In addition to EU contributions, young entrepreneurs established in Italy may benefit from national funding to start-up, and/or further develop businesses.
It is possible to briefly describe only what is provided for by the Ordinary laws generally applicable, because regulations for local funding programs may vary from region to region.
The Startup Act,passed by the Italian government in 2012, was the first step towards a startup policy and aimed to make the business environment more startup friendly.
With the Smart&Start program, the National Italian Government proposed new measures, including :
Both the Regione Lazio and the Municipality of Rome are sustaining the flourishment of the startup ecosystem in the territory.
The Regione Lazio has introduced the following tools :
The City of Rome is mapping its available spaces to be turned in smart working spaces and it is working with private operators to create a public-private investment agency.
The new legislation applies to small enterprises enrolled in a specific section of the Business Register reserved for “innovative start – up companies” as well as for individuals willing to incorporate an innovative start – up company in Italy, including extra UE holders of a start-up VISA.
In particular, in order to benefit from the aforesaid provisions, a company shall meet, inter alia, the following requirements:
i. it does/did not allocate profits
ii. it has to be a newly incorporated capital company or it must have been established for no longer than sixty months
iii. its core business shall consist in the development, production and commercialization of
iv. innovative goods or services of significant technological value
v. it shall reside in our country or be subject to Italian taxation and
vi. its turnover shall be lower than € 5,000,000.
The benefit consist of zero interest loans covering:
Finally, it is worth pointing out that the innovative start-up undertakings may raise money through equity crow funding online portals.
The Italian government implements measures mainly aimed at supporting the creation of businesses by young and/or female entrepreneurs. With specific reference to aids granted to young entrepreneurs, a special legislation package, providing for specific measures aimed at promoting the creation and the development of innovative start-up undertakings in Italy, has been recently implemented.