THE ITALIAN STARTUP AGENDA

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "THE ITALIAN STARTUP AGENDA"

Transcription

1 THE ITALIAN STARTUP AGENDA POLICIES AND STRATEGIES FOR STARTUPS STEFANO FIRPO ITALIAN MINISTRY OF ECONOMIC DEVELOPMENT, HEAD OF THE MINISTER S TECHNICAL SECRETARIAT LAST UPDATE: 10 FEBRUARY 2015

2 #RESTARTITALIA ENTREPRENEURSHIP JOB CREATION MERITOCRACY INNOVATION SOCIAL MOBILITY GROWTH

3 #RESTARTITALIA BUILDING A NEW POLICY PUBLIC TASK FORCE (12 TOP EXPERTS) OPEN CONSULTATION WITH +2,000 KEY PLAYERS

4 LAW 221/2012 ITALY S STARTUP ACT

5 INNOVATIVE STARTUP DEFINITION LAW 221/2012 ITALY S STARTUP ACT

6 INNOVATIVE STARTUP 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 ITALY S STARTUP ACT

7 INNOVATIVE STARTUP MEETS AT LEAST ONE OF THE FOLLOWING CRITERIA: 1. R&D EXPENDITURE: 15% OF ITS COSTS CONCERN R&D ACTIVITIES 2. QUALIFIED TEAM: AT LEAST 1/3 OF THE TEAM IS MADE UP OF PEOPLE WHO EITHER HOLD A PHD OR ARE PHD CANDIDATES AT AN ITALIAN OR FOREIGN UNIVERSITY 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. IP: IT IS THE OWNER OR THE LICENSEE OF A REGISTERED SOFTWARE OR PATENT LAW 221/2012 ITALY S STARTUP ACT

8 THE ITALIAN STARTUP ACT MAIN SUPPORT MEASURES LAW 221/2012 ITALY S STARTUP ACT

9 THE ITALIAN STARTUP ACT CUTS IN RED TAPE ONLINE REGISTRATION THROUGH SELF-CERTIFICATION NO FEES DUE TO THE CHAMBER OF COMMERCE FOR ANY DOCUMENT FLEXIBLE CORPORATE MANAGEMENT TOOLS LTD. = INC. ZERO TAX REGIME FOR COMPANIES SUFFERING FROM SYSTEMATIC LOSSES FAIL FAST MECHANISM FLEXIBILITY IN CAPITAL REPLENISHMENT AFTER LOSSES LAW 221/2012 ITALY S STARTUP ACT

10 THE ITALIAN STARTUP ACT TAILOR-MADE LABOUR LAW 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 LAW 221/2012 ITALY S STARTUP ACT

11 THE ITALIAN STARTUP ACT INCENTIVES FOR FUNDING & INVESTMENTS ROBUST TAX RELIEF (FROM 19 TO 27%) 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 FOR MORE INFO, HERE IS A SUMMARY OF ALL SUPPORT MEASURES LAW 221/2012 ITALY S STARTUP ACT

12 Italia Startup Visa THE ITALIAN GOVERNMENT POLICY TO ATTRACT INNOVATIVE ENTREPRENEURS FROM ALL OVER THE WORLD

13 Italia Startup Visa VISA FOR EXTRA-EU CITIZENS WILLING TO SET UP AN INNOVATIVE STARTUP IN ITALY CENTRALIZED, ONLINE PROCEDURE (ISV TECHNICAL COMMITTEE) THE COMMITTEE EVALUATES THE APPLICATION (CV + BUSINESS MODEL) WITHIN 30 DAYS FINANCIAL RESOURCES FOR AT LEAST 50,000 ARE REQUIRED PROCESS ENTIRELY MANAGED ONLINE, THROUGH A DEDICATED WEBSITE: #ItaliaStartupVisa

14 NURTURING HIGH-TECH STARTUPS 220 MILLION MADE AVAILABLE FOR ZERO 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 CITIZENS HOLDING A STARTUP VISA FAST-TRACK FOR PROGRAMS FINANCED FOR AT LEAST 30% WITH CAPITAL PROVIDED BY QUALIFIED INVESTORS KICK-OFF DATE: 16 TH OF FEBRUARY 2015 ( #SmartStart2

15 THE ITALIAN STARTUP ECOSYSTEM MORE THAN 3,200 HIGH-TECH REGISTERED STARTUPS: 57% LOCATED IN NORTHERN, 21% IN CENTRAL AND 22% IN SOUTHERN ITALY SECTORS: 77% OPERATE IN SERVICES (ICT, SOFTWARE, APP, MEDIA ETC.), 18% IN INDUSTRY & CRAFTSMANSHIP, 4% IN TRADE 700 MILLION EURO TURNOVER WITH OVER 13,000 PARTNERS AND EMPLOYEES ONLINE DATABASE:

16 ITALY S TOP STARTUP INCUBATORS 29 CERTIFIED INCUBATORS (20 IN NORTHERN ITALY) 30 EMPLOYEES AND 3 MILLION EURO TURNOVER PER COMPANY

17 THE ITALIAN STARTUP ECOSYSTEM RESULTS SO FAR 3,212 NEW REGISTERED STARTUPS (+40 PER WEEK) 351 BANK LOANS TO 279 INNOVATIVE STARTUPS (TOTAL AMOUNT: 128 MILLION; AVERAGE SIZE: ) THANKS TO PUBLIC GUARANTEE FUND 29 CERTIFIED INCUBATORS 20 STARTUP VISA APPLICATIONS UNDER EVALUATION 14 EQUITY CROWDFUNDING PORTALS

18 THE ITALIAN STARTUP ECOSYSTEM STRENGTHS MADE IN ITALY: A KEY DRIVER FOR THE SCALING-UP OF STARTUPS HIGH-QUALITY AND COMPETITIVE SKILLS GRASSROOTS MANUFACTURING CULTURE (FAST AND CHEAP PROTOTYPING) ARTISTIC AND CULTURAL HERITAGE, AN UNTAPPED ASSET ITALY IS A GATEWAY TO STRATEGIC MARKETS ADVANCED CONSUMPTION HABITS, WITH OPPORTUNITIES FOR EXPANSION FOR INNOVATIVE PRODUCTS AND SERVICES

19 RECENT INTERNATIONAL EVENT ITALIARESTARTSUP 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 ITALIAN AND +50 INTERNATIONAL INVESTORS ON A POOL OF 60 HIGHLY SELECTED HI-TECH, BIOTECH & CLEANTECH STARTUPS

20 UPCOMING INTERNATIONAL EVENTS GEC 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

21 UPCOMING INTERNATIONAL EVENTS EXPO MILANO 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

22 EXTEND THE APPLICABILITY OF THE STARTUP ACT TO ALL ITALIAN INNOVATIVE SMES (DONE!) REFINANCING OF VC FUND OF FUNDS HELD BY THE ITALIAN INVESTMENT FUND (DONE!) FACILITATE NETWORKING BETWEEN TRADITIONAL COMPANIES AND STARTUPS VIA TAX CREDIT ON CONTRACTED R&D ACTIVITIES (DONE!) DEVELOP AND INTERNATIONALIZE VC AND CORPORATE VC FINANCING, ESPECIALLY FOR MATURE INVESTMENT ROUNDS (UNDER WAY)

23 FOR FURTHER INFORMATION WEB:

The Italian Agenda. Policies and Strategies for Startups. Stefano Firpo Chief of Italian Minister of Economic Development s Technical Secretariat

The Italian Agenda. Policies and Strategies for Startups. Stefano Firpo Chief of Italian Minister of Economic Development s Technical Secretariat The Italian Agenda Policies and Strategies for Startups Stefano Firpo Chief of Italian Minister of Economic Development s Technical Secretariat #RestartItalia Entrepreneurship Job Creation Innovation Meritocracy

More information

THE ITALIAN POLICY FOR INNOVATIVE ENTREPRENEURSHIP @CORBETTAMATTIA ITALIAN MINISTRY OF ECONOMIC DEVELOPMENT MINISTER S TECHNICAL SECRETARIAT INNOVATIVE STARTUP ESTABLISHED FOR NO LONGER THAN 60 MONTHS

More information

THE ITALIAN POLICY FOR INNOVATIVE ENTREPRENEURSHIP

THE ITALIAN POLICY FOR INNOVATIVE ENTREPRENEURSHIP THE ITALIAN POLICY FOR INNOVATIVE ENTREPRENEURSHIP PAOLO CARNAZZA GENERAL DIRECTORATE FOR INDUSTRIAL POLICY, COMPETITIVENESS AND SMES ITALIAN MINISTRY OF ECONOMIC DEVELOPMENT WHY HIGH-TECH STARTUPS ARE

More information

THE ITALIAN STARTUP AGENDA

THE ITALIAN STARTUP AGENDA THE ITALIAN STARTUP AGENDA POLICIES AND STRATEGIES FOR INNOVATION ITALIAN MINISTRY OF ECONOMIC DEVELOPMENT DG FOR INDUSTRIAL POLICY, COMPETITIVENESS AND SMES MINISTER S TECHNICAL SECRETARIAT 26 TH MAY

More information

Executive summary of the new Italian legislation on start-ups

Executive summary of the new Italian legislation on start-ups Executive summary of the new Italian legislation on start-ups 29 th January 2014 Italian Ministry of Economic Development Minister s Technical Secretariat The steps Italy has taken in order to become the

More information

Executive Summary. of the new Italian legislation on innovative startups

Executive Summary. of the new Italian legislation on innovative startups Executive Summary of the new Italian legislation on innovative startups 20 th October 2014 Italian Ministry of Economic Development Minister s Technical Secretariat A new industrial policy for economic

More information

Italy Start-up Visa The Italian Government s policy for attracting innovative foreign entrepreneurs GUIDELINES

Italy Start-up Visa The Italian Government s policy for attracting innovative foreign entrepreneurs GUIDELINES Italy Start-up Visa The Italian Government s policy for attracting innovative foreign entrepreneurs GUIDELINES Ministry of Economic Development Ministry of Foreign Affairs Ministry of Home Affairs Ministry

More information

1_ The Italian Startup Ecosystem: "Who s Who" 2_ Investments in hi-tech startups in Italy. 3_ A selection of significant startups

1_ The Italian Startup Ecosystem: Who s Who 2_ Investments in hi-tech startups in Italy. 3_ A selection of significant startups 1_ The Italian Startup Ecosystem: "Who s Who" 2_ Investments in hi-tech startups in Italy 3_ A selection of significant startups The Italian Startup Ecosystem The players Funded Startups Innovative Startups

More information

DOING BUSINESS WITH ITALIAN INNOVATIVE COMPANIES

DOING BUSINESS WITH ITALIAN INNOVATIVE COMPANIES DOING BUSINESS WITH ITALIAN INNOVATIVE COMPANIES Office for Strategic Planning, Economic Research and Overseas Offices Innovation and Startup Team Via Liszt, 21-00144 Roma - Italy pianificazione.strategica@ice.it

More information

CROSSLANDING Portfolio

CROSSLANDING Portfolio ACCELMED Project CROSSLANDING Portfolio Focus Business landing service: supporting foreign entrepreneurs & companies to set up in a city/region. Although formal set up in a foreign country sometimes starts

More information

The Startup Ecosystem & the Investments in Hi-tech Startups in Italy

The Startup Ecosystem & the Investments in Hi-tech Startups in Italy The Startup Ecosystem & the Investments in Hi-tech Startups in Italy Observatory on Hi-tech Startups in Italy Andrea Rangone School of Management, Politecnico di Milano IN COLLABORATION WITH WITH THE INSTITUTIONAL

More information

Promoting hi-tech entrepreneurship through university -based technology incubatorssome thoughts coming from experience

Promoting hi-tech entrepreneurship through university -based technology incubatorssome thoughts coming from experience Trade and Development Board Investment, Enterprise and Development Commission Multi-year expert meeting on enterprise development policies and capacity-building in science, technology and innovation Geneva,

More information

ELEFTHO : Supporting Business Incubators & technology parks.

ELEFTHO : Supporting Business Incubators & technology parks. ELEFTHO : Supporting Business Incubators & technology parks. Region of Central Macedonia Task Page 1 of 14 Contents Description of policy... 3 Name of the policy... 3 Responsible body... 3 Implementation

More information

Start-Ups, Digital Entrepreneurs and Investors

Start-Ups, Digital Entrepreneurs and Investors Bavarian Ministry of Economic Affairs and Media, Energy and Technology Bavaria an Ideal Location for Start-Ups, Digital Entrepreneurs and Investors www.stmwi.bayern.de Bavaria an ideal location for Start-Ups,

More information

austria wirtschaftsservice 2012 06 15 Belgrade Jovo Nedic

austria wirtschaftsservice 2012 06 15 Belgrade Jovo Nedic austria wirtschaftsservice 2012 06 15 Belgrade Jovo Nedic Agenda About aws aws policy and instruments for innovation Programs and Instrumens for innovative companies Programs and Instrumens for High-Tech

More information

THE ITALIAN STARTUP ECOSYSTEM. Digital Magics All rights reserved

THE ITALIAN STARTUP ECOSYSTEM. Digital Magics All rights reserved THE ITALIAN STARTUP ECOSYSTEM THE EUROPEAN CONTEXT 5.7B INVESTED IN 2014 FOR VC-BACKED VENTURES Annual European VC-Backed Tech Financings (2011-2014) 2.3B 3.2B 3.2B 5.7B 2011 2012 2013 2014 INVESTMENT

More information

SUPPORT SYSTEMS FOR GREEN STARTUPS INCUBATORS AND STARTUP COMPETITIONS IN GERMANY DR. RALF WEIß, BORDERSTEP INSTITUTE FLENSBURG, MARCH 26TH 2014

SUPPORT SYSTEMS FOR GREEN STARTUPS INCUBATORS AND STARTUP COMPETITIONS IN GERMANY DR. RALF WEIß, BORDERSTEP INSTITUTE FLENSBURG, MARCH 26TH 2014 International Green Entrepreneurship Forum SUPPORT SYSTEMS FOR GREEN STARTUPS INCUBATORS AND STARTUP COMPETITIONS IN GERMANY DR. RALF WEIß, BORDERSTEP INSTITUTE FLENSBURG, MARCH 26TH 2014 An Initiative

More information

Marco Cantamessa Politecnico di Torino and I3P. HIGH-TECH ENTREPRENEURSHIP From theory to practice

Marco Cantamessa Politecnico di Torino and I3P. HIGH-TECH ENTREPRENEURSHIP From theory to practice Marco Cantamessa Politecnico di Torino and I3P HIGH-TECH ENTREPRENEURSHIP From theory to practice 1 What s the most important thing in a high-tech enterprise? 2 3 These people (entrepreneurs) have 1. Created

More information

Alain Schmitt Directorate General for Enterprise October 14 th, 2014

Alain Schmitt Directorate General for Enterprise October 14 th, 2014 Alain Schmitt Directorate General for Enterprise October 14 th, 2014 I. Facts and figures about innovation in France II. Startup financing III. Entrepreneurship culture and ecosystems Worldwide ranking

More information

Digital Entrepreneurship Monitor. EC, Dana Eleftheriadou EY, Alessandro Cenderello Brussels, 26 September 2014

Digital Entrepreneurship Monitor. EC, Dana Eleftheriadou EY, Alessandro Cenderello Brussels, 26 September 2014 Digital Entrepreneurship Monitor EC, Dana Eleftheriadou EY, Alessandro Cenderello Brussels, 26 September 2014 Digital Entrepreneurship Monitor Agenda 1. Overview of national policy initiatives and business

More information

Financing Innovation: the Lombardy Region approach

Financing Innovation: the Lombardy Region approach Financing Innovation: the Lombardy Region approach Alberto Trombetta PhD Head of Venture Capital, Finlombarda Gestioni SGR Milan, 2 December 2009 An ad hoc management company for Venture Capital in Lombardy

More information

Guide to Public and Private Funding

Guide to Public and Private Funding Guide to Public and Private Funding Introduction to public and private funding Key Public Funding Opportunities Key Private Funding Opportunities Which funding opportunity is right for my business? Do

More information

Entrepreneurship Promotion in Germany

Entrepreneurship Promotion in Germany Entrepreneurship Promotion in Germany Dr. Utz Dornberger small enterprise promotion & training Leipzig, Januar 2003 1 Agenda 1. Entrepreneurship-Management in Germany 2. Entrepreneurship Support Network

More information

What innovation support tools are available for ITC and e-business startups and SMEs?

What innovation support tools are available for ITC and e-business startups and SMEs? What innovation support tools are available for ITC and e-business startups and SMEs? Ilze Skrebele-Stikāne Project manager Project Development Division National Development Plan 2007-2013 Entrepreneurship

More information

Building the Entrepreneurs Colony: Hong Kong Vs Singapore By Cora Cheung

Building the Entrepreneurs Colony: Hong Kong Vs Singapore By Cora Cheung Building the Entrepreneurs Colony: Hong Kong Vs Singapore By Cora Cheung Start-ups have been the buzz words in recent years and it is believed to be the driver of the next economic boom; sharing the spotlight

More information

STARTUP AMERICA LEGISLATIVE AGENDA

STARTUP AMERICA LEGISLATIVE AGENDA STARTUP AMERICA LEGISLATIVE AGENDA An economy built to last is one where we encourage the talent and ingenuity of every person in this country It means we should support everyone who s willing to work,

More information

Impact Investing Lab Financing innovation: the role of Angel Investing

Impact Investing Lab Financing innovation: the role of Angel Investing Impact Investing Lab Financing innovation: the role of Angel Investing December 3rd, 2014 www.iban.it Entrepreneurship: a definition

More information

5. Funding Available for IP-Rich Businesses

5. Funding Available for IP-Rich Businesses 20 IP Finance Toolkit 5. Funding Available for IP-Rich Businesses Introduction As the Banking on IP? report notes; SMEs first port of call for finance is often a bank. Figures quoted in the report show

More information

Financing a New Venture

Financing a New Venture Financing a New Venture A Canadian Innovation Centre How-To Guide 1 Financing a new venture New ventures require financing to fund growth Forms of financing include equity (personal, family & friends,

More information

European Union SME policies. Ulla Hudina

European Union SME policies. Ulla Hudina European Union SME policies Ulla Hudina EU Finance Day for SMEs, Athens, 20th January 2009 Supporting SMEs SMEs backbone of EU economy: important players in all value chains; 23 million SMEs (99 % of all

More information

Call for Evidence. The economic impact of the Tier 1 (Entrepreneur) route. Migration Advisory Committee

Call for Evidence. The economic impact of the Tier 1 (Entrepreneur) route. Migration Advisory Committee Call for Evidence The economic impact of the Tier 1 (Entrepreneur) route Migration Advisory Committee March 2015 Migration Advisory Committee, 3rd Floor, Seacole Building, 2 Marsham Street, London, SW1P

More information

Options for Financial and Technical Support for Youth Entrepreneurial Development. December 2014

Options for Financial and Technical Support for Youth Entrepreneurial Development. December 2014 Options for Financial and Technical Support for Youth Entrepreneurial Development December 2014 THE REAL JAMAICA Approximately 25% of the labour force earns at the level of the national minimum wage. Approximately

More information

MBAs and Family Business: is there a fit? Survey s results and main takehomes

MBAs and Family Business: is there a fit? Survey s results and main takehomes MBAs and Family Business: is there a fit? Survey s results and main takehomes Milan, October 19 th 2011 Agenda About the SDA Bocconi Entrepreneur Club Riccardo Capretti - MBA Student Entrepreneur Club

More information

A Canada that Wins The National Election Platform of the Canadian Chamber of Commerce May 2015 A Canada that Wins The Canadian Chamber of Commerce 1

A Canada that Wins The National Election Platform of the Canadian Chamber of Commerce May 2015 A Canada that Wins The Canadian Chamber of Commerce 1 A Canada that Wins The National Election Platform of the Canadian Chamber of Commerce May 2015 A Canada that Wins The Canadian Chamber of Commerce 1 Foreword As the country s largest and most representative

More information

aws High Technology Boosting innovation! Pre Start up Start up Growth International

aws High Technology Boosting innovation! Pre Start up Start up Growth International aws High Technology Boosting innovation! Pre Start up Start up Growth International Bringing high-tech to life Are you planning to establish a company with an information and communication technology,

More information

EXPO MILANO 2015. Paolo Alli Deputy Commissioner General

EXPO MILANO 2015. Paolo Alli Deputy Commissioner General EXPO MILANO 2015 Paolo Alli Deputy Commissioner General What s a World Expo? An event involving Governments of the countries around the world, International Organizations, Civil Society and private sector

More information

EUROPEAN CHARTER FOR SMALL ENTERPRISES

EUROPEAN CHARTER FOR SMALL ENTERPRISES EUROPEAN CHARTER FOR SMALL ENTERPRISES Small enterprises are the backbone of the European economy. They are a key source of jobs and a breeding ground for business ideas. Europe s efforts to usher in the

More information

The Promotion of Women Entrepreneurship in Finland

The Promotion of Women Entrepreneurship in Finland The Promotion of Women Entrepreneurship in Finland 26.10.2010 Tuulikki Laine-Kangas Women entrepreneurship in Finland 83 000 women entrepreneurs Women entrepreneurs accounted for over 30 % of the total

More information

COMPANY PROFILE LVENTURE GROUP CAPITAL FOR GROWTH. We create value by investing in the best digital startups

COMPANY PROFILE LVENTURE GROUP CAPITAL FOR GROWTH. We create value by investing in the best digital startups COMPANY PROFILE LVENTURE GROUP CAPITAL FOR GROWTH We create value by investing in the best digital startups Via Marsala 29 H/I, 00185 Rome (Italy) +39 06 4547 3124 lventuregroup.com info@lventuregroup.com

More information

TOP UNIVERSITY BUSINESS INCUBATORS GLOBAL BENCHMARK 2015/16

TOP UNIVERSITY BUSINESS INCUBATORS GLOBAL BENCHMARK 2015/16 TOP UNIVERSITY BUSINESS INCUBATORS GLOBAL BENCHMARK 2015/16 Definitions & Methodology Definition Difference Between Ranking And Benchmarking Ranking Methodology Benchmarking Categories Sample & Landscape

More information

CIRCULAR NO. 16/E. Rome, 11 June 2014

CIRCULAR NO. 16/E. Rome, 11 June 2014 CIRCULAR NO. 16/E Direzione Centrale Normativa Rome, 11 June 2014 SUBJECT: Article 25 et seq. of Decree-Law no. 179 of 18 October 2012, approved, with amendments, by Law no. 221 of 17 December 2012 Tax

More information

Ministerie van Toerisme, Economische Zaken, Verkeer en Telecommunicatie Ministry of Tourism, Economic Affairs, Transport and Telecommunication

Ministerie van Toerisme, Economische Zaken, Verkeer en Telecommunicatie Ministry of Tourism, Economic Affairs, Transport and Telecommunication SME Policy Framework for St. Maarten May, 2014 Department of Economic Affairs, Transportation & P. 1 of 16 TABLE OF CONTENTS 1. Introduction 2. SME Developments in St. Maarten 2.1 Definition 2.2 Government

More information

trainer course on IPR support for the internationalization of innovative biotech SMEs.

trainer course on IPR support for the internationalization of innovative biotech SMEs. Train the trainer course on IPR support for the internationalization of innovative biotech SMEs Via Santa Marta 18, Milan, ITALY June 13th, 2012 INNOVHUB SSI, in collaboration with ABC Europe, is pleased

More information

: CENTRAL EUROPEAN EXPERTS IN KNOWLEDGE MANAGEMENT

: CENTRAL EUROPEAN EXPERTS IN KNOWLEDGE MANAGEMENT : CENTRAL EUROPEAN EXPERTS IN KNOWLEDGE MANAGEMENT March 2014 We have been instrumental in Slovakia s efforts to build knowledgebased economy 2015-2020 Science parks 2008-2012 2009-2012 2011-2015 Larger

More information

Eyal Lifschitz. Founding Managing Partner. eyal@peregrinevc.com

Eyal Lifschitz. Founding Managing Partner. eyal@peregrinevc.com Eyal Lifschitz Founding Managing Partner eyal@peregrinevc.com Israeli Market The Israeli Technology Landscape Israel is Ranked No. 2 in the world in the number of foreign companies listed on the NASDAQ

More information

Digital Entrepreneurship & ICT Innovation Vouchers

Digital Entrepreneurship & ICT Innovation Vouchers Digital Entrepreneurship & ICT Innovation Vouchers SMEs Going Digital Helen Köpman European Commission DG Connect - Innovation Why ICT matters ICT is key enabler of competitiveness and innovation By 2016,

More information

2015 SBA Fact Sheet Montenegro

2015 SBA Fact Sheet Montenegro 2015 SBA Fact Sheet Montenegro Key points Implementing the Small Business Act for Europe (SBA): The SBA profile of Montenegro presents a rather positive picture. Several principles score above the EU average,

More information

Unleash Hong Kong s potential Think Asia, Think Hong Kong

Unleash Hong Kong s potential Think Asia, Think Hong Kong Unleash Hong Kong s potential Think Asia, Think Hong Kong Hong Kong-Canada bilateral trade relations Hong Kong - one of the priority markets of Canada announced by the federal government in 2013 Hong Kong

More information

Entrepreneurship & Innovation in Business

Entrepreneurship & Innovation in Business Michael Farrell Director PKF-FPM ACCOUNTANTS LTD. Entrepreneurship & Innovation in Business Raising Finance for Innovative Products Format of Workshop Overview and Importance of Innovation. Cause of funding

More information

aws Risk Capital Boosting innovation! International Growth

aws Risk Capital Boosting innovation! International Growth aws Risk Capital Boosting innovation! Pre-Startup Startup Growth International Risk capital as a backbone for the growth of innovative businesses You are looking for an investor to bring in fresh capital

More information

MID-TERM RAPIDE POLICY RECOMMENDATIONS SUMMARY

MID-TERM RAPIDE POLICY RECOMMENDATIONS SUMMARY MID-TERM RAPIDE POLICY RECOMMENDATIONS SUMMARY RAPIDE s fast track status provides a clear channel for policy recommendations developing through the project to be heard by the Commission. The Commission

More information

Government financing for innovative enterprises Policy mix and changes over time lessons learned

Government financing for innovative enterprises Policy mix and changes over time lessons learned Government financing for innovative enterprises Policy mix and changes over time lessons learned Pertti Valtonen, Counsellor Ministry of Employment and the Economy, Finland International Conference, Entrepreneurship

More information

Summary of the FabriQ 2 Call for Proposals to promote and support entrepreneurial projects in the field of social innovation

Summary of the FabriQ 2 Call for Proposals to promote and support entrepreneurial projects in the field of social innovation Summary of the FabriQ 2 Call for Proposals to promote and support entrepreneurial projects in the field of social innovation Please note that this text is a brief summary of the Call for Proposal. The

More information

KEYNOTE ADDRESS BY THE HONOURABLE MINISTER OF THE SMALL BUSINESS DEVELOPMENT, MS LINDIWE ZULU, AT THE D GROUP CORPORATE FORUM

KEYNOTE ADDRESS BY THE HONOURABLE MINISTER OF THE SMALL BUSINESS DEVELOPMENT, MS LINDIWE ZULU, AT THE D GROUP CORPORATE FORUM KEYNOTE ADDRESS BY THE HONOURABLE MINISTER OF THE SMALL BUSINESS DEVELOPMENT, MS LINDIWE ZULU, AT THE D GROUP CORPORATE FORUM 26 November 2014 (Illovo) Programme Director, Distinguished guests, Ladies

More information

ECONOMIC STIMULUS PLAN AND SUPPORT FOR THE ENTREPRENEUR

ECONOMIC STIMULUS PLAN AND SUPPORT FOR THE ENTREPRENEUR ECONOMIC STIMULUS PLAN AND SUPPORT FOR THE ENTREPRENEUR «The Government is going to undertake a second generation of reforms that will be useful and, once again, create growth and employment» 20 February

More information

Growth Academy. Startup Commons Global Startup Curriculum. Jan 26, 2016.

Growth Academy. Startup Commons Global Startup Curriculum. Jan 26, 2016. Startup Commons Global + + www.startupcommons.org + + @startupcommons + + Growth Academy Startup Curriculum Jan 26, 2016 Copyrights Startup Commons 2016 Part of the Growth Academy Discovering the startup

More information

AGENDA, Friday 24 October 2008. Financing Technology Ventures. FINANCING Technology Ventures Agenda. Capital: for what? Business Development!

AGENDA, Friday 24 October 2008. Financing Technology Ventures. FINANCING Technology Ventures Agenda. Capital: for what? Business Development! AGENDA, Friday 24 October 2008 Financing Technology Ventures FINANCING Technology Ventures Agenda Capital: for what? The Sources: Origin of Capital Types related to Business Development Investors: types

More information

About the OECD Tourism Committee

About the OECD Tourism Committee Updated: March 2015 The Organisation for Economic Co-operation and Development (OECD) provides a forum in which governments can work together to share experiences and seek solutions to common problems.

More information

Access to finance for. SMEs. István NÉMETH European Commission DG for Internal Market, Industry, Entrepreneurship and SMEs

Access to finance for. SMEs. István NÉMETH European Commission DG for Internal Market, Industry, Entrepreneurship and SMEs Access to finance for SMEs István NÉMETH European Commission DG for Internal Market, Industry, Entrepreneurship and SMEs Why EU intervention needed? EU financial instruments for SMEs Building on success

More information

E M C U B A T O R. Female Entrepreneurs

E M C U B A T O R. Female Entrepreneurs I R E L A N D E M C U B A T O R Female Entrepreneurs Women are exemplary business leaders and innovators in a diversity of businesses in Ireland. The international women entrepreneurs leading an existing

More information

Business Angels in Europe today. Aleksandar Cabrilo EBAN

Business Angels in Europe today. Aleksandar Cabrilo EBAN Business Angels in Europe today Aleksandar Cabrilo EBAN About EBAN Not for profit organization based in Brussels Created in 1999 by Eurada with the support of European Commission Members in 35 countries

More information

THE BUSINESS INCENTIVES REPORT

THE BUSINESS INCENTIVES REPORT THE BUSINESS INCENTIVES REPORT CONTENTS Introduction... 4 Regional Economic Development Councils... 6 The Buffalo Billion... 8 Tax-Free Incentives... 9 New York State Certified Business Incubator and

More information

Venture Capital s Role in the US Renewable Energy Sector

Venture Capital s Role in the US Renewable Energy Sector Venture Capital s Role in the US Renewable Energy Sector Abstract: This white paper describes the venture capital industry, its role in the development of a U.S. renewable energy sector, and the aspects

More information

Manchester City Council Report for Information. Overview and Scrutiny Business Start Up Task and Finish Group 1 February 2012

Manchester City Council Report for Information. Overview and Scrutiny Business Start Up Task and Finish Group 1 February 2012 Manchester City Council Report for Information Report To: Subject: Report of: Overview and Scrutiny Business Start Up Task and Finish Group 1 February 2012 Access to Finance for Start Up Businesses Interim

More information

D2.1 Report on mapping the ecosystem

D2.1 Report on mapping the ecosystem 1 D2.1 Report on mapping the ecosystem 2 Project no. 644367 Project acronym: MY WAY Project title: Strengthening the web entrepreneurship ecosystem and the services offered across the chain of actors by

More information

Capital Markets and Informal Equity Investments

Capital Markets and Informal Equity Investments Capital Markets and Informal Equity Investments Framework Paper and Project Proposal Glenda Napier FORA ICE Workshop Copenhagen 12-13 October, 2006 Outline 1. Financing Gaps Prevent Entrepreneurial Activity

More information

Financing for innovative development

Financing for innovative development Financing for innovative development Business angel investing in Europe Thursday, May 3rd 2007 Claire Munck General Manager European Business Angel Network Index Characteristics of Business Angels Characteristics

More information

Grow VC Group ++ www.growvc.com ++ @growvc ++ Copyrights Grow VC Group 2014 smart city expo 2014 Valto Loikkanen

Grow VC Group ++ www.growvc.com ++ @growvc ++ Copyrights Grow VC Group 2014 smart city expo 2014 Valto Loikkanen Grow VC Group ++ www.growvc.com ++ @growvc ++ Copyrights Grow VC Group 2014 smart city expo 2014 Valto Loikkanen For twitter @valto #startupecosystem About me As an Entrepreneur 20 years as international

More information

Supporting entrepreneurship and entrepreneurial learning in Estonia

Supporting entrepreneurship and entrepreneurial learning in Estonia Supporting entrepreneurship and entrepreneurial learning in Estonia Aare Raev Business Development Specialist Pärnu City Government (Picture by Urmas Luik) Pre-incubation key to entrepreneurial youth The

More information

Rihards Gailums. Twitter: @RihardsGailums. rihards.gailums@rhtu.edu.lv

Rihards Gailums. Twitter: @RihardsGailums. rihards.gailums@rhtu.edu.lv Rihards Gailums Twitter: @RihardsGailums rihards.gailums@rhtu.edu.lv Tech Startups are main driving force of competitiveness for small, knowledge based economies NOT- SCALABLE SCALABLE Exponential Technologies

More information

RAISING CAPITAL SEMINAR Ivan Nikkhoo

RAISING CAPITAL SEMINAR Ivan Nikkhoo RAISING CAPITAL SEMINAR Ivan Nikkhoo SEMINAR OBJECTIVES: Raising capital and building a high-growth company is about understanding the changing needs and challenges of a company throughout its lifecycle.

More information

Funding possibilities for Norwegian companies projects in the Baltics

Funding possibilities for Norwegian companies projects in the Baltics Funding possibilities for Norwegian companies projects in the Baltics Many funding sources for internationalisation Norwegian Nordic *Sample in case an international development in Estonia EU/EEA Norwegian

More information

ORIGINAL: English DATE: November 1999 E GOVERNMENT OF TRINIDAD AND TOBAGO WORLD INTELLECTUAL PROPERTY ORGANIZATION WIPO NATIONAL SEMINAR ON INNOVATION PROMOTION organized by the World Intellectual Property

More information

56. What is the EC residence permit? It is a document that authorizes your residence in Italy for an open-ended/indefinite period.

56. What is the EC residence permit? It is a document that authorizes your residence in Italy for an open-ended/indefinite period. 1 STAY 1.1 EC long-term residence permit 56. What is the EC residence permit? It is a document that authorizes your residence in Italy for an open-ended/indefinite period. 57. What requirements must be

More information

Women, Hi-Tech, Policy, Expo2015: Opportunities and Roles

Women, Hi-Tech, Policy, Expo2015: Opportunities and Roles Women, Hi-Tech, Policy, Expo2015: Opportunities and Roles Mirella Mastretti, President Paola Corradi, Vice President Talent4Rise, Milan, Italy Abstract The future of technology is seeing women as co-protagonists

More information

Starting a Small Business in British Columbia

Starting a Small Business in British Columbia Starting a Small Business in British Columbia Starting a Small Business in British Columbia Table of Contents Starting Your Small Business In British Columbia 1 Is Owning A Small Business For You? 2 Do

More information

STARTUP NATION: Israel s Surprising Economic Success In The Face Of Adversity (And What It Means For SC)

STARTUP NATION: Israel s Surprising Economic Success In The Face Of Adversity (And What It Means For SC) STARTUP NATION: Israel s Surprising Economic Success In The Face Of Adversity (And What It Means For SC) The State of Israel is a Startup November 29, 1947 UN General Assembly votes to adopt the UN Partition

More information

GE Global Innovation Barometer

GE Global Innovation Barometer GE Global Innovation Barometer 2013 Results Focus Sweden 1 Copyright 2012 Daniel J Edelman Inc. GE global innovation barometer methodology Now in its third edition and spanning across 25 countries, the

More information

The Economic Impact of the. Centre for Commercialization of Research

The Economic Impact of the. Centre for Commercialization of Research The Economic Impact of the Centre for Commercialization of Research Executive Summary Prepared for Centre for Commercialization of Research Prepared by: in association with September 2012 Executive Summary

More information

Successful Accounting/Financing for Small Business Financing Overview

Successful Accounting/Financing for Small Business Financing Overview Successful Accounting/Financing for Small Business Financing Overview Department of Economics Finance, and Decision Sciences University of North Carolina at Pembroke ramin.maysami@uncp.edu 910-987-2311

More information

Member Finra/SIPC Seed Equity Ventures

Member Finra/SIPC Seed Equity Ventures Member Finra/SIPC 1 Disclaimer Important Information This presentation has been prepared solely for informational purposes. These materials are not an offer to sell nor a solicitation of any offer to purchase

More information

MEASURES FOR BUSINESSES

MEASURES FOR BUSINESSES MEASURES FOR BUSINESSES (A) Addressing Near-Term Concerns In view of the current economic conditions, the Government will provide calibrated measures to address cyclical headwinds while supporting firms

More information

Historically, the City has focused on all small businesses, not specifically high growth enterprises. Past efforts include:

Historically, the City has focused on all small businesses, not specifically high growth enterprises. Past efforts include: High Growth Entrepreneurship Strategy November 12, 2012 Background In May 2011, City Council directed staff to begin work on a high growth entrepreneurship strategy for their review and consideration.

More information

STARTUP EUROPE Web Entrepreneurs

STARTUP EUROPE Web Entrepreneurs STARTUP EUROPE Web Entrepreneurs Summary: Active Contracts (ONGOING) TechAllStars Europioneers EurApp App Economy Study Accelerators Assembly Network Crowdfunding Network VCs related to the web DAA2012

More information

MERGER & AFFILIATION SEMINAR 2013 TAX INCENTIVES FOR MERGER OF SMALL ENTITIES

MERGER & AFFILIATION SEMINAR 2013 TAX INCENTIVES FOR MERGER OF SMALL ENTITIES MERGER & AFFILIATION SEMINAR TAX INCENTIVES FOR MERGER OF SMALL ENTITIES 1 Disclaimer The views and opinions expressed herein do not represent the official views of the MIA, its Council or any of its Committees.

More information

Session 5: Sub-national innovation systems. Challenges and experiences

Session 5: Sub-national innovation systems. Challenges and experiences Minas Gerais meeting towards the national conference of S&T 2010 PRAGMATIC APPROACHES TO TECHNOLOGY TRANSFER AND COMMERCIALISATION Session 5: Sub-national innovation systems Challenges and experiences

More information

Dr. Richard Swart, UC Berkeley rswart@berkeley.edu. Alternative Finance: How to Take Advantage of New Financing for Your Business

Dr. Richard Swart, UC Berkeley rswart@berkeley.edu. Alternative Finance: How to Take Advantage of New Financing for Your Business Dr. Richard Swart, UC Berkeley rswart@berkeley.edu Alternative Finance: How to Take Advantage of New Financing for Your Business Tweet Please @richardswart Who am I? Run UC Berkeley s Research efforts

More information

Demo Video & Business Plan Unit 9

Demo Video & Business Plan Unit 9 Demo Video & Business Plan Unit 9 Agenda Topics Demo Video Guidelines What is entrepreneurship? Elements of a business plan Building a business model Wrap up Demo Video Guidelines Your demo video should:

More information

Investment incentives in Bulgaria

Investment incentives in Bulgaria Investment incentives in Bulgaria Types of incentives under the current Bulgarian legislation Tax incentives Incentives under the Investment Promotion Act (IPA) Employment incentives (training and job

More information

European Startup Monitor Country Report Austria Authors: Lisa-Marie Fassl and Dr. Rudolf Dömötör

European Startup Monitor Country Report Austria Authors: Lisa-Marie Fassl and Dr. Rudolf Dömötör European Startup Monitor Country Report Austria 2015 Authors: Lisa-Marie Fassl and Dr. Rudolf Dömötör Introduction Innovative startups have become the main driver of job creation, innovation and economic

More information

TECHNOLOGY INNOVATION & ENTREPRENEURSHIP CENTER (TIEC)

TECHNOLOGY INNOVATION & ENTREPRENEURSHIP CENTER (TIEC) TECHNOLOGY INNOVATION & ENTREPRENEURSHIP CENTER (TIEC) Egypt 1.0 Jan25 : an Investment Story!!! Egypt 2.0 Seed Capital on Jan 25 by Young Entrepreneurs (Youth rebels) Innovative (IT /SN Based FB + Twitter)

More information

I TECH-OFF INFORMATION TECHNOLOGY SPIN-OFF. Giulio Giunti P. 1. Giulio Giunti, 5th February 2008

I TECH-OFF INFORMATION TECHNOLOGY SPIN-OFF. Giulio Giunti P. 1. Giulio Giunti, 5th February 2008 I TECH-OFF INFORMATION TECHNOLOGY SPIN-OFF Giulio Giunti P. 1 Contents Definition of incubator & incubation General information on I TECH-OFF Phases and selection process Services Candidate identikit Results

More information

how to finance the business

how to finance the business A DV I C E B O O K L E T how to finance the business HOW TO FINANCE THE BUSINESS Getting enough of the right funding is one of the more difficult tasks that you will face as a new entrepreneur. Typically,

More information

ENTREPRENEURSHIP, BUSINESS ANGELS, GRANTS AND GOVERNMENT FUNDS TO ENTREPRENEURSHIP AND ECONOMIC DEVELOPMENT

ENTREPRENEURSHIP, BUSINESS ANGELS, GRANTS AND GOVERNMENT FUNDS TO ENTREPRENEURSHIP AND ECONOMIC DEVELOPMENT EXECUTIVE PAPERS ENTREPRENEURSHIP, BUSINESS ANGELS, GRANTS AND GOVERNMENT FUNDS TO ENTREPRENEURSHIP AND ECONOMIC DEVELOPMENT PRUDENTE, JAIME Instituto de Apoio às Pequenas e Médias empresas e à Inovação

More information

European Startup Monitor 2016 Country Report Austria

European Startup Monitor 2016 Country Report Austria European Startup Monitor 2016 Country Report Austria Dr. Rudolf Dömötör & Benedikt Spannocchi (WU Gründungszentrum) Contact: rudolf.doemoetoer@wu.ac.at Vienna, November 4, 2016 1 Introduction Innovative

More information

Banca IFIS Group. Value to your business. Mestre, 2013

Banca IFIS Group. Value to your business. Mestre, 2013 Group Value to your business Mestre, 2013 The Group Group Who we are 02 The Group is the only independent banking group in Italy specialized in the value chain of trade receivables, non performing loans,

More information

Investment and Doing Business. in the Czech Republic

Investment and Doing Business. in the Czech Republic Investment and Doing Business in the Czech Republic 8 Residence permit The matters related to foreigner s stay in the Czech Republic are regulated by the Act No. 326/1999 Coll., Act on Foreigner s Stay

More information

ECOFUNDING PROJECT. Polona Lah JSI EEC Portorož, 21.5.2015. Jozef Stefan Institute ENERGY EFFICIENCY CENTRE

ECOFUNDING PROJECT. Polona Lah JSI EEC Portorož, 21.5.2015. Jozef Stefan Institute ENERGY EFFICIENCY CENTRE ECOFUNDING PROJECT Polona Lah JSI EEC Portorož, 21.5.2015 The story goes Access to finance; a critical point to SMEs to maintain competitiveness 2013 SMEs Access to Finance survey Barriers and SMEs: 1.

More information

The Technology Impact on Economic Development

The Technology Impact on Economic Development The Technology Impact on Economic Development How technology trends, innovation and globalization will affect traditional economic development agency business models The BIG technology trends Ubiquitous

More information

Creating knowledge markets for diffusion With bridging institutions that link entrepreneurship and finance with local research institutions

Creating knowledge markets for diffusion With bridging institutions that link entrepreneurship and finance with local research institutions The geography of innovation and policy design Session 5: Should countries pursue policies at the sub-national level? Creating knowledge markets for diffusion With bridging institutions that link entrepreneurship

More information