the city of Bergamo: The Malpensa shuttle coach buses leave every 20 minutes from Malpensa Airport to Milan central train station (Stazione di Milano Centrale). From Milano railway station to Bergamo, trains leave at ten minutes after every hour. The last train leaves at For further information, please consult the Malpensa shuttle website Please find below the complete list of taxi services available at Milano Malpensa. Taxis are available at arrivals (ground floor), exit gate 6 at terminal 1, exit gate 4 at terminal 2. 10

11 Radio Taxi La Martesana, Tel: Radio Taxi Freccia, Tel: Taxi 8585 Autoradiotassi, Tel: Milano Linate Viale Enrico Forlanini, Segrate Milan, Italy Tel: Website: Milano Linate Airport has a wide range of domestic and short and medium range international flights. There are several train and bus connections to Bergamo from the airport, including a shuttle bus to Milan Malpensa Airport. The shuttle bus between the two airports takes approximately 30 minutes so make sure you leave plenty of time if you are organising connecting flights. From the airport Milano Linate to the city of Bergamo: For bus services operating from Milan Linate Airport to destinations including Milan and Malpensa, please consult the website Please see below for a complete list of taxi services available at Milano Linate Airport. Taxis are available at arrivals (ground floor), exit gate 5. Radio Taxi 6969, Tel: Arrow Radio Taxi, Tel: Blue Taxi, Tel: Arriving by train From Milan Railway Station (Stazione di Milano Centrale) to Bergamo there are trains leaving 10 minutes after every hour. The last train leaves at To find out more, please visit the website: Driving cars in the upper town If you intend to reach the venue by car, pay attention to the ZTL electronic signs as they indicate the areas of the Upper town where cars are not allowed. Furthermore, parking your car will cost you about 1.6 euro/hour to be paid by cash. 11

12 Getting around The city of Bergamo Bergamo is located in Lombardia, a region in Northern Italy with more than 10 millions inhabitants and one of the regions with the highest GDP pro capita in Europe. With a history older than the foundation of Rome, Bergamo grew as a key town in Mediaeval times and is now a bridge between Western and Eastern Europe: its airport is the Southern Europe hub for Ryanair and other low cost airlines, turning over 9 million passengers in General information on transport Bergamo is divided into two parts: the Città alta (upper town), the old city on the hills surrounded by ancient walls where the forum venue is located and the Città bassa (lower town) in the valley underneath where the hotels and main transport stations and airports are located. The city is quite small, and many of the sights can be seen on foot. However, walking from the città bassa up to the città alta can be quite tiring because of the steep and winding streets, but there is a funicular that links the two parts of the city. Tickets can be purchased on the funicular and are valid for 75 minutes. They can be used to travel on the network, including the funicular to San Vigilio. The Bergamo Card includes travel on the airport bus and unlimited travel on ATB buses, trams and funicular railways, free entry to some of the city s museums, discounts on entry to events and temporary exhibitions as well as discounts on food and shopping. There are three types of card available: validity 24h at 10 ; 48h at 15 and 72h at 20. ATB (Bergamo s public transport company) runs the urban bus services and funicular railway between lower and upper Bergamo and between upper Bergamo and San Vigilio. The no. 1 bus starts at the railway station and travels to upper Bergamo. The funicular railway can also be used to reach upper Bergamo. The journey only takes five minutes. Visitors wishing to reach the top of San Viglio hill can use the panoramic funicular which begins near San Alessandro gate (just outside colle Aperto). ATB Point (Info point on local buses) Largo Porta nuova Tel: Website: 12

13 Accommodation Albergo Il Sole Via Colleoni 1, Città Alta, Bergamo Tel: Fax: Website: Map of the location: From Bergamo Train Station take local bus n 1 towards Colle Aperto and get off at stop #40, viale delle Mura, Seminario (journey takes 10 minutes and tickets cost 1.25 euro). The same bus can be taken from the airport but the fare is then 2.10 euro. Tickets are sold at Turismo Bergamo office and at the dispensers (Airport) or at the newspaper kiosks (train station). See this map for the location of the hotels. ( 13

14 Good to know English is the official language of the forum. No simultaneous translation will be provided. Time The local time in Bergamo is Standard Time Zone: GMT/UTC +1. Weather Temperatures usually range from 20 C to 30 C during the day in June in Bergamo. To find out more information, please see the weather forecast online: Telephone instructions To call Italy you have to dial city area code + number you wish to call. Please note that you must keep the 0 between the country and the city area code when dialling a number. For example: Emergencies 118 Police 112 Electricity voltage The electrical current in most of Italy is 220 volts, 50 cycles alternating current (AC). In Italy, you need continental-type plugs which have two round prongs. If you bring 110-volt devices, you will need a voltage converter, unless your appliance is designed to also work with 220 volts electricity (dual voltage). Voltage converters could be difficult to find in Italy, so it is advisable to buy one before you travel. Post office 13, Piazza Mercato del Fieno, 24129, Bergamo Website: Pharmacy Farmacia Conca Verde, 24, Via Mattioli, 24129, Bergamo Tel: There are also many pharmacies in the city centre (lower city) Tourist services I.A.T. Tourist Office Lower Bergamo Piazzale Marconi (near the station) Tel turismo1@comune.bg.it Website: (only in Italian) I.A.T. Tourist Office Upper Bergamo Via gombito, 13 (gombito tower) Tel: turismo@comune.bg.it Website: : (only in Italian) 14

15 Keynote speakers Paula Stephan is professor of economics, Georgia State University and a research associate, National Bureau of Economic Research. She is a Fellow of the American Association for the Advancement of Science and a member of the Board of Reviewing Editors, Science. Science Careers named Stephan their first Person of the Year in December of 2012 honoring an individual who, during the past 12 months, has made an especially significant and sustained contribution to the welfare of early-career scientists. Stephan has published numerous articles in such journals as The American Economic Review, The Journal of Economic Literature, Management Science, Nature, Organization Science, and Science. Her book How Economics Shapes Science was published by Harvard University Press, Her research has been supported by the Alfred P. Sloan Foundation, the Andrew W. Mellon Foundation, and the National Science Foundation. Stephan recently served on the National Research Council Board on Higher Education and Workforce and the Committee to Review the State of the Postdoctoral Experience for Scientists and Engineers. She is a member of European Research Council s Expert Group on Key Performance Indicators. She served on the National Advisory General Medical Sciences Council, National Institutes of Health and served on the Advisory Committee of the Social, Behavioral, and Economics Program, National Science Foundation, She has held visiting positions at KU Leuven, Harvard University, International Center for Economic Research (Torino, Italy), the Wizzenschaf Zentrum fur Social Forchung, Berlin and the Max Planck Institute for Innovation and Competition, Munich. Fabio Bertoni, Professor of Corporate Finance at EMLYON Business School, Ecully, France. Fabio Bertoni holds a PhD in Management, Economics and Industrial Engineering at Politecnico di Milano, Italy. The research activity of Fabio Bertoni is mostly focused on the relationship between financing and firm performance. He has devoted particular attention to venture capital and firm s growth, patenting and investments. Recently he has also studied sovereign wealth fund investments. During his career, he made visiting period at Copenhagen Business School - Center for Strategic Management and Globalization, Copenhagen, Denmark; Universidad Complutense de Madrid - Department of Accounting and Finance, Madrid, Spain; Centre for European Economic Research (ZEW) - Department of International Finance and Financial Management, Mannheim, Germany; and University of Oxford - Saïd Business School, Oxford, UK. 15

16 Participants in the Round Table: Sowing the Seeds of the Future Chair: Luca Grilli (Politecnico di Milano) Manuel Heitor is Full Professor at Instituto Superior Técnico, IST, the engineering school of the University of Lisbon and director of IST s Center for Innovation, Technology and Policy Research. He pursued an academic career at IST, in Lisbon, where he served as Deputy-President for the period From March 2005 to June 2011 he served as Secretary of State for Science, Technology and Higher Education in the Government of Portugal. Most recently, in the academic year he was a Visiting Scholar at Harvard. He earned a PhD at Imperial College, London, in 1985 in combustion research and did post-doctoral training at the University of California San Diego. Stefano Paleari is Full Professor of Finance at the Faculty of Engineering of the University of Bergamo since February 2001, and was elected Rector of the University of Bergamo since October He is the President of the CISAlpino Institute for Comparative Studies in Europe (CCSE), a joint research centre of University of Bergamo and University of Augsburg (Germany). He was Secretary General of the CRUI (the Italian Council of the Rectors of Italian Universities) from April 2011 to September 2013 and since September 2013 is the President of the CRUI. Since April 2013, he was elected Board Member of the EUA (European University Association). Moreover, he is Scientific Director of the ICCSAI (International Center for Competitiveness Studies in the Aviation Industry) since March 2006; External examiner in the MSc in Air Transport Management at the Department of Air Transport of the Cranfield University (UK) since January 2009; Airneth Academic Fellow and member of the Airneth Scientific Board, an international group of the most representative academic researchers in Air Transportation, since June Livio Scalvini is Head of Corporate Innovation, Chief Innovation Area, Intesa Sanpaolo. His main goals are focused in promoting innovation and competitiveness of the Italian and regional ecosystem with an holistic approach through building international acceleration platforms for high tech start-ups, equity investing and open innovation solutions for mature companies. Previously Livio Scalvini worked as Head of Innovation and Head of Marketing in Corporate & Investment Banking in Intesa Sanpaolo. He covered several managerial positions in international financial Institutions in Europe. He has served as a Director in the Board of companies and in Steering Committees of Masters and Associations. He has been Managing Director of Research and Entrepreneurship Foundation. Livio Scalvini holds a degree in Economics and a Master of Science in Macroeconomics and International Finance. He published papers and books in Strategic Planning and in Dynamics of financial markets. Serial entrepreneur (2x), investor and advisor in start-ups, he served in NGOs for microfinance programs in Central America and West Africa. 16

17 Conference dinner Thursday 25 June ( ) Dinner at Da Franco restaurant via Colleoni, 8 Bergamo (Città alta - Upper town) Tel.: Website: Please advise us of any dietary requirements and any allergies when you register for the conference 17

18 List of participants Name Surname Affiliation Country Fabio Bertoni EMLYON Business School France Mattia Cattaneo Università di Bergamo Italy Bianca Cavicchi University of Oslo Norway Elena Cefis Università di Bergamo Italy Alice Civera Università di Bergamo Italy Alessandra Colombelli Politecnico di Torino Italy Gianpietro Elvio Cossali Università di Bergamo Italy Davide Donina Università di Bergamo and Università di Pavia Italy Chiara Franzoni Politecnico di Milano Italy Claudia Ghisetti Università di Ferrara Italy Luca Grilli Politecnico di Milano Italy Davide Hahn Università di Bergamo and Università di Pavia Italy Tuomo Heinonen University of Tampere, School of Management Finland Manuel Heitor Instituto Superior Técnico (Lisbon) Portugal Jose Manuel Leceta Universidad Autonoma de Madrid Spain Ye Liu Zhejiang University China Joseph Macko Indiana University United States Maria Luisa Mancusi Università Cattolica and Università Bocconi (Milano) Italy David Marek Charles University in Prague Czech Republic Michele Meoli Università di Bergamo Italy Tommaso Minola Università di Bergamo Italy Boris Mrkajic Politecnico di Milano Italy 18

19 Stefano Paleari Università di Bergamo Italy Flavio Porta Università di Bergamo and Università di Pavia Italy Anita Quas EMLYON Business School France Francesco Quatraro Università di Torino and Collegio Carlo Alberto Italy Emilio Raiteri Ecole Politechnique Fédérale de Lausanne (EPFL) Switzerland Michele Ronchi Stefanati University College Cork Ireland Livio Scalvini Intesa Sanpaolo Italy Giuseppe Scellato Politecnico di Torino Italy Andrea Signori Università Cattolica (Milano) Italy Paula Stephan Georgia State University United States Francesca Tenca Politecnico di Milano Italy Mercedes Teruel Carrizosa CREIP, Universitat Rovira i Virgili, Tarragona Spain Laura Toschi laura.toschi@unibo.it Università di Bologna Italy Elisa Ughetto d021159@polito.it Politecnico di Torino Italy Silvio Vismara silvio.vismara@unibg.it Università di Bergamo Italy 19

20 Contacts For any inquiries please contact: General info: Programme: Michele Meoli Mobile: Organization, Booking, and Hotel: Davide Donina Mobile: