36

Restart Italia 2011 - Fare startup in Italia

Embed Size (px)

DESCRIPTION

Summary of the Ministry of Economic Development report by the Startup Task Force Set up. The work was coordinated by Alessandro Fusacchia and presented to Mr. Corrado Passera, former Minister of Economic Development.

Citation preview

Page 1: Restart Italia 2011 - Fare startup in Italia
Page 2: Restart Italia 2011 - Fare startup in Italia
Page 3: 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

Page 4: Restart Italia 2011 - Fare startup in Italia
Page 5: Restart Italia 2011 - Fare startup in Italia
Page 6: Restart Italia 2011 - Fare startup in Italia
Page 7: Restart Italia 2011 - Fare startup in Italia
Page 8: Restart Italia 2011 - Fare startup in Italia
Page 9: Restart Italia 2011 - Fare startup in Italia

9

Page 10: Restart Italia 2011 - Fare startup in Italia
Page 11: Restart Italia 2011 - Fare startup in Italia

11

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.

Page 12: Restart Italia 2011 - Fare startup in Italia

12

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

Page 13: Restart Italia 2011 - Fare startup in Italia
Page 14: Restart Italia 2011 - Fare startup in Italia

14

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.

Page 15: Restart Italia 2011 - Fare startup in Italia

15

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.

Page 16: Restart Italia 2011 - Fare startup in Italia

16

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.

Page 17: Restart Italia 2011 - Fare startup in Italia

17

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.

Page 18: Restart Italia 2011 - Fare startup in Italia

18

Page 19: Restart Italia 2011 - Fare startup in Italia

19

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.

Page 20: Restart Italia 2011 - Fare startup in Italia
Page 21: Restart Italia 2011 - Fare startup in Italia

21

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.

Page 22: Restart Italia 2011 - Fare startup in Italia
Page 23: Restart Italia 2011 - Fare startup in Italia

23

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

Page 24: Restart Italia 2011 - Fare startup in Italia

24

Page 25: Restart Italia 2011 - Fare startup in Italia

25

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.

Page 26: Restart Italia 2011 - Fare startup in Italia
Page 27: Restart Italia 2011 - Fare startup in Italia

27

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.

Page 28: Restart Italia 2011 - Fare startup in Italia

28

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.

Page 29: Restart Italia 2011 - Fare startup in Italia

29

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.

Page 30: Restart Italia 2011 - Fare startup in Italia

30

Page 31: Restart Italia 2011 - Fare startup in Italia

31

Page 32: Restart Italia 2011 - Fare startup in Italia

32

Page 33: Restart Italia 2011 - Fare startup in Italia

33

Page 34: Restart Italia 2011 - Fare startup in Italia

34

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

Page 35: Restart Italia 2011 - Fare startup in Italia
Page 36: Restart Italia 2011 - Fare startup in Italia