Download - Restart Italia 2011 - Fare startup in Italia
In April, the Minister of Economic Development, Corrado Passera, asked us to use our
professional experience to personally reflect upon and propose solutions on how to transform
Italy into a country that encourages the development of startups.
The results of these reflections, which were coordinated by Alessandro Fusacchia,
are the contents of the report “Restart, Italia!”
The report was presented to Minister Passera on July 9th and will be publicly shared today,
September 13th, 2012.
This document contains a graphic summary of these reflections.
Andrea Di Camillo
Annibale D’Elia
Donatella Solda-Kutzmann
Enrico Pozzi
Giorgio Carcano
Giuseppe Ragusa
Luca De Biase
Massimiliano Magrini
Mario Mariani
Paolo Barberis
Riccardo Donadon
Selene Biffi
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Joint-stock company and self-regulation regime
A flexible investment vehicle, with standard establishment procedures, subject to transparency and to the control of a trade association.
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From accrual to cash accounting
Payment of VAT and IRES tax, at the end of each accounting year end, based on cash rather than accrual accounting
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Work for equity
Remunerating an external collaboration by allowing the supplier to hold a stake in the start-up Sharing outlooks without worsening the financial position.
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The fund of funds
An “anchor investor” that supports the fundraising process of private and institutional investors.It supports the VC by investing in the fund and the informal investor by matching the single transactions
Work for equity
Remunerating an external collaboration by allowing the supplier to hold a stake in the start-up Sharing outlooks without worsening the financial position.
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The reserve for start-ups with a social focus
The Fund of Funds will allocate up to 20% of its capital in support of funds specialised in start-ups with a social focus.
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The fund for ‘seed’ investments
A ‘Seed’ fund funded by the Deposits and Loans fund and private fundraising (also by the management).It provides financial support up to 500,000 euros, only as co-investment according to a Convertible Loan standard formula.
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LIFT TAXPRIVATE INVESTMENTS
START-UPS
Lift the taxes on private investments in start-ups
A 30% tax deduction for investments in minority stakes of up to 1 million euros.
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Social lending
An online platform specialised in the collection of debt capital for start-ups with a social focus through the participation of a high number of subjects.
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Indicators to assess the track record (and the performance) of an incubator or accelerator
A certification mechanism for incubators and accelerators based on their track record, to evaluate access to preferential terms and conditions
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Promoting the industrial acquisition of start-ups
A 50% tax deduction for investments aimed at the purchase of the entire stake of a start-up within the first 4 years of life.
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The creation of a social stock exchange
A true financial market, managed by an existing investment company and a promoting company to facilitate the interaction of supply and demand and the offer of stakes and securities of start-ups with a social focus.
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Fast liquidation of start-ups
The founder being also the receiver.The transaction closes within 60 days, with a simplified set of financial statements and without any chamber of commerce fees.
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Business continuity? Easy if it’s a start-up!
Simplifying access to creditors’ agreement procedures to liquidate the start-up by exploiting the intellectual property and by preserving the commercial assets.
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PLANIMPLEMENTATION
DATE
Plan implementation date
Date of the call for tenders: November 2012
Projects to be filed by: February 2013
Evaluation and selection by: March 2012
Contract signature: April 2013
Project execution: start date 1 May 2013