The Italian Startup Act: A Microeconometric Program Evaluation

Abstract

Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. Terms of use:Documents in EconStor may be saved and copied for your personal and scholarly purposes.You are not to copy documents for public or commercial purposes, to exhibit the documents publicly, to make them publicly available on the internet, or to distribute or otherwise use the documents in public.If the documents have been made available under an Open Content Licence (especially Creative Commons Licences), you may exercise further usage rights as specified in the indicated licence.

An insight into the innovative start-up landscape of Trentino

“…Nonetheless, patterns in start-up entrepreneurship also reflect societal inequalities, and there are signs that they may even amplify them if no correctives are made. (Aghion et al [9]), for instance, also identify a significant correlation between innovation performance and higher top income inequality. At the same time, there is extensive empirical evidence that women and youth are strongly under-represented among the self-employed population, and even more so in entrepreneurship with high-growth, income generation (Piacentini, 2013[12]) and sustainability prospects.…”

“…Conversely, in the Southern regions that have relatively more women and young people among start-up founders, often less than 30% of women and not even 20% of under-29s are in work. 8 These numbers strongly suggest that the numbers of female and youth-owned start-ups are influenced by a wider availability in the South of targeted public support schemes which offer more favourable conditions to underrepresented groups: 9 an effect of national and European cohesion policies, as well as of most acute hardship faced by Southern innovative firms in raising funds via market channels, which make public funding even more desirable. It is also possible to assume that in the South there is a component of "necessity-driven entrepreneurship", which is less prominent in the North and in rich Trentino in particular as disadvantaged groups find it easier to get permanent, well-paid dependent employment, and are therefore less likely to opt for a risky entrepreneurial venture.…”

“…Table 3.4 and Table 3.5 show respectively how Trentino's "early adopter" and "second wave" innovative start-ups distribute, in each year between 2014 and 2018, across five turnover classes, ranging from startups with very low yearly turnover values (under EUR 50 000 per year) to the few that cross the EUR 5 million mark. Specific classes are displayed for start-ups no longer in operations (shutdowns), 8 for those that were about to close shop (winding up), 9 and those for which the turnover values are missing and no inferences could be made (NA).…”

An insight into the innovative start-up landscape of Friuli-Venezia Giulia

“…Conversely, in the Southern regions that have relatively more women and young people among start-up founders, often less than 30% of women and not even 20% of under-29s are in work. 8 These figures strongly suggest that the rates of female and youth-owned start-ups are influenced by a wider availability in the South of targeted public support schemes which offer more favourable conditions to underrepresented groups: 9 an effect of national and European cohesion policies, as well as of most acute hardship faced by Southern innovative firms in raising funds via market channels, which make public funding even more desirable. It is also possible to assume that in the South there is a component of "necessity-driven entrepreneurship", which is less prominent in the North as disadvantaged groups find it easier to get permanent, well-paid dependent employment, and are therefore less likely to opt for risky entrepreneurial ventures.…”

“…Tasso di occupazione: Dati regionali (2019). URL: https://www.istat.it/it/archivio/disoccupati 9 Some of these schemes are run by national agencies, such as Smart&Start Italia. This initiative is targeted exclusively to innovative start-ups, which can be funded through zero-rate loans between EUR 150 000 and 1.5 million.…”