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Page 1: The steps Italy has taken in order to become the next Startup Nation

THE STEPS ITALY HAS TAKEN IN ORDER TO BECOME THE NEXT

STARTUP NATION

Powered by:

Italian Ministry of Economic Development

Page 2: The steps Italy has taken in order to become the next Startup Nation

BETTING ON STARTUPS: WHY?

Entrepreneurship

Job Creation

Innovation

GROWTH

Meritocracy

Social Mobility

Page 3: The steps Italy has taken in order to become the next Startup Nation

BUILDING A NEW POLICY: HOW?

Public Task Force

gathering 12 top experts

Open Consultatio

n with +2.000 key

players

LAW 221/2012:

ITALY’S “STARTUP

ACT”

Page 4: The steps Italy has taken in order to become the next Startup Nation

NICE! ITALY HAS A STARTUP

POLICY, BUT…

What’s it about?Wait for it…

Page 5: The steps Italy has taken in order to become the next Startup Nation

LOADING OUR 10 COMMANDMENTS,

Get ready…?

Page 6: The steps Italy has taken in order to become the next Startup Nation

-1-You can now register your

startupONLINE,

FOR FREE

Don’t need to pay anything to set up your startup!

Page 7: The steps Italy has taken in order to become the next Startup Nation

-2-FLEXIBLE Labour Law

applicable for the whole startup’s life cycle

Temporary contracts for 4 years!

Page 8: The steps Italy has taken in order to become the next Startup Nation

-3-VARIABLE PAY

depending on your company’s

performanceThe better you work, the more $ you get!

Page 9: The steps Italy has taken in order to become the next Startup Nation

-4-You can remunerate workers

& consultants with STOCK OPTIONS &

WORK FOR EQUITY

No liquidity? No worries! You can pay your team with stock options!

Page 10: The steps Italy has taken in order to become the next Startup Nation

-5-TAX CREDIT of 35% for hiring highly-qualified

personnel

Need to hire a developer but don’t have 50k? 17.5k will be provided by the Gov!

Page 11: The steps Italy has taken in order to become the next Startup Nation

-6-Robust (19-27%)

TAX RELIEF on investments into

startups’ equityI’ve seen VCs and Business Angels over the

moon…

Page 12: The steps Italy has taken in order to become the next Startup Nation

-7-Startups can raise

money through EQUITY

CROWDFUNDING online portals

(1st tailored law on Earth)

Page 13: The steps Italy has taken in order to become the next Startup Nation

-8-Free, fast-track

PUBLIC GUARANTEE ON BANK LOANS

covering 80% of the sumBye-bye credit crunch!

Page 14: The steps Italy has taken in order to become the next Startup Nation

-9-Tailored support

by theITALIAN TRADE AGENCY

Specialists at your beck and call will help you go international!

Page 15: The steps Italy has taken in order to become the next Startup Nation

-10-FAIL-FAST

mechanism

In case things go wrong…you can move on to your next startup

quickly!

Page 16: The steps Italy has taken in order to become the next Startup Nation

OK, YOUR POLICY SOUNDS INTERESTING, BUT…OK,

Sure it’s not just pie in the

sky??

Page 17: The steps Italy has taken in order to become the next Startup Nation

Yep.≈ 1,800

high-tech startups set up in the last 12 months

Don’t believe me? Visithttp://startup.registroimprese.it/report/startup.pdf

Page 18: The steps Italy has taken in order to become the next Startup Nation

Italy’s startup Ecosystem

≈ 1,800 NEW HOPES FOR ITALY’S ECONOMY!

Page 19: The steps Italy has taken in order to become the next Startup Nation

Where are our startups based?

Italy’s 3 most populated Regions:1. Lombardy2. Lazio3. Emilia-Romagna

Italy’s 3 most populated cities:4. Milan5. Rome6. Turin

Page 20: The steps Italy has taken in order to become the next Startup Nation

What do they do?

0.20%

17.70%

3.60%

30.90%17.90%

29.30%

0.40%Agricolture 0.20%

Industry and Crafts-manship 17.70%

Trade 3.60%

ICT 30,90%

R&D 17.90%

Other services 29.30%

Tourism 0.40%

Page 21: The steps Italy has taken in order to become the next Startup Nation

What’s next?

ITALIA STARTUP VISA

Do you want to set up a startup in Italy?

Send us your business model, you’ll get your visa within 4

weeks

Page 22: The steps Italy has taken in order to become the next Startup Nation

Thank youFOR YOUR ATTENTION!

Page 23: The steps Italy has taken in order to become the next Startup Nation

For further information:

Web HTTP://WWW.MISE.GOV.IT/

Email [email protected]

Twitter @MINSVILUPPO