WASHINGTON, DC / ROME, ITALY -- Interlink Capital Strategies (“Interlink”), a U.S.-based financial consulting and fund management firm, has been selected by the U.S. Government, through the United States Agency for International Development (USAID), to support Italy’s COVID-19 response. Interlink is working with three Italian companies as subcontractors on this activity—Morus Alti Campi, Centro Ortopedico Fisioterapico Cittá di Catania, and SportFisio.
Specifically, Interlink will help USAID mobilize capital to build the critical manufacturing base to fight the pandemic. The launch event for Italy took place on Nov. 12, 2020 in a virtual format to formally introduce and present the U.S. initiative’s achievements and participants.
Mr. Lewis M. Eisenberg, the U.S. ambassador to Italy, said, “Our purpose today is to celebrate the longstanding partnership between the United States and Italy by launching a program designed to further integrate our private sectors through U.S. government grants to Italian, American, and international companies.”
This initiative is part of a $50 million commitment from the United States government through USAID to help Italy’s healthcare system, private sector, and civil society to save lives and build resilience for the future. It will strengthen Italian businesses engaged in the research, development, or manufacture of therapeutics, vaccines, medical equipment, and supplies related to COVID-19.
“We are pleased to be one of the few U.S.-based companies to be chosen as one of USAID’s partners in Italy,” said Brady Edholm, Managing Director of Interlink. “This partnership should allow Italian companies with appropriate resources to aggressively expand or transition into activities that will provide the Italian economy with more tools to eradicate COVID-19.”
Interlink and its local Italian partners were chosen to design and establish an innovative funding platform to raise capital for the ramp up of PPE production, COVID-19 tests and medical supplies within Italy. With $1.4 million in catalytic capital from USAID, Interlink will leverage private capital, commercial lending, and other public funding for a portfolio of companies that can support Italy’s goal to increase the national production of badly needed COVID-19 supplies.
As a team of experts in solving business and financing needs, Interlink will perform due diligence, structure and raise funds, and run a public tender to help businesses expand or convert their current manufactured products to address the crisis, given the recent surge of cases in the region. Interlink has teamed up with three Italian partner companies—Morus Alti Campi, Centro Ortopedico Fisioterapico Cittá di Catania and SportFisio—to seek local business partners actively involved in the COVID-19 pandemic response. Interlink is looking forward to cooperating with providers of financing or grants who intend to support Italy’s COVID-19 response.
Interlink will launch two formal “Calls for Proposals” to provide catalytic funding to these businesses. The first call is open from October 26 to December 11, 2020 with award announcements in the week of January 25th, 2021. Interested companies can apply by visiting https://usaid-italy-esf.interlinkdc.com/login.
About Interlink Capital Strategies
Interlink, established in 1994, is a Washington, DC-based fund manager, management consulting and financial advisory firm specializing in Emerging and Frontier Market finance and business development. Interlink works closely with Development Finance Institutions and Export Credit Agencies around the world to develop business opportunities and/or finance them since these institutions are often the only long-term capital available in Africa, Latin America, parts of Eastern Europe, the Middle East and Asia. Currently Interlink manages three private equity funds – two commercial specialty lending platforms and an early stage geothermal power development fund for the German government and European Union in Latin America.
Photo Credit: USAID U.S. Agency for International Development