A practical guide to opening a startup in Italy

By: Angela

So, you have a great idea and you have decided that Italy is the best place to turn it into a startup. You picked the perfect place to move to and you have already solved the “small town vs big city” dilemma. Well done! What should you do now? This is a practical guide to opening a startup in Italy. We will get you through the first steps to converting your stroke of genius into a viable enterprise. At every stage, it is essential to keep in mind that a successful startup needs to be innovative and dynamic, but also have a solid framework and at least some initial capital. Here’s what you need to know.

What is considered “innovative”?

We call an enterprise innovative when it adds something new to the market. This doesn’t necessarily mean that the product itself or the whole idea is entirely unheard of (such breakthroughs are in fact extremely rare). The element of “innovation” is not necessarily to be found in the product: it could be in the process, the technique or the way in which the project is made sustainable. Innovation brings added value to one or more stages of the productive cycle. While innovation is a goal most enterprises should strive towards, it proves essential in a startup environment. So far, we have the conceptual definition of innovation. In order to qualify as a startup in Italy, however, a company must meet precise requirements in this respect. For instance, 15% or more of the total productions costs must be invested in research & development.

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