Fondazione FORMIT - Foundation for Technology Migration and Research was established in Italy on 19 July 1985 and recognised as a Non-profit Corporate Body on 15 February 1991 by a Decree of the Italian Minister for University and Scientific and Technological Research. In 2004, the Economic and Social Council of the United Nations granted consultative status to FORMIT in recognition of its specific activities carried out with information technologies in the innovation sector for economic and social development. FORMIT Foundation constitutes a hub, which promotes highly technological activities and transfer the most meaningful experiences into advanced technology areas, developing scientific research activities, technical support and analysis, activities all related to industrial, financial and socio-economic evaluation as well.