SocialFare
SocialFare is Italy's first Centre for Social Innovation and a MIMIT-certified incubator that runs startup acceleration programs (FOUNDAMENTA, Planet Foundamentals), knowledge acceleration consulting for organizations and institutions, and impact seed investment via SocialFare Seed (up to €125k per startup).
- Company typePrivate
- Founded2015
- HeadquartersTorino, Italy
- Headcount11–50
- GTM typeB2B
- OfferingServices
What SocialFare does
SocialFare Impresa Sociale S.r.l., founded in 2015 in Turin, is Italy's first Centre for Social Innovation and a MIMIT-certified incubator. The company operates a hybrid model combining startup acceleration programs (FOUNDAMENTA and Planet Foundamentals, with 15+ editions cumulatively since 2016), knowledge acceleration consulting for organizations and institutions, and seed equity investment through SocialFare Seed, which deploys up to €125k per startup (up to 15% equity) and up to €500k per year across the portfolio. Its core technology is a proprietary acceleration methodology that integrates lean startup, design thinking, and human-centered design, rather than a software platform; the physical hub Rinascimenti Sociali in Turin serves as the convergence point for the network of 50+ mentors, investors, and over 100 accelerated startups since founding.
The business model rests on two revenue streams: (1) professional services revenue from knowledge acceleration, capacity building, and impact consulting delivered to large organizations, SMEs, ETS third-sector entities, and national/international institutions, and (2) long-duration equity returns from SocialFare Seed's portfolio investments. Go-to-market is community-led and event-driven, leveraging open application calls, the Rinascimenti Sociali network (50+ mentors and investors), international conference participation (European Development Days, UN High-Level Political Forum), and content marketing via the People Innovation blog and newsletter. Strategic partnerships with ELISAVA (Barcelona), ITCILO, PerMicro, and Turin School of Development extend the company's reach into academic and international arenas.
The company is governed by a 6-member board chaired by Laura Orestano with Managing Director Giovanni Ravina and CEO Marco Cornetto, supported by a core operating team of approximately 10 FTEs across acceleration, sustainability, design, investment, and operations, plus 24+ mentors and advisors. Capital structure shows share capital of €1,365,335 with disclosed revenue figures not publicly available. The portfolio of accelerated startups spans AI-enabled clinical decision support (DatAIMed), AI-driven news aggregation (Column), sustainability reporting automation (Envify), home healthcare services (Fleder), AI/blockchain corporate training (Formile), and personalized nutrition matching (Nutriyou), reflecting an explicit focus on backing technology-driven social impact ventures rather than building proprietary AI infrastructure.
SocialFare firmographics
Firmographics- Name
- SocialFare
- Legal name
- SocialFare Impresa Sociale S.r.l.
- Website
- https://socialfare.org
- Company type
- Private
- Founded year
- 2015
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- SocialFare is Italy's first Centre for Social Innovation and a MIMIT-certified incubator that runs startup acceleration programs (FOUNDAMENTA, Planet Foundamentals), knowledge acceleration consulting for organizations and institutions, and impact seed investment via SocialFare Seed (up to €125k per startup).
- Ownership category
- akta.pro rank
SocialFare industry classification
Industry- Product category
- Social Innovation Incubator and Accelerator Services
- NAICS
- Social Advocacy Organizations (8133)
- SIC
- Services-Social Services (8300)
- akta.pro primary industry
- Impact Investment & Social Finance Programs (BPADAOAJ)
- akta.pro secondary industries
- Community Foundations (BPAGAKAB), Private Foundations (BPAGAKAA)
Keywords
Where SocialFare is headquartered
LocationHeadquarters
- HQ city
- Torino
- HQ country
- Italy
- HQ region
- Europe
Offices1 record
Markets served
SocialFare business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure
Revenue model
- Seed Investment Returns: SocialFare Seed, the impact seed investment vehicle, deploys capital into accelerated startups in exchange for equity. Returns flow from successful portfolio exits.
- Knowledge Acceleration & Consulting Services: SocialFare provides impact consulting, capacity building, and project acceleration services to large organizations, SMEs, ETS (Third Sector entities), and national/international institutions. Services include strategy and impact assessment, capacity building, and co-design of social innovation projects.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Multi-year contract | Seed Investment: up to €125k cash for up to 15% equity |
Go-to-market motion2 records
Distribution channels2 records
Marketing channels6 records
SocialFare product offering
Product offeringCore offering
SocialFare is Italy's first Centre for Social Innovation and a MIMIT-certified incubator that designs and runs startup acceleration programs (Planet Foundamentals for impact startups, FOUNDAMENTA, and Personae), delivers knowledge-acceleration consulting engagements for organizations and institutions, and deploys seed-stage impact investment through SocialFare Seed (up to €125k per startup, €500k per year). It also operates Rinascimenti Sociali, a physical convergence hub in Turin that hosts ecosystem events and co-working.
Product overview
SocialFare is the first Center for Social Innovation in Italy, operating as a certified incubator (MIMIT) that offers a multi-faceted portfolio of products and services. The core offerings include: SocialFare Seed, Italy's first impact seed investment vehicle; Planet Foundamentals, an intensive 4-month acceleration program for early-stage impact startups; Knowledge Acceleration services for organizations; and Rinascimenti Sociali, a physical and digital convergence hub in Turin. The portfolio is distinct from the startups SocialFare has accelerated, including Column (AI-powered news aggregation), DatAIMed (AI agents for clinical decision support), Envify (AI for sustainability reporting), Fleder (home healthcare services), Formile (AI/Blockchain-powered corporate training marketplace), Nutriyou (algorithm-based nutrition matching), and Discentis (educational innovation platform). SocialFare does not offer a single unified product but rather an ecosystem of acceleration programs, investment vehicles, professional services, and a portfolio of accelerated startups.
Differentiator
Problem solved
Functional benefit
Brands
- SocialFare Seed: The first Italian impact seed investment vehicle, founded by impact investors, that invests up to €500k per year in social impact startups selected through FOUNDAMENTA/Planet Foundamentals programs.
- Rinascimenti Sociali
- FOUNDAMENTA
- PLANET FOUNDAMENTALS
- Personae
Products and services
- SocialFare Seed
Quantifiable outcome
- Over 100 startups accelerated since 2015 across FOUNDAMENTA and Planet Foundamentals programs
- +3 more outcomes
Companies that use SocialFare
Customer profileNamed customers1 record
Segments2 records
Ideal customer profiles2 records
SocialFare technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability10 records
Feature1 record
SocialFare partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core.
- ELISAVA – Barcelona School of Design and EngineeringcoreCo-produced the IMPACT THROUGH DESIGN: UN SDGs and Societal Challenges international applied design research program (2018), featuring an Open Talk Series across 10+ global cities (Turin, Marseille, Barcelona, Matera, Rome, Zurich, Toronto, Boston, Shanghai, New York). The program was presented at the UN High Level Political Forum on Sustainable Development in New York and at European Development Days 2018. SocialFare provided the Turin convergence hub (Rinascimenti Sociali) and impact acceleration methodology; ELISAVA contributed academic research and service design expertise.
- International Training Centre of the International Labour Organization (ITCILO)coreAcademic partner in the Advanced Course in Social Innovation and Sustainable Development: Entrepreneurship for Social Impact (November 2017 – March 2018, Turin), along with Turin School of Development, PerMicro, and SocialFare. SocialFare contributed its social innovation acceleration methodology and expertise to the training program.
- PerMicrocoreAcademic partner alongside SocialFare in the Advanced Course in Social Innovation and Sustainable Development (2017-2018) organized by ITCILO and Turin School of Development. PerMicro contributed microcredit and financial inclusion expertise; SocialFare contributed social innovation methodology.
- Rinascimenti SocialicoreSocialFare promotes and operates through Rinascimenti Sociali (Social Renaissance), a physical convergence space and network hub at Via Maria Vittoria 38, Turin. Rinascimenti Sociali connects people, entities, associations, startups, enterprises, funds, and institutions around shared social impact principles. It serves as the venue for acceleration programs and events.
Scale indicators6 records
Recent moves6 records
Expansion highlights7 records
SocialFare competitors and assessment
Company assessmentDirect peers
- Impact Hub: Global network of impact-focused incubators and accelerators with physical hubs across Europe and emerging markets. Directly comparable as a multi-vertical social innovation accelerator offering startup programs, community spaces, and corporate impact services — operates at a larger scale than SocialFare but with similar integrated accelerator + community model.
- Nesta Italia: Italian social innovation foundation operating in Turin with a mission to back impact-driven startups and innovation. Most direct domestic peer given shared geography, mission alignment, and focus on social innovation methodology — overlaps with SocialFare on Knowledge Acceleration consulting and ecosystem building.
- Mind the Bridge: Italy- and US-based startup accelerator and ecosystem builder with programs supporting founders from idea to scale. Comparable as a startup accelerator with Italian presence and corporate partnership model, though less focused on the social-impact thesis than SocialFare.
- LVenture Group: Italian-listed startup accelerator and seed investor operating early-stage programs in Rome. Comparable as a domestic accelerator deploying equity capital into Italian startups, though Lventure focuses on digital/tech rather than specifically impact-oriented ventures.
Broad incumbents
- EIT Climate-KIC: EU-backed knowledge and innovation community focused on climate and sustainability innovation with accelerator programs across Europe. Comparable to SocialFare's Planet Foundamentals program in vertical focus, but operates at much larger scale with deeper institutional funding.
- Ashoka Italia: Italian arm of the global Ashoka network supporting leading social entrepreneurs through fellowships, coaching, and ecosystem connections. Comparable as a social-impact ecosystem builder in Italy, though Ashoka focuses on individual changemakers rather than acceleration cohorts with seed capital.
Others
- PerMicro: Italian microcredit and financial inclusion operator, academic partner of SocialFare in the ITCILO Advanced Course. Comparable as a financial-services player in the Italian social-innovation ecosystem with overlapping mission around inclusion and impact.
- Fondazione Compagnia di San Paolo: Major Italian philanthropic foundation supporting social innovation, research, and cultural initiatives in Piedmont and beyond. Comparable as a Turin-based ecosystem actor that supports the broader innovation landscape SocialFare operates within, though acts as grantmaker rather than accelerator.
Regional players
- Italian Tech Week / Mirabello Cultura: Italian innovation ecosystem events and community initiatives connecting founders, investors, and corporates. Comparable in ecosystem-building role through events and conferences, though not a direct accelerator competing for SocialFare's cohort applications.
- UnLtd Italy / Social Impact Agenda per l'Italia: Italian social-impact ecosystem initiatives supporting social enterprises and impact ventures. Comparable in advocacy and capacity-building for the Italian impact ecosystem, with overlapping target audience of impact founders and Third Sector entities.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
SocialFare social profiles
Digital presenceSocialFare financial estimates
Financial estimateRevenue estimate
Valuation estimate
SocialFare leadership team
Management profileNumber of profiles
Profiles10 records
SocialFare funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
SocialFare M&A and investment
M&A and investmentM&A
Investments67 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about SocialFare
What does SocialFare do?
SocialFare is Italy's first Centre for Social Innovation and a MIMIT-certified incubator that designs and runs startup acceleration programs (Planet Foundamentals for impact startups, FOUNDAMENTA, and Personae), delivers knowledge-acceleration consulting engagements for organizations and institutions, and deploys seed-stage impact investment through SocialFare Seed (up to €125k per startup, €500k per year). It also operates Rinascimenti Sociali, a physical convergence hub in Turin that hosts ecosystem events and co-working.
Is SocialFare a public or private company?
SocialFare is a private company. It is classified as unknown and is currently operating.
When was SocialFare founded?
SocialFare was founded in 2015. It employs 11 to 50 people.
Where is SocialFare based?
SocialFare is headquartered in Torino, Italy, in the Europe region.
How does SocialFare make money?
Two revenue lines are on record. Seed Investment Returns are the primary driver. The others are knowledge Acceleration & Consulting Services.
Who are SocialFare's main competitors?
Direct peers on record are Impact Hub, Nesta Italia, Mind the Bridge and LVenture Group. Broad incumbents are EIT Climate-KIC and Ashoka Italia. Others are PerMicro and Fondazione Compagnia di San Paolo. Regional players are Italian Tech Week / Mirabello Cultura and UnLtd Italy / Social Impact Agenda per l'Italia.
Does SocialFare have an API?
No public API is recorded for SocialFare.
What industry is SocialFare in?
SocialFare's product category is Social Innovation Incubator and Accelerator Services. Its primary akta.pro industry code is BPADAOAJ, Impact Investment & Social Finance Programs, with a secondary code of BPAGAKAB, Community Foundations. Its NAICS code is 8133 and its SIC code is 8300.