Recently, Raffaele Gareri, representing Italy & Partners, was a guest on Canale Italia to discuss digital innovation and startups. But what exactly are they, and why do they attract so much attention, especially from younger entrepreneurs?
Let’s delve into these questions by analyzing the situation in Italy and how startups can contribute to the evolution of many services.
Startups: What Are They?
From a regulatory perspective, in Italy, an innovative startup is defined and regulated by Decree-Law 18 October 2012, n. 179, converted with modifications by Law 17 December 2012, n. 221, which sets the criteria for recognizing such enterprises and the benefits reserved for them.
Practically speaking, startups can be defined as emerging companies distinguished by a strong focus on innovation and technology. Often founded to promote “revolutionary” ideas, these enterprises aim to develop new products or services that can meet unmet market needs or significantly improve existing ones.
The Situation of Startups in Italy
The startup landscape in Italy is continuously growing. According to data from the Ministry of Economic Development, by the end of 2023, there were over 13,000 registered innovative startups in the country. These companies mainly operate in the ICT (Information and Communication Technologies), advanced manufacturing, and renewable energy sectors. Lombardy is the region with the highest number of startups (about 25% of the total), followed by Lazio and Emilia-Romagna. Milan, in particular, stands out as the main Italian hub for innovation.
The Contribution of Startups to Digital Innovation
Currently, startups are a fundamental engine for digital innovation in Italy. These companies, thanks to their flexibility and ability to quickly adapt to market changes, can introduce new technologies and business models.
For example, many Italian startups are active in artificial intelligence, blockchain, and the Internet of Things (IoT), developing solutions applicable in various sectors, from healthcare to finance, agriculture to logistics—areas often overlooked by more “traditional” companies.
Startups as Responses to Emerging Needs?
Startups can be considered true incubators of ideas in response to the emerging needs arising from the ongoing digital transformation in our society. Their lean structure and dynamic work environment foster creativity and innovation.
Additionally, startups are typically open to collaboration, for instance, with universities and research centers, contributing to creating a virtuous ecosystem where ideas and knowledge transform into innovative products and services. The role of startup studios, such as Urban Futures, is crucial in this process as they offer financial and educational support to new enterprises.
Conclusion
Italian startups play a key role in the country’s economy, especially in terms of digital innovation. Thanks to their characteristics of flexibility, creativity, and adaptability, these enterprises can develop new technological solutions that can enhance Italy’s competitiveness on an international level.
For this reason, government support policies for startups and the existence of a favorable ecosystem composed of incubators, accelerators, and research centers should be considered fundamental elements for the success and growth of the country.