Table 1

Eligibility criteria to identify Innovative startup according to the Italy's Startup Act (Decree 179/2012)

Requirements
1Newly established or established firm from less than 5 years
2Headquarter based in Italy or in another EU country with at least a production branch in Italy
3Yearly turnover lower than €5 million
4Not the result of a merger, split-up or selling-off of a firm or branch
5No profits distribution
6Exclusive or prevalent firm mission addressed to the production, development and commercialization of innovative goods or services of high-tech value
7innovation character of the firm identified by at least one of the three following criteria:
  • (a)

    at least 15% of the firm's expenses attributable to R&D activities

  • (b)

    at least 1/3 of the total workforce are PhD students/PhD holders or 2/3 of the total workforce must hold a master's degree

  • (c)

    the firm is the holder, depositary or licensee of a registered industrial property patent or the owner/author of a registered software

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