italiastartup report whoiswho

I

INNOVATIVE AND

FUNDED STARTUPS

INSTITUTIONAL

INVESTORS

INCUBATORS

AND ACCELERATORS

SCIENCEAND TECHNOLOGY PARKS

COWORKING

SPACES

STARTUPCOMPETITIONS

ASSOCIATIONS, ONLINE

RESOURCES & COMMUNITIES

| 1 |

The Italian StartupEcosystem:Whos Who

. Preface by The Italian Ministry of Economic Development 3

. Introduction 5 51. The Italian Startup Ecosystem: the players 7

1.1.Innovative Startups 101.2.Funded Startups 111.3.Institutional Investors 121.4.Incubators and Accelerators 131.5.Science and Technology Parks 141.6.Coworking spaces 151.7.Startup competitions 161.8.Associations, Online Resources & Communities 17 17

2. The Italian Startup Ecosystem: the regions 192.1.Valle dAosta 202.2.Piemonte 212.3.Lombardia 222.4.Veneto 232.5.Trentino-Alto Adige 242.6.Friuli-Venezia Giulia 252.7.Liguria 262.8.Emilia-Romagna 272.9.Toscana 282.10.Marche 292.11.Umbria 302.12.Lazio 312.13.Abruzzo 322.14.Molise 332.15.Campania 342.16.Puglia 352.17.Basilicata 362.18.Calabria 372.19.Sicilia 382.20.Sardegna 39 39

3. Investments in hi-tech startups in Italy 413.1.Investments 423.2.Funded Startups 44 44

. Methodology 47

CONTENTS

| 3 |

Dear reader,

As you might already know, Italy has recently passed robust and innovative legislation recognising the role the startup ecosystem plays in promoting sustainable growth, technological development and employment, especially for young people.

With the same goal in mind, this publication aims to give you a picture of who in Italy is engaged in making our country more innovative and competitive.

At the Italian Ministry of Economic Development, the institution that drew up and implemented the new leg-islation, we believe that startups can considerably help our country develop a new business culture, create an atmosphere open to entrepreneurship and innovation, increase social mobility and attract investment and tal-ented people from abroad.

We are confident that, while reading through the following pages, you too will be impressed by the richness and variety of the Italian startup ecosys-tem. We hope you will be inspired to explore deep-er by looking up the online version of this project (www.italiastartup.it/whoiswho, a living document subject to continuous update and improvement) and get in touch with some of Italys top players in this industry.

As you can imagine, this new generation of innovative companies was born earlier than our policy, which was approved in 2012. Our startup ecosystem had to strug-gle for many years before receiving the public recogni-tion it deserves.

However, you might be glad to know that thanks to our legislation Italys startups can now benefit from a huge and diverse range of incentives, support and benefits, including:1. No registration fees for the creation and registra-

tion of a startup;2. Tailored and flexible labour law applicable within

their team;3. Possibility to remunerate team members and con-

sultants with stock options and work for equity respectively, and to

4. split the workers salary in two parts, one fixed and one dynamic, the latter depending on the per-formance of the startup;

5. Tax credits for the employment of highly quali-fied personnel;

6. Tax incentives for corporate and private invest-ments in startups for the years 2013, 2014, 2015 and 2016, ranging from 19 to 27%;

7. More flexible corporate governance tools;8. Access to equity crowdfunding portals (by the

way, Italy has become the first country in the world to introduce a legal framework for this type of fun-draising);

. Preface by The Italian Ministry of Economic Development

9. Fast-track, simplified and free-of-charge access for startups to a government fund providing guaran-tees on bank loans of 80%;

10. Targeted and tailored support in internationalisation, provided by the Italian Trade Promotion Agency;

11. Fail-fast procedure, allowing the entrepreneur to start a new business project as soon as possible.

Moreover, the recent policy Destinazione Italia (destinazioneitalia.gov.it/english), whose goal is to at-tract foreign investment and improve the competi-tiveness of Italian firms, includes further measures supporting the Italian startup ecosystem, such as fast-

track procedures to provide anyone choosing to start up an innovative business in Italy with a Startup Visa.

These developments attest the continuity and perse-verance of our commitment to supporting innovative startups and startup-related businesses.

We are really determined to make entrepreneurs lives easier. Interacting and sharing skills with overseas tal-ent like you can contribute to this goal.

We really hope you enjoy getting to know the world of Italian startups.

| 4 |

THE ITALIAN MINISTRYOF ECONOMIC DEVELOPMENT

| 5 |

Italia Startup and the Politecnico di Milano School of Managements Osservatori Research Centre, in collabo-ration with SMAU and officially supported by the Min-istry of Economic Development, are pleased to present The Italian Startup Ecosystem: Whos Who. It is a per-manent initiative, whose objective is to provide both the national politico-economic system and international stakeholders with an accurate and continually up-to-date picture of the main players in the Italian startup ecosystem.

The project is closely connected to the first Osservato-rio Italia Startup-Politecnico di Milano, which was also introduced at SMAU: an Observatory that provides a quali-quantitative analysis of the Italian startup eco-system and the dynamics that characterise it. This pub-lication presents the Observatorys initial analysis of the investments made in hi-tech startups in Italy in the last two years.

The map is a complementary tool, which is online, dy-namic, and regularly updated, that represents a start-ing point from which to monitor the ecosystem. It will be made available in two formats: aprintedpublicationthatsummarisesusingdigi-

tal infographics for Italy as a whole and for each individualRegionthemainplayersthatmakeupthe startup ecosystem in Italy; the first publication will be distributed at SMAU Milan 2013, but will be

updated and reprinted several times a year in cor-respondence with the other regional sessions of the SMAU Roadshow;

an onlinemap, updated regularly, subdivided intothe same categories as the publication, where it is pos-sible to consult the profile of each recognised player, including internet site and contact information (www.italiastartup.it/whoiswho).

The ecosystem members displayed on the map belong to the following categories: innovative startups (ac-cording to the definition established by law through Decreto Sviluppo Bis), funded startups, institutional investors, incubators and accelerators, scientific and technological parks, coworking spaces, startup com-petitions, associations, online resources & commu-nities. Inspired by similar initiatives in other coun-tries, this project provides a picture that identifies the main players in Italy, subdivided into regional areas, that portrays the full extent of the national ecosystem in real time.

All ecosystem players that are not shown on the map, but wish to be included, are invited to click on the but-ton tell us who you are available on the Association website (www.italiastartup.it).

To underline the extent of internationalisation that un-derlies this project, with strong backing from the Min-

. Introduction

| 6 |

istry of Economic Development, the publication and the online map are published in English.

This important project is the first of its kind in Italy. It was established with the aim of creating a structure within a complex, heterogeneous and rapidly evolving sector and is a strategic asset for the country.

By supporting this important initiative along with its partners, Italia Startup confirms its role not only as an entity charged with developing a constructive dia-logue with the institutions but also as a frontline play-er in the realisation of a solid and competitive Italian startup ecosystem, aiming to turn Italy too into a real startup nation.

FEDERICO BARILLIITALIA STARTUP

ANDREA RANGONESCHOOL OF MANAGEMENTPOLITECNICO DI MILANO

1. The Italian Startup Ecosystem: the players

| 7 |

Na Sa

Pe

Cb

An

Pu

Bo

Fc

Ra

Ts

Ud

Pd

Ve

Vr

Pd

Vi

Ro

Tv

Mo

Pr

Mi

Bg

Lo

Pv

Bs

Bz

TnCo

Ge

Fi

Si

Ar

Gr

Li

LuPi

Pt

To

No

Vc

Cn

Bi

Fe

Aq

Rm

Rt

Tr

Pg Ap

Fr

Cz

Kr

Cs

Pz Mt

Le

Ba

Vv

Pa

Sr

Ct

ClEn

Me

Ca

Ss

Al

VbAo

| 8 |FOR THE NAMES AND CONTACT INFORMATION OF THE PLAYERS MENTIONED ON THIS PAGE, PLEASE VISIT THE WEBSITE WWW.ITALIASTARTUP.IT/WHOISWHO

FUNDED STARTUPS

INSTITUTIONAL

INVESTORS

INCUBATORS

AND ACCELERATORS


COWORKING

SPACES

STARTUPCOMPETITIONS



LAST UPDATE, OCTOBER 14TH 2013

See Methodology for the definitions of all the categories of ecosystem members

| 9 |

GEOGRAPHICAL DISTRIBUTION

NUMBERS

north

south

50

36

14

FUNDEDSTARTUPS

north

south

46

26

28

north

south

73

23

4

north

south

% % % %45

34

21

north

south

45

28

27

north

south

COWORKINGSPACES

57

29

14

STARTUPCOMPETITIONS

58

27

15

north

south

% % % %67

33

0

north

south

INNOVATIVESTARTUPS

INCUBATORSAND ACCELERATORS

INNOVATIVE STARTUPS * * According to the definition of innovative startup established by law through Decreto Sviluppo Bis

INSTITUTIONALINVESTORS

INSTITUTIONAL INVESTORS

ASSOCIATIONS, ONLINE RESOURCES & COMMUNITIES

ONLINE RESOURCES & COMMUNITIES

ASSOCIATIONS, ONLINE RESOURCES & COMMUNITIES

SCIENCEAND TECNOLOGYPARKS

centre centrecentre centre

centre centrecentre centre

FUNDED STARTUPS

INCUBATORS AND ACCELERATORS

SCIENCE AND TECHNOLOGY PARKS

COWORKING SPACES

STARTUP COMPETITIONS

ASSOCIATIONS

PRIVATE

PUBLIC

PRIVATE

PUBLIC

PRIVATE

PUBLIC

Na Sa

Pe

Cb

An

Pu

Bo

Fc

Ra

Ts

Ud

Pd

Ve

Vr

Pd

Vi

Ro

Tv

Mo

Pr

Mi

Bg

Lo

Pv

Bs

Bz

TnCo

Ge

Fi

Si

Ar

Gr

Li

LuPi

Pt

To

No

Vc

Cn

Bi

Fe

Aq

Rm

Rt

Tr

Pg Ap

Fr

Cz

Kr

Cs

Pz Mt

Le

Ba

Vv

Pa

Sr

Ct

ClEn

Me

Ca

Ss

Al

VbAo

Na

Cb

An

Bo

TsVe

Mi

Tn

Ge

Fi

To

Aq

Rm

Pg

Cz

Pz

Ba

Ct

Ca

Ao

| 10 |

north

centre

south

%50

36

14

INNOVATIVE STARTUPS

TOT 1227

1.1.INNOVATIVE STARTUPS

FOR THE NAMES AND CONTACT INFORMATION OF THE PLAYERS MENTIONED ON THIS PAGE, PLEASE VISIT THE WEBSITE WWW.ITALIASTARTUP.IT/WHOISWHO

Last update, October 14th 2013.It is continuously updated and can be consulted, together with a vast range of information on each startup, at http://startup.registroimprese.it/report/startup.pdf

Na Sa

Pe

Cb

An

Pu

Bo

Fc

Ra

Ts

Ud

Pd

Ve

Vr

Pd

Vi

Ro

Tv

Mo

Pr

Mi

Bg

Lo

Pv

Bs

Bz

TnCo

Ge

Fi

Si

Ar

Gr

Li

LuPi

Pt

To

No

Vc

Cn

Bi

Fe

Aq

Rm

Rt

Tr

Pg Ap

Fr

Cz

Kr

Cs

Pz Mt

Le

Ba

Vv

Pa

Sr

Ct

ClEn

Me

Ca

Ss

Al

VbAo

Na

Cb

An

Bo

TsVe

Mi

Tn

Ge

Fi

To

Aq

Rm

Pg

Cz

Pz

Ba

Ct

Ca

Ao

| 11 |

1.2.FUNDED STARTUPS

north

centre

south

%46

26

28

FUNDEDSTARTUPS

TOT 113


Na Sa

Pe

Cb

An

Pu

Bo

Fc

Ra

Ts

Ud

Pd

Ve

Vr

Pd

Vi

Ro

Tv

Mo

Pr

Mi

Bg

Lo

Pv

Bs

Bz

TnCo

Ge

Fi

Si

Ar

Gr

Li

LuPi

Pt

To

No

Vc

Cn

Bi

Fe

Aq

Rm

Rt

Tr

Pg Ap

Fr

Cz

Kr

Cs

Pz Mt

Le

Ba

Vv

Pa

Sr

Ct

ClEn

Me

Ca

Ss

Al

VbAo

Na

Cb

An

Bo

TsVe

Mi

Tn

Ge

Fi

To

Aq

Rm

Pg

Cz

Pz

Ba

Ct

Ca

Ao

TOTPUBLIC

PRIVATE

32626

| 12 |

north

centre

south

%73

23

4


1.3.INSTITUTIONAL INVESTORS

INSTITUTIONAL INVESTORS

Na Sa

Pe

Cb

An

Pu

Bo

Fc

Ra

Ts

Ud

Pd

Ve

Vr

Pd

Vi

Ro

Tv

Mo

Pr

Mi

Bg

Lo

Pv

Bs

Bz

TnCo

Ge

Fi

Si

Ar

Gr

Li

LuPi

Pt

To

No

Vc

Cn

Bi

Fe

Aq

Rm

Rt

Tr

Pg Ap

Fr

Cz

Kr

Cs

Pz Mt

Le

Ba

Vv

Pa

Sr

Ct

ClEn

Me

Ca

Ss

Al

VbAo

Na

Cb

An

Bo

TsVe

Mi

Tn

Ge

Fi

To

Aq

Rm

Pg

Cz

Pz

Ba

Ct

Ca

Ao

| 13 |

1.4.INCUBATORS AND ACCELERATORS

north

centre

south

%45

34

21

INCUBATORSAND ACCELERATORS

TOTPUBLIC

PRIVATE

976433

certified


Na Sa

Pe

Cb

An

Pu

Bo

Fc

Ra

Ts

Ud

Pd

Ve

Vr

Pd

Vi

Ro

Tv

Mo

Pr

Mi

Bg

Lo

Pv

Bs

Bz

TnCo

Ge

Fi

Si

Ar

Gr

Li

LuPi

Pt

To

No

Vc

Cn

Bi

Fe

Aq

Rm

Rt

Tr

Pg Ap

Fr

Cz

Kr

Cs

Pz Mt

Le

Ba

Vv

Pa

Sr

Ct

ClEn

Me

Ca

Ss

Al

VbAo

Na

Cb

An

Bo

TsVe

Mi

Tn

Ge

Fi

To

Aq

Rm

Pg

Cz

Pz

Ba

Ct

Ca

Ao

1.5.SCIENCE AND TECHNOLOGY PARKS

| 14 |

north

centre

south

%45

28

27

SCIENCE AND TECHNOLGY PARKS

TOTPUBLIC

PRIVATE

40373

certified


Na Sa

Pe

Cb

An

Pu

Bo

Fc

Ra

Ts

Ud

Pd

Ve

Vr

Pd

Vi

Ro

Tv

Mo

Pr

Mi

Bg

Lo

Pv

Bs

Bz

TnCo

Ge

Fi

Si

Ar

Gr

Li

LuPi

Pt

To

No

Vc

Cn

Bi

Fe

Aq

Rm

Rt

Tr

Pg Ap

Fr

Cz

Kr

Cs

Pz Mt

Le

Ba

Vv

Pa

Sr

Ct

ClEn

Me

Ca

Ss

Al

VbAo

Na

Cb

An

Bo

TsVe

Mi

Tn

Ge

Fi

To

Aq

Rm

Pg

Cz

Pz

Ba

Ct

Ca

Ao

| 15 |

1.6.COWORKING SPACES

north

centre

south

%57

29

14

COWORKINGSPACES

TOT 65


Na Sa

Pe

Cb

An

Pu

Bo

Fc

Ra

Ts

Ud

Pd

Ve

Vr

Pd

Vi

Ro

Tv

Mo

Pr

Mi

Bg

Lo

Pv

Bs

Bz

TnCo

Ge

Fi

Si

Ar

Gr

Li

LuPi

Pt

To

No

Vc

Cn

Bi

Fe

Aq

Rm

Rt

Tr

Pg Ap

Fr

Cz

Kr

Cs

Pz Mt

Le

Ba

Vv

Pa

Sr

Ct

ClEn

Me

Ca

Ss

Al

VbAo

Na

Cb

An

Bo

TsVe

Mi

Tn

Ge

Fi

To

Aq

Rm

Pg

Cz

Pz

Ba

Ct

Ca

Ao

1.7.STARTUP COMPETITIONS

| 16 |

north

centre

south

%58

27

15

STARTUPCOMPETITIONS

TOT 33


Na Sa

Pe

Cb

An

Pu

Bo

Fc

Ra

Ts

Ud

Pd

Ve

Vr

Pd

Vi

Ro

Tv

Mo

Pr

Mi

Bg

Lo

Pv

Bs

Bz

TnCo

Ge

Fi

Si

Ar

Gr

Li

LuPi

Pt

To

No

Vc

Cn

Bi

Fe

Aq

Rm

Rt

Tr

Pg Ap

Fr

Cz

Kr

Cs

Pz Mt

Le

Ba

Vv

Pa

Sr

Ct

ClEn

Me

Ca

Ss

Al

VbAo

Na

Cb

An

Bo

TsVe

Mi

Tn

Ge

Fi

To

Aq

Rm

Pg

Cz

Pz

Ba

Ct

Ca

Ao

| 17 |

1.8.ASSOCIATIONS, ONLINE RESOURCES & COMMUNITIES

north

centre

south

%67

33

0

ASSOCIATIONS,ONLINE RESOURCES& COMMUNITIES

TOTASSOCIATIONS

ONLINE RESOURCES& COMMUNITIES

20713


| 19 |

2. The Italian Startup Ecosystem: the regions

INNOVATIVE STARTUPS

FUNDED STARTUPS

INSTITUTIONAL

INVESTORS

INCUBATORS

AND ACCELERATORS


COWORKING

SPACES

STARTUPCOMPETITIONS



| 20 |

2.1.VALLE DAOSTA

NUMBERS

PERCENTAGE OF ITALIAN TOTAL

6 0 0 2 0 0 0 0

000200


Ao

INNOVATIVE STARTUPS

FUNDED STARTUPS

INSTITUTIONAL

INVESTORS

INCUBATORS

AND ACCELERATORS


COWORKING

SPACES

STARTUPCOMPETITIONS



To

No

Vc

Cn

Bi

Al

Vb

To

2.2.PIEMONTE

| 21 |

NUMBERS

PERCENTAGE OF ITALIAN TOTAL 31513903


INNOVATIVE STARTUPS

FUNDED STARTUPS

INSTITUTIONAL

INVESTORS

INCUBATORS

AND ACCELERATORS


COWORKING

SPACES

STARTUPCOMPETITIONS



111 5 2 8 5 10 1 1

INNOVATIVE STARTUPS

FUNDED STARTUPS

INSTITUTIONAL

INVESTORS

INCUBATORS

AND ACCELERATORS


COWORKING

SPACES

STARTUPCOMPETITIONS



| 22 |

2.3.LOMBARDIA

NUMBERS


232 39 19 18 5 14 12 5

362213196030


Mi

Bg

Lo

Pv

Bs

Co

Mi

INNOVATIVE STARTUPS

FUNDED STARTUPS

INSTITUTIONAL

INVESTORS

INCUBATORS

AND ACCELERATORS


COWORKING

SPACES

STARTUPCOMPETITIONS



2.4.VENETO

| 23 |

NUMBERS


113 17 3 6 3 8 6 0

1812861011


Ve

Vr

Pd

Vi

Ro

Tv

Ve

INNOVATIVE STARTUPS

FUNDED STARTUPS

INSTITUTIONAL

INVESTORS

INCUBATORS

AND ACCELERATORS


COWORKING

SPACES

STARTUPCOMPETITIONS



| 24 |

2.5.TRENTINO-ALTO ADIGE

NUMBERS


62 0 0 4 3 1 0 0

028400


Bz

Tn

Tn

INNOVATIVE STARTUPS

FUNDED STARTUPS

INSTITUTIONAL

INVESTORS

INCUBATORS

AND ACCELERATORS


COWORKING

SPACES

STARTUPCOMPETITIONS



2.6.FRIULI-VENEZIA GIULIA

| 25 |

NUMBERS


48 1 1 4 2 2 0 0

035431


Ts

Ud

Pd

Ts

INNOVATIVE STARTUPS

FUNDED STARTUPS

INSTITUTIONAL

INVESTORS

INCUBATORS

AND ACCELERATORS


COWORKING

SPACES

STARTUPCOMPETITIONS



| 26 |

2.7.LIGURIA

NUMBERS


23 0 0 0 0 2 0 0

030000


Ge

Ge

INNOVATIVE STARTUPS

FUNDED STARTUPS

INSTITUTIONAL

INVESTORS

INCUBATORS

AND ACCELERATORS


COWORKING

SPACES

STARTUPCOMPETITIONS



2.8.EMILIA-ROMAGNA

| 27 |

NUMBERS


135 4 1 11 1 6 1 1

3931234


Bo

Fc

Ra

Mo

Pr Fe

Bo

INNOVATIVE STARTUPS

FUNDED STARTUPS

INSTITUTIONAL

INVESTORS

INCUBATORS

AND ACCELERATORS


COWORKING

SPACES

STARTUPCOMPETITIONS



Fi

Si

Ar

Gr

Li

LuPi

Pt

Fi

| 28 |

2.9.TOSCANA

NUMBERS


92 7 1 12 4 5 2 2

68101336


INNOVATIVE STARTUPS

FUNDED STARTUPS

INSTITUTIONAL

INVESTORS

INCUBATORS

AND ACCELERATORS


COWORKING

SPACES

STARTUPCOMPETITIONS



2.10.MARCHE

| 29 |

NUMBERS


61 2 1 1 0 2 1 0

330132


An

Pu

An

INNOVATIVE STARTUPS

FUNDED STARTUPS

INSTITUTIONAL

INVESTORS

INCUBATORS

AND ACCELERATORS


COWORKING

SPACES

STARTUPCOMPETITIONS



| 30 |

2.11.UMBRIA

NUMBERS


11 2 0 1 3 0 0 0

008102


Tr

Pg Ap

Pg

INNOVATIVE STARTUPS

FUNDED STARTUPS

INSTITUTIONAL

INVESTORS

INCUBATORS

AND ACCELERATORS


COWORKING

SPACES

STARTUPCOMPETITIONS



2.12.LAZIO

| 31 |

NUMBERS


120 10 3 8 3 6 5 1

159881010


Rm

Rt

Fr

Rm

INNOVATIVE STARTUPS

FUNDED STARTUPS

INSTITUTIONAL

INVESTORS

INCUBATORS

AND ACCELERATORS


COWORKING

SPACES

STARTUPCOMPETITIONS



| 32 |

2.13.ABRUZZO

NUMBERS


17 1 0 2 0 0 0 0

000201


PeAq

Aq

INNOVATIVE STARTUPS

FUNDED STARTUPS

INSTITUTIONAL

INVESTORS

INCUBATORS

AND ACCELERATORS


COWORKING

SPACES

STARTUPCOMPETITIONS



2.14.MOLISE

| 33 |

NUMBERS


8 0 0 0 0 0 0 0

000000


Cb

INNOVATIVE STARTUPS

FUNDED STARTUPS

INSTITUTIONAL

INVESTORS

INCUBATORS

AND ACCELERATORS


COWORKING

SPACES

STARTUPCOMPETITIONS



| 34 |

2.15.CAMPANIA

NUMBERS


49 11 1 6 4 0 1 0

30106311


Na Sa

Na

INNOVATIVE STARTUPS

FUNDED STARTUPS

INSTITUTIONAL

INVESTORS

INCUBATORS

AND ACCELERATORS


COWORKING

SPACES

STARTUPCOMPETITIONS



2.16.PUGLIA

| 35 |

NUMBERS


51 2 0 1 1 1 1 0

323102


Le

Ba

Ba

INNOVATIVE STARTUPS

FUNDED STARTUPS

INSTITUTIONAL

INVESTORS

INCUBATORS

AND ACCELERATORS


COWORKING

SPACES

STARTUPCOMPETITIONS



| 36 |

2.17.BASILICATA

NUMBERS


7 0 0 3 0 0 0 0

000300


Pz Mt

Pz

INNOVATIVE STARTUPS

FUNDED STARTUPS

INSTITUTIONAL

INVESTORS

INCUBATORS

AND ACCELERATORS


COWORKING

SPACES

STARTUPCOMPETITIONS



Cz

Kr

Cs

Vv

Cz

2.18.CALABRIA

| 37 |

NUMBERS


15 4 0 1 3 1 1 0

328104


INNOVATIVE STARTUPS

FUNDED STARTUPS

INSTITUTIONAL

INVESTORS

INCUBATORS

AND ACCELERATORS


COWORKING

SPACES

STARTUPCOMPETITIONS



| 38 |

2.19.SICILIA

NUMBERS


30 4 0 6 1 6 1 0

393604


Pa

Sr

Ct

ClEn

Me

Ct

INNOVATIVE STARTUPS

FUNDED STARTUPS

INSTITUTIONAL

INVESTORS

INCUBATORS

AND ACCELERATORS


COWORKING

SPACES

STARTUPCOMPETITIONS



Ca

Ss

Ca

325306


2.20.SARDEGNA

| 39 |

INNOVATIVE STARTUPS

FUNDED STARTUPS

INSTITUTIONAL

INVESTORS

INCUBATORS

AND ACCELERATORS


COWORKING

SPACES

STARTUPCOMPETITIONS



36 6 0 3 2 1 1 0

| 41 |

3. Investments in hi-tech startups in Italy

| 42 |

TOTAL INVESTMENT IN HI-TECH STARTUPS IN 2012 AND 2013

DISTRIBUTION OF INVESTMENTS BY INVESTOR TYPE

3.1.INVESTMENTS

112 110

0

20

40

60

80

100

120

2012 2013*

Million

Year

* Values for 2013 are estimated

71%

29%

2012

"Institutional" Investors

Business Angels, Family Offices, Incubators and Accelerators

TOTAL: 112 Million

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DISTRIBUTION OF INVESTMENTS BY SECTOR

9%

16%

73%

2% 2012

Life Sciences

Cleantech and Energy

ICT

Other

TOTAL: 112 Million

| 44 |

DISTRIBUTION OF FUNDED STARTUPS BY INVESTOR TYPE

DISTRIBUTION OF FUNDED STARTUPS BY SECTOR

3.2.FUNDED STARTUPS

39%

65%

0%

20%

40%

60%

80%

100%

"Institutional" Investors Business Angels, Family Offices, Incubators and Accelerators

TOTAL FUNDED STARTUPS: 167

2012

17%

7%

72%

3%

Life Sciences

Cleantech and Energy

ICT

Other


2012

| 45 |

DISTRIBUTION OF FUNDED STARTUPS BY REGION

BACKGROUND AND AGE RANGE OF STARTUP FOUNDERS

60% 22%

18%

North

Centre

South and Islands


2012


83%

17%

Managerial Technical

26%

44%

30%

< 30 years > 40 years 30-40 years

Founder profile refers only to those startups that obtained financing from Institutional Investors

2012

| 47 |

The results presented in this report issue from two main research activities carried out by the Osservato-rioItaliaStartupPolitecnicodiMilano: the creation of a map depicting the Italian startup

ecosystem; anassessmentof investments inhi-techstartups in

Italy.

Italian startup ecosystem

The members of this ecosystem belong to the following categories:1. innovative startups: startups listed in the special

section of the Business Register held by the Cham-bers of Commerce;

2. funded startups: hi-tech startups that obtained fi-nancing in 2012 and/or 2013 from at least one of the players in the institutional investors category;

3. institutional investors: investors that manage cap-ital for third parties and invest in startups through a structured process that involves an evaluation team, regardless of their legal nature (Sgr, Sicar, SpA, etc.);

4. incubators and accelerators: public and private incubators and accelerators that provide associated services to support startups (mentorship, network-ing, etc.) in addition to rental space;

5. coworking spaces: work spaces specifically intend-ed for startups that may also provide some addi-

tional services;6. startup competitions: all competitions taking

place in 2013 were considered (already concluded or planned by the end of the year);

7. science and technology parks: public and private organisations whose primary aim is to promote the growth and development of highly techno-logical enterprises and facilitate the transfer of knowledge and innovation from the Universi-ty and research centres to the businesses based there.

The creation of the ecosystem map involved two activities: Acensus survey of the main players in each category

based on a review of secondary sources (online re-sources, press search, etc.);

Interviews with each identified player to understand their actual role within the ecosystem.

The ecosystem map published in this Report is a snap-shot of the ecosystem up to the 15th of October. How-ever, given the nature of the studied phenomenon, the mapping activity will be an open and dynamic pro-cess, with regular updates to the online version of the ecosystem that will be available at the following link: www.italiastartup.it/whoiswho.

All ecosystem players that do not appear on this first release of the map, but wish to be included, can provide

. Methodology

us with information about their organisation through the Italia Startup website (www.italiastartup.it) by clicking on the button tell us who you are.

Investments in hi-tech startups in Italy

Quantification of these investments was carried out through primary sources. Direct interviews were therefore conducted with: allinstitutionalentitiesplusthemainincubators/ac-

celerators, Family Offices and Business Angels; all startups funded in2012and2013by theabove-

mentioned investors.

Where possible, the amount actually paid during the year was considered, rather than the total amount committed.

Data collected from the 2012 IBAN survey was added to the data collected through these primary sources (cf. for additional information please consult the following link: www.iban.it/Sintesi_Survey_2012.pdf ).

The Work Group

Coordination

Andrea Rangone, Politecnico di Milano Federico Barilli, Italia StartupMattia Corbetta, Italian Ministry of Economic Development

Researchers and analysts

Andrea Cavallaro, Politecnico di MilanoBeatrice Rossi, Politecnico di MilanoAngelo Cavallo, Politecnico di Milano Riccardo Dal Pr, Politecnico di MilanoMario De Santo, Politecnico di MilanoSimone Trivini Bellini, Politecnico di Milano

Collaboration

IBANItalianBusinessAngelsNetworkAIFIAssociazioneItalianadelPrivateEquityeVentureCapital

| 48 |

. Preface by The Italian Ministry of Economic Development. Introduction1.The Italian Startup Ecosystem: the players1.1.Innovative Startups1.2.Funded Startups1.3.Institutional Investors 1.4.Incubators and Accelerators1.5.Science and Technology Parks 1.6.Coworking spaces1.7.Startup competitions1.8.Associations, Online Resources & Communities

2.The Italian Startup Ecosystem: the regions 2.1.Valle dAosta2.2.Piemonte2.3.Lombardia2.4.Veneto2.5.Trentino-Alto Adige2.6.Friuli-Venezia Giulia2.7.Liguria 2.8.Emilia-Romagna2.9.Toscana2.10.Marche2.11.Umbria2.12.Lazio2.13.Abruzzo2.14.Molise2.15.Campania2.16.Puglia2.17.Basilicata2.18.Calabria 2.19.Sicilia2.20.Sardegna

3.Investments in hi-tech startups in Italy3.1.Investments3.2.Funded Startups

. Methodology

italiastartup report whoiswho

Documents

innovative startups

italian startup ecosystem

hitech startups

legislation italys startups

startup competitions

italian startupecosystem

italian startup ecosystem

innovative legislation