AssoNEXT

What AssoNEXT does

AssoNEXT — Associazione Italiana delle PMI Quotate is a private non-profit trade association founded in 2018 and headquartered in Milan (Viale Majno 17/A), serving as the reference body for Italian small and medium enterprises (PMI) listed on Euronext Growth Milan (EGM) and regulated markets. Its membership comprises over 100 listed SMEs as full voting members (Associati) and approximately 40 market professional firms — including investment banks, law firms, advisory firms, and financial institutions (Aderenti) — such as Intermonte, Grimaldi Alliance, Chiomenti, KPMG, Gianni & Origoni, and EnVent. The association delivers three core service pillars: (1) Rappresentanza — institutional advocacy before legislators, CONSOB, Borsa Italiana/Euronext, and European institutions via EuropeanIssuers membership; (2) Supporto — training programs (notably the 'Percorso Formativo per le PMI' in partnership with Academy Euronext), regulatory updates, and four technical committees covering ESG/Sustainability, Financial Communication, Regulation Comparison & Corporate Governance, and Buy Side & Investment Incentives; (3) Promozione — community-building through Magazine AssoNEXT, conferences, networking events, and the annual AssoNEXT Awards ceremony held at Palazzo Mezzanotte.

The business model is membership-fee-driven, with Associati and Aderenti joining through an application process approved by the Board of Directors. Specific fee tiers and amounts are not publicly disclosed; participation in training is free for one representative per member company, with additional representatives receiving a 20% discount on selected Academy Euronext catalogue courses. The association is governed by a 15-member Board of Directors (elected for the 2024-2026 term with Giovanni Natali as President), a Scientific Committee chaired by Prof. Mario Notari (Università Bocconi), and Technical Committees, and is audited by BDO. No proprietary technology platform or AI/ML capability is offered — services are delivered through a members-only portal (Area Riservata), in-person events, and direct institutional engagement.

Name

AssoNEXT

Legal name

AssoNEXT – Associazione Italiana delle PMI Quotate

Website

https://assonext.it

Company type

Private

Operating status

Operating

Headcount range

11–50 employees

Short description

AssoNEXT is a Milan-based non-profit trade association representing over 100 Italian listed SMEs on Euronext Growth Milan and approximately 40 market professional firms, delivering institutional advocacy, regulatory training, technical committees, and networking events funded through membership fees.

Ownership category

akta.pro rank

Headquarters

HQ city

Milan

HQ country

Italy

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Others

Revenue model

1. Membership fees: AssoNEXT sustains its operations through membership contributions from listed SMEs (Associati) and market professionals (Aderenti). Member companies pay fees that fund the association's activities of representation, training, networking, and market development. Specific fee tiers or amounts are not publicly disclosed.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

AssoNEXT (Associazione Italiana delle PMI Quotate) is a Milan-based, non-profit trade association founded in 2018 that represents Italian small and medium-sized enterprises listed on Euronext Growth Milan. The association provides collective representation before regulators and market institutions, training and corporate-governance education, networking and promotional support, and dedicated services to its roughly 100 listed SME members and around 40 market professionals.

Product overview

AssoNEXT is a professional association for Italian Listed SMEs (PMI Quotate) operating on Euronext Growth Milan and regulated markets. The organization offers a unified portfolio of services including representation/advocacy, professional training programs (Percorso Formativo per le PMI in partnership with Academy Euronext), publishing (AssoNEXT Magazine), and event management. Technical support is provided through four specialized committees covering ESG/Sustainability, Financial Communication, Regulations & Corporate Governance, and Buy Side & Investment Incentives. The association also organizes the annual AssoNEXT Awards to recognize excellence among listed SMEs.

Differentiator

Problem solved

Functional benefit

Products and services

• Membership for Listed SMEs (PMI Quotate) Membership category reserved for small and medium-sized enterprises listed on Euronext Growth Milan, granting access to representation, training, networking and promotional services provided by AssoNEXT. The association has approximately 100 listed SME members.
• Membership for Market Professionals Membership category aimed at capital-markets professionals (advisors, legal/financial intermediaries, sponsors) that support listed SMEs. Approximately 40 professionals are members.
• Institutional Representation and Advocacy Collective representation of member listed SMEs before regulators, market institutions, Borsa Italiana/Euronext and other stakeholders on regulatory and market-structure matters.
• Training and Corporate Governance Education Educational programs and corporate-governance training delivered to listed SMEs and market professionals, including input from the association's Scientific Committee.

Quantifiable outcome

• Listed SMEs on EGM reported cumulative turnover exceeding €10 billion, with EBITDA margins of 10–30% and over 34,000 employees (as of September 2024).
• +1 more outcomes

Named customers2 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Five partnerships are on record, tiered minor and core.

• BDOminorOthers · 1 January 2024AssoNEXT voluntarily submits its financial statements for audit. BDO serves as the statutory auditor for the association for the three-year period 2024-2026.
• AssonimecoreStrategic or Co-development Partner · 1 January 2024AssoNEXT and Assonime established a joint working group to develop shared guidelines on the content and methodology for sustainability reporting (ESG), supporting companies in the Euronext Growth Milan market in the reporting process and developing shared best practices.
• Academy EuronextcoreStrategic or Co-development Partner · 14 February 2022AssoNEXT formalised a partnership with Academy Euronext to provide training dedicated to member companies (Soci). The 'Percorso formativo per le PMI' (Training Pathway for SMEs) was created to deepen understanding of regulatory frameworks for capital markets and provide opportunities for peer-to-peer dialogue between members and EGM ecosystem professionals. Participation is free for one representative per member.
• EuropeanIssuerscoreStrategic or Co-development Partner · 18 January 2022AssoNEXT is a member of EuropeanIssuers, a pan-European organisation representing the interests of listed companies across Europe at EU institutions. This membership extends AssoNEXT's advocacy reach beyond Italy to the European regulatory level.
• Osservatorio PMI®minorGTM or Marketing Partner · 1 January 2022AssoNEXT is a Partner of Osservatorio PMI®, a financial research centre dedicated to Euronext Growth Milan. The partnership supports research, market visibility, and data-driven insights for listed SMEs.

Scale indicators3 records

Recent moves3 records

Expansion highlights5 records

Direct peers

• Assonime: Italian association of listed joint-stock companies, historically focused on mid- and large-cap issuers. Direct partner via the joint ESG working group; comparable in that both serve Italian listed corporates with advocacy, technical guidance and regulatory representation, but Assonime covers the full size spectrum whereas AssoNEXT is SME-only.
• Deutsches Aktieninstitut: German issuer association representing listed companies in Germany. Operates in a different market but the mandate (representation of listed companies, ESG/governance policy work) and member-funded association model overlap closely with AssoNEXT.
• EuropeanIssuers: Pan-European federation of national associations representing listed companies at EU institutions. AssoNEXT is itself a member, and the organisations share the same constituency (listed issuers) and remit (advocacy on EU capital-markets regulation). It is the most comparable peer because it is functionally the supranational layer of the same mission.
• Quoted Companies Alliance (QCA): UK independent membership body representing small and mid-cap quoted companies. Same business model (membership association for listed SMEs), same core services (corporate-governance guidance, regulatory advocacy, training) but operating in the UK market — closest geographic-functional analogue.

Broad incumbents

• Assogestioni: Italian association of asset-management, investment-management and private-equity operators. Different constituency (buy-side rather than issuers), but parallel Italian seat in capital-markets policy discussions and occasional co-issuance of market development initiatives with AssoNEXT.
• AFME (Association for Financial Markets in Europe): Pan-European trade association for global and European wholesale financial market participants (banks, brokers, investors). Wider remit and constituency, but also active on EU capital-markets regulation and Listing Act policy — a broader peer with overlapping advocacy agenda.

Others

• Borsa Italiana (Euronext Milan): Market operator of EGM and Euronext Milan. Not an association but the venue on which AssoNEXT's members list — comparable in scope (SME capital markets in Italy) although structurally different (for-profit market operator vs member-funded advocacy body).

Regional players

• MIDFINANCE: French professional association serving the financing of small and mid-cap companies. Same target audience (SMEs accessing capital markets) and same advocacy/training approach, but operating in France rather than Italy — useful cross-border comparator for AssoNEXT's niche.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/assonext

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about AssoNEXT