Fondazione Golinelli
Also known as Fondazione Marino Golinelli, FG Partecipazioni
Bologna foundation set up by Marino Golinelli in 1988; holds G-Factor’s legacy start-up stakes via FG Partecipazioni, is a promoting shareholder of Utopia SIS and joined Almacube in 2026.
- HEADQUARTERS
- Bologna, Italy
- FOUNDED
- 1988
- AUM
- —
- OUTSIDE CAPITAL
- No — own capital only
- TEAM LISTED
- 3 people
FOCUS
- STAGES
- Pre-SeedSeed
- ASSET MIX
- Venture capitalImpact
- GEOGRAPHY
- Italy
WHAT IT IS
Institutional LP. Pension funds, endowments, foundations and sovereign funds that commit capital to funds and, sometimes, directly.
- Special-purpose company created in 2026 to manage the portfolio of companies in which G-Factor took stakes
- Former incubator-accelerator and venture builder (2018–2026); business unit sold to Almacube in 2026
ABOUT
Fondazione Golinelli was created in Bologna in 1988 by entrepreneur and philanthropist Marino Golinelli and describes itself as a philanthropic holding active in education, research, start-up incubation and acceleration, venture capital and open innovation. Through its accelerator G-Factor (2018–2026) it took stakes in 24 start-ups, mainly in life sciences; since the 2026 sale of G-Factor’s business unit to Almacube, the legacy portfolio is managed by FG Partecipazioni S.r.l. It is a promoting shareholder of Utopia SIS, an investment company (SIS) for start-ups and innovative SMEs, and in April 2026 joined the shareholders of Almacube, the University of Bologna incubator, with a €1M investment.
PORTFOLIO (20)
- Utopia SIS S.p.A. (promoting shareholder)
- Almacube (shareholder since 2026; €1M investment)since 2026
- ReliefHealthTech
- P4PHealthTech
- MgShellHealthTech
- HoleyHealthTech
- Genoa InstrumentsDeep Tech
- enGenome (eVai)Biotech & Life Sciences
- DiamanteBiotech & Life Sciences
- ComplexdataHealthTech
- BionIT LabsHealthTech
- BCIHealthTech
- RecorneaHealthTech
- PerFormSBiotech & Life Sciences
- UCme BioscienceBiotech & Life Sciences
- DocunqueHealthTech
- AEQUIPHealthTech
- PoliRNABiotech & Life Sciences
- ImpavidHealthTech
- DNAswitchBiotech & Life Sciences
TEAM
LINKS
FAQ
Fondazione Golinelli is a institutional investor based in Bologna, Italy, founded in 1988.
Yes. Fondazione Golinelli invests directly in private companies. It also commits capital to third-party funds as an LP.
Fondazione Golinelli invests at Pre-Seed and Seed stages in Biotech & Life Sciences and HealthTech.
Key people at Fondazione Golinelli include Andrea Zanotti (President), Antonio Danieli (Vice President and Director General; sole director of G-Factor) and Eugenia Ferrara (Deputy Director; President of G-Lab S.r.l. Impresa sociale).
Fondazione Golinelli's investments include Utopia SIS S.p.A. (promoting shareholder), Almacube (shareholder since 2026; €1M investment), Relief, P4P, MgShell, Holey, Genoa Instruments and enGenome (eVai), among others.
The most recent publicly reported investment by Fondazione Golinelli is Almacube (Entry into share capital (€1M total investment)), announced in Apr 2026.
No. Fondazione Golinelli invests its own capital and does not raise money from outside investors.