THE ITALIAN AGENDA - Mise 21_11_14.pdf• instill entrepreneurial culture and innovation in schools...

THE ITALIAN AGENDA

POLICIES AND STRATEGIES

FOR STARTUPS

ITALIAN MINISTER OF ECONOMIC DEVELOPMENT’S

TECHNICAL SECRETARIAT

SOCIAL MOBILITY

JOB CREATION

INNOVATION

MERITOCRACY

ENTREPRENEURSHIP

COMPETITIVENESS,

GROWTH

#RESTARTITALIA

BUILDING A NEW POLICY

#RESTARTITALIA

OPEN CONSULTATION

WITH +2,000

KEY PLAYERS

PUBLIC TASK FORCE

(12 TOP EXPERTS)

LAW 221/2012

ITALY’S STARTUP ACT

INNOVATIVE STARTUP

LAW 221/2012


DEFINITION

• NEW OR ESTABLISHED FOR NO LONGER THAN 48 MONTHS

• RESIDE OR BE SUBJECT TO TAXATION IN ITALY

• TURNOVER LOWER THAN 5 MILLION € (6.4 MILLION $)

• IT DOES NOT DISTRIBUTE PROFIT

• ITS CORE BUSINESS CONSISTS OF INNOVATIVE GOODS OR

SERVICES OF SIGNIFICANT TECHNOLOGICAL VALUE

• IT DOES NOT ORIGINATE FROM A MERGER, DEMERGER OR

DIVESTMENT PROCESS

LAW 221/2012


INNOVATIVE STARTUP

• MEETS AT LEAST ONE OF THE FOLLOWING CRITERIA:

1. 15% OF ITS COSTS ARE RELATED TO R&D

2. AT LEAST 1/3 OF THE TEAM IS MADE UP OF PEOPLE WHO

EITHER HOLD A PHD OR ARE PHD CANDIDATES IN ITALY OR

ABROAD OR HAVE CONDUCTED RESEARCH FOR AT LEAST 3

YEARS OR AT LEAST 2/3 OF THE TEAM IS MADE UP OF PEOPLE

HOLDING A MASTER’S DEGREE

3. IT IS THE OWNER OR THE LICENSEE OF A PATENT OR A

REGISTERED SOFTWARE

LAW 221/2012


INNOVATIVE STARTUP

MAIN SUPPORT MEASURES

LAW 221/2012


INNOVATIVE STARTUP

INNOVATIVE STARTUP

LAW 221/2012


• ONLINE REGISTRATION THROUGH SELF-CERTIFICATION

• NO FEES DUE TO THE CHAMBER OF COMMERCE FOR ANY KIND OF

DOCUMENT

• FLEXIBLE CORPORATE MANAGEMENT TOOLS – S.R.L. = S.P.A.

• ZERO TAX REGIME FOR COMPANIES SUFFERING FROM SYSTEMATIC

LOSSES

• FAIL FAST MECHANISM

CUTS IN RED TAPE

LAW 221/2012


• FIXED-TERM LABOUR CONTRACTS APPLICABLE FOR THE WHOLE

STARTUP’S LIFE CYCLE

• VARIABLE PAY DEPENDING ON THE STARTUP’S PERFORMANCE

• WORKERS & CONSULTANTS PAID WITH STOCK OPTIONS AND WORK

FOR EQUITY (TAXABLE AS CAPITAL GAIN!)

• 35% TAX CREDIT ON ALL COSTS FOR HIRING HIGHLY QUALIFIED

PERSONNEL

TAILOR-MADE LABOUR LAW

INNOVATIVE STARTUP

INNOVATIVE STARTUP

LAW 221/2012


• ROBUST TAX RELIEF ON INVESTMENTS INTO STARTUP’S EQUITY BY

ANGEL INVESTORS, VCS AND CORPORATES

• POSSIBILITY OF RAISING MONEY THROUGH EQUITY CROWDFUNDING

ONLINE PORTALS (FIRST TAILOR-MADE LAW ON AN INTERNATIONAL

LEVEL )

• FREE, FAST-TRACK PUBLIC GUARANTEE ON BANK LOANS, COVERING

80% OF THE LENT SUM

INCENTIVES FOR FUNDING & INVESTMENTS

Italia Startup Visa

THE ITALIAN GOVERNMENT POLICY TO ATTRACT INNOVATIVE

ENTREPRENEURS FROM ALL OVER THE WORLD

Italia Startup Visa

• VISA FOR EXTRA-EU CITIZENS WILLING TO

SET UP AN INNOVATIVE STARTUP IN ITALY

• CENTRALIZED PROCEDURE (ISV

TECHNICAL COMMITTEE)

• THE COMMITTEE EVALUATES THE

APPLICATION (CV + BUSINESS MODEL)

WITHIN 30 DAYS

#ItaliaStartupVisa

Italia Startup Visa

#ItaliaStartupVisa

• FINANCIAL RESOURCES FOR AT LEAST

50,000 € ARE REQUIRED

• PROCESS ENTIRELY MANAGED ONLINE,

THROUGH A DEDICATED WEBSITE:

ITALIASTARTUPVISA.MISE.GOV.IT

• 220 MILLION € MADE AVAILABLE FOR 0 INTEREST RATE STARTUP LOANS

• LENDING COVERS UP TO 80% OF INVESTMENT PROGRAMS AMOUNTING UP TO 1,5

MILLION €

• TARGET: INNOVATIVE STARTUPS AND INDIVIDUALS WILLING TO SET UP ONE WITHIN

60 DAYS, INCLUDING EXTRA-EU HOLDERS OF A STARTUP VISA

• FAST-TRACK FOR PROGRAMS FINANCED FOR AT LEAST 30% WITH CAPITAL

PROVIDED BY QUALIFIED INVESTORS

NURTURING HIGH-TECH STARTUPS

#SmartStart2

MORE THAN 2,900 HIGH-TECH STARTUPS: 56% LOCATED

IN NORTHERN, 23% IN CENTRAL AND 21% IN SOUTHERN

ITALY

SECTORS: 77% OPERATE IN SERVICES, 19% IN

INDUSTRY & CRAFTSMANSHIP, 4% IN TRADE

600 MILLION € TURNOVER

OVER 13,000 PARTNERS AND EMPLOYEES

ONLINE DATABASE: STARTUP.REGISTROIMPRESE.IT

THE ITALIAN STARTUP ECOSYSTEM

INCUBATOR ECOSYSTEM

32 CERTIFIED INCUBATORS (22 IN NORTHERN ITALY)

30 EMPLOYEES AND 3 MILLION € TURNOVER PER COMPANY


2,908 NEW STARTUPS

110 MLN € OF LOANS PROVIDED TO ISU THANKS TO PUBLIC GUARANTEE FUND

32 CERTIFIED INCUBATORS

15 STARTUP VISAS UNDER EVALUATION

11 EQUITY CROWDFUNDING PORTALS

RESULTS SO FAR


• MADE IN ITALY: A KEY DRIVER FOR THE SCALING-UP OF YOUR

STARTUP

• HIGH-QUALITY AND COMPETITIVE SKILLS

• GRASSROOTS MANUFACTURING CULTURE (FAST AND CHEAP

PROTOTYPING)

• ARTISTIC AND CULTURAL HERITAGE IS AN UNTAPPED ASSET

STRENGHTS


• ITALY IS A GATEWAY TO STRATEGIC MARKETS

• ITALY’S LIFESTYLE AS AN ASSET TO ENHANCE WORKING

ENVIRONMENT

• ADVANCED CONSUMPTION HABITS, WITH OPPORTUNITIES FOR

EXPANSION FOR INNOVATIVE PRODUCTS AND SERVICES

STRENGHTS

UPCOMING INTERNATIONAL EVENTS

#ITALIARESTARTSUP: 9-10 DECEMBER 2014, MILAN

THE ITALIAN MINISTRY OF ECONOMIC DEVELOPMENT AND

THE ITALIAN TRADE AGENCY HAVE TEAMED UP TO CREATE

THE FIRST DEDICATED EVENT FOR CO-FINANCING

OPPURTINITIES BETWEEN 50 ITALIAN AND 50 INTERNATIONAL

INVESTORS ON A SELECTED POOL OF 69 TOP ICT, DIGITAL,

CLEANTECH AND BIOTECH STARTUPS JUST ON THE VERGE

TO SCALE UP



GEC 2015 – 16-19 MARCH 2015, MILAN

THE GLOBAL ENTREPRENEURSHIP CONGRESS IS AN INTER-

DISCIPLINARY GATHERING OF STARTUP CHAMPIONS FROM

AROUND THE WORLD WHERE ENTREPRENEURS, INVESTORS,

RESEARCHERS, THOUGHT LEADERS AND POLICYMAKERS

FROM +140 COUNTRIES WORK TOGETHER TO HELP BRING

IDEAS TO LIFE, DRIVE ECONOMIC GROWTH AND EXPAND

HUMAN WELFARE


EXPO MILANO 2015 – 1 MAY - 31 OCTOBER 2015

EXPO MILANO 2015 IS A NON-COMMERCIAL UNIVERSAL

EXPOSITION WITH VERY UNIQUE AND INNOVATIVE FEATURES.

IT IS AN INCREDIBLE SOCIAL AND ENTREPRENEURIAL

PROCESS WHICH GATHERS A LARGE NUMBER OF IMPORTANT

PLAYERS FROM ALL OVER THE WORLD TO CONTRIBUTE TO

THE THEMES OF FEEDING THE PLANET AND ENERGY FOR

LIFE

• INSTILL ENTREPRENEURIAL CULTURE AND INNOVATION IN SCHOOLS (IN

COLLABORATION WITH THE ITALIAN MINISTRY OF EDUCATION, UNIVERSITY AND

RESEARCH)

• DEVELOP AND INTERNATIONALIZE VC AND CORPORATE VC FINANCING,

ESPECIALLY FOR MATURE INVESTMENT ROUNDS (REFINANCING OF VC FUND OF

FUNDS HELD BY THE ITALIAN INVESTMENT FUND)

• FACILITATE NETWORKING BETWEEN TRADITIONAL COMPANIES AND STARTUPS

(TAX CREDIT ON CONTRACTED R&D ACTIVITIES)

• FOSTER CROSS-FERTILIZATION WITHIN UNIVERSITIES (4 “CONTAMINATION LABS”

ALREADY LAUNCHED IN SOUTHERN ITALY - #CLAB)

• PROMOTE NETWORKING BETWEEN INCUBATORS, INSTITUTIONS, RESEARCH

CENTERS AND FINANCIAL INSTITUTIONS (WE NEED TO DEVELOP A STRONGER

TEAM WORK ATTITUDE)

• INTRODUCE GREATER COORDINATION BETWEEN NATIONAL AND REGIONAL

PUBLIC POLICIES (NEW GUIDELINES)

• SPEND EU FUNDS MORE EFFECTIVELY (SUPPORTING STARTUPS IN THE

PARTICIPATION IN EUROPEAN TENDERS)

FOR FURTHER

INFORMATION

WEB: WWW.MISE.GOV.IT

EMAIL: [email protected]

TWITTER: @MINSVILUPPO

THE ITALIAN AGENDA - Mise 21_11_14.pdf• instill entrepreneurial culture and innovation in schools...

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