Innovative Startups

The Italian legislation provives an appealing package for innovative startups and companies, aimed at supporting the creation and growth of new businesses with a high content of innovation and young and qualified human capital.

REQUIREMENTS

The company’s core business consists in the development, production and commercialization of innovative goods or services of high technological value;

Established for no longer than 5 years;

Subjected to Italian taxation;

Turnover that does not exceed € 5 mln;

Does not distribute profits;

Does not result from the merger, division or transfer of business from an existing company;

Either 30% of the company’s costs are related to Research & Development, or >1/3 of the employees hold a PhD or are PhD candidates or have conducted research for >3y, or the Company is the owner or the licensee of a patent.

PROCEDURE

company that meets the aforementioned requirements can obtain the status of innovative SME by registering with the special section of the Business Register of the local Chamber of Commerce. Requirements fulfillment must be verified once a year through an online platform.

An online procedure is available (only in Italian) as setting up an innovative startup does not necessarily require the execution of the incorporation deed with a public notary.