INNOVATIVE STARTUP


Benefits for young people-oriented and innovative companies


Vai alla sezione WHAT THEY AREWHAT THEY ARE



They are corporations, which may be set up as co-operatives, resident in Italy or in another EU Member Country provided they have a manufacturing site or a branch in Italy, that comply with certain requirements and have as their sole or main corporate aim the development, production and commercialisation of innovative products or services with a high technological value.

Vai alla sezione AIMS OF THE LEGISLATIONAIMS OF THE LEGISLATION



Immagine
  • to help develop a new business culture;
  • to create a context that is more favourable for innovation;
  • to promote greater social mobility;
  • to attract talent and foreign capital to Italy.

Vai alla sezione FUNDAMENTALS REQUIREMENTSFUNDAMENTALS REQUIREMENTS



  • the company must have been set up and be operating as a business for not more than 60 months;
  • the business must be resident in Italy, or in one of the European Union Member States, provided it has a manufacturing plant or branch in Italy;
  • the company's total annual production value, starting from the second year in business, must not exceed 5 million Euro;
  • the company must not distribute or have distributed profits;
  • the company must have as its sole or main object the development, production and commercialisation of innovative products or services with a high technological value;
  • the company must not have been set up as the result of a merger, demerger or following the transfer of a business or area of business.

Vai alla sezione ADVANTAGESADVANTAGES



  • lower set-up costs;
  • carrying forward of any losses for the year;
  • governance of limited liability companies: ability to issue financial bonds;
  • remuneration with financial instruments (e.g. stock options);
  • simplified employment agreements, tax credits for research and development;
  • investment incentives;
  • widespread collection of risk capital through on-line portals;
  • support for internationalisation;
  • crisis management: insolvency proceedings regulations are not applicable.