Table 2

Main policy measures to support Innovative Startups according to the Italy's Startup Act (Decree 179/2012)

CategoryPolicy measures
Administrative
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    Adoption of a standard simplified model with digital signature and free incorporation procedure

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    Flexible corporate management (shares with specific rights, financial operations on shares) fast fail bankruptcy procedure; simplified procedure or conversion to innovative SME in case of bankruptcy

Cost reduction
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    Cuts to red tape, exemption from payment of annual fees to Chamber of Commerce and other fees

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    Extension of terms for covering losses

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    Exemption from regulations on dummy companies

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    Remuneration through stock options and work for equity schemes

Labor
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    Tailor-made labor law

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    Flexible remuneration system; tax credit for hiring highly qualified personnel

Financial
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    Exemption from the duty to affix the compliance visa for compensation of VAT credit

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    Possibility to collect capital through equity crowdfunding authorized online portals

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    Fast-track, simplified and free-of-charge access for innovative startups to the SME Guarantee Fund)

Fiscal
  • -

    Tax incentives for corporate and private investments in startups

Services access
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    Admission at Italian International Trade Agency support services program: ad hoc services to access foreign markets

A set of measures and services that are part of the “Industry 4.0” action

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