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Italy has mobilized €9.7 billion in investments through €5.9 billion in public aid under the Important Projects of Common European Interest (IPCEI) framework. The latest annual report from the Ministry of Enterprises and Made in Italy highlights key innovation areas supported, including microelectronics, cloud technology, batteries, hydrogen, and healthcare.

The average leverage effect of IPCEIs is 1.64 for Italy, below the EU average of 1.77. Notable projects include €892 million for battery initiatives and €2.31 billion allocated for hydrogen projects.