A first analysis

The potential economic impact

The economic potential of possible new collaborations between Italy and the United States, arising from the industrialisation of the outcomes of the innovation, science and technology dialogue.

Following up on the Declaration of the Joint Commission Meeting of 14 April 2026, in view of its Fifth US Stakeholders’ Meeting scheduled for 15 and 16 October 2026 in Washington, DC, the Transatlantic Harmonic Foundation (THF) has developed a series of Dynamic Position Papers mapping a number of significant potential correlations between Italian and American entities.

This year’s work is focused on accelerating the scientific, technological and innovation partnership between the most advanced ecosystems of Italy and the United States, and its translation into industrial co-investments between our two countries.

Scope

The perimeter analysed by THF

The Italian perimeter covers the entire national productive and research system; the US counterpart covers all 50 states.

Italy

National productive and research system

  • The five National PNRR Centres (€1.6 billion in public investment from the Ministry of University and Research)
  • Leading companies associated with Confindustria Nazionale operating in the sectors of the five Centres: Farmindustria, ANFIA, FederUnacoma, Federchimica, Confindustria Digitale, CTNA Aerospazio
  • Specific focus on Lombardy Technology Clusters and companies associated with Assolombarda and Confindustria Lombardia, in view of the collaboration with Regione Lombardia as NIAF Region of Honor 2026
United States

All 50 states

  • The 31 EDA Tech Hubs (CHIPS and Science Act 2022)
  • The main market technology clusters
  • The 59 Genesis Mission DOE Consortium partners ($293.76M, EO 14363, 2025)

Two documents

Two Dynamic Position Papers

THF’s work starts from two Dynamic Position Papers, developed separately, that capture, across the same technology fields, both possible partnerships in industrial cooperation and market transfer (document 1) and those in industrial research and experimental development (document 2).

01

Transatlantic Strategic Correlations

Cooperation between Most Relevant National Companies in the technology sectors of the 5 National PNRR Centres and US counterparts

The document starts from Italian companies and identifies their US counterparts sector by sector, mapping existing bilateral relationships, the activatable states and a hypothesis of the Genesis Mission and SYNERGY pathways.

02

Strategic Analysis

National PNRR Centres and US Innovation Hubs

Produced in parallel and shared with the MUR, the second document starts from US clusters and labs and traces back to the opportunities for the PNRR Centres. Its most original part is the Integrative Section, which integrates a Complete US States Analysis with the National Centres framework: across 51 states and territories it provides a systematic mapping with a relevance ranking for Italy, the presence of Italian companies, technology specialisations and the political context.

Convergence and complementarity

The two documents are complementary in perspective and reinforce each other: the first starts from Italian companies and identifies US counterparts sector by sector; the second starts from US clusters and labs and traces back to the opportunities for the PNRR Centres. Both converge on the same priority ecosystems, confirming the robustness of the matching framework. Together, they form the most complete analytical basis available to build THF’s strategy towards the 5th US Stakeholders’ Meeting of 15-16 October 2026.

The framework

The five National PNRR Centres

Both documents are structured around the technology verticals of the five National PNRR Centres. The figures below show, for each vertical, the affinity emerging across the 51 US states and territories.

CN1 · ICSC

HPC / AI / Quantum

48 states with affinity

CN3

RNA Gene Therapy

14 states with affinity

CN2

Agritech

12 states with affinity

CN5 · NBFC

Biodiversity

8 states with affinity

CN4 · MOST

Mobility

6 states with affinity

Overall

States & territories

51 systematically mapped

Technology verticals

The sectors analysed

The analysis, which also takes into account the institutional research priorities of both countries, focuses on identifying potential partnerships between research organisations, start-ups and companies across five technology verticals.

HPC, Big Data, Quantum Computing

  • ICT, Cloud and Artificial Intelligence
  • Semiconductors, Electronics and Space

Agritech: Agricultural Technologies

  • Large Food Industries and Food Tech
  • Agricultural Machinery, Plant Biotech and Agritech

Life Sciences, Gene Therapy and RNA-based Drugs

  • Originator Pharmaceuticals and Advanced Therapies
  • Diagnostics, Medical Devices and CRO

Energy, Cleantech, Mobility

  • Automotive, Components and Electric Vehicles
  • Transport Infrastructure, Rail and Aerial Mobility
  • Energy for Mobility and Smart Grid

Biodiversity

  • Energy, Chemistry and Biodiversity Impact
  • Sustainable Construction, Tourism and Urban Biodiversity

308

potential matches

Starting from this map, THF applied an algorithm to simulate the possible partnerships that could be established, taking into account both a sectoral and a geographical dimension.

Co-investment assumptions

  • €10M average co-investment into a first joint R&D partnership
  • €20M average co-investment into a subsequent joint industrial laboratory
  • €10M first co-investment ticket into a joint start-up

Three scenarios

Three collaboration scenarios

A preliminary estimate of potential impact, limited to the initial co-investments, across both countries.

Top scenario 75% / 50%

€ 4,036 bn

resources mobilised at initial stage

  • 231 joint R&D programmes
  • 58 new industrial labs
  • 58 start-ups incorporated

+22,551 estimated FTE jobs

Moderate scenario 50% / 40%

€ 2,461 bn

resources mobilised at initial stage

  • 154 joint R&D programmes
  • 31 new industrial labs
  • 31 start-ups incorporated

+13,128 estimated FTE jobs

Conservative scenario 25% / 30%

€ 1,117 bn

resources mobilised at initial stage

  • 77 joint R&D programmes
  • 12 new industrial labs
  • 12 start-ups incorporated

+5,764 estimated FTE jobs

Note: figures refer to the initial co-investments only. Each scenario assumes that a share of the 308 potential matches translates into a first joint R&D partnership, from which a further share reaches the market, split equally between joint industrial laboratories and start-ups.

The proposal

An active matching between Italy and the United States

On the basis of this work, THF intends to promote, in synergy with Harmonic Innovation Group and in collaboration with all institutional and corporate partners that will join the initiative, an active matching between Italy and the United States aimed at achieving these results, laying the groundwork for presenting, as early as next October in Washington, DC, some first concrete collaborations between ecosystems and trusted partners within these technology verticals.