SMACT was established on 17 December 2018 as a limited liability consortium that will oversee the Competence Centre of Triveneto to encourage research and business collaboration in “Industria 4.0” technologies. The name of the consortium is the acronym of the 5 technologies it will deal with: Social, Mobile, Analytics, Cloud and Internet of Things

The founders of SMACT are 8 north-east universities (Padova, Verona, Ca’ Foscari, IUAV, Trento, Bolzano, Udine and SISSA in Trieste), two research institutes (National Institute of Nuclear Physics and Fondazione Bruno Kessler), the Chamber of Commerce of Padova and 29 private companies:
ACCA software, Adige, Brovedani Group, CAREL Industries, Corvallis, Danieli & C. Officine Meccaniche, DBA lab, Electrolux Italia, EnginSoft, Eurosystem, Gruppo PAM, Innovation Factory, Intesa Sanpaolo, Keyline, Lean Experience Factory, Microtec, Miriade, Omitech, Optoelettronica Italia, OVS, SAVE, Schneider Electric, TEXA, TFM Automotive & Industry, Thetis, TIM, Umana, Wartsila Italia, Como Next.

The Competence Centre received funding amounting to 7 million euro from the Ministry of economic development to work mainly in 3 areas:
1) orientation services for businesses and SMEs in particular, by providing them with useful instruments to help them assess their digital and technological advancements; 
2) training for businesses, to enhance and disseminate the competences required by Industria 4.0 through formal training, training on the job and real applications;
3) innovation, industrial research and experimental development projects presented by businesses, and provision of technology transfer services within Industria 4.0, including by stimulating innovation within businesses and SMEs in particular.

SMACT is a dual governance consortium joint-stock company (S.c.p.a.) with a Management Board and a Supervisory Board.
The Management Board is made up of 7 members and is chaired by prof. Fabrizio Dughiero, Vice Rector for Tech Transfer of the University of Padua.
The Supervisory Board is made up of 16 directors and is chaired by Daniele Finocchiaro, President of the Board of Directors of the University of Trento.
Matteo Faggin, General Director of the Center, is in charge of the strategic and operational direction of SMACT (at the San Giobbe Economic Campus of the Ca 'Foscari University, Cannaregio 873, 30121, Venice).
Luca Fabbri is the Technical Director.