Innovative Startups: 40 Percent More in 2016

According to the 2016 report of the Ministry for Economic Development (MISE) dedicated to the Italian Startup Act, 2016 saw a 40 percent increase in the number of innovative startups compared to the previous year.

There are now 5,942 units, up 160 percent from 2014, indicating that the National policy for the promotion of startups has worked and is effective.

Of the total 5,942 new businesses, 1,127 innovative startups - 19 percent of the total - were registered in the special section of the Registry of Companies in the first six months of 2016, 2,246 (38%) in 2015 and 1,528 (26%) in 2014.

The report, which will also serve as an update for the European Parliament on the MISE’s policies for startups, shows that 95.1 percent of these companies is still active after three years from their constitution, an interesting statistic if compared to the 76.8 percent survival rate relative to the entirety of Italian companies as registered by Istat (Italian Institute of Statistics).

The report also highlights positive trends for occupation. As of 30th September 2016 there were 26,045 operative partners and 9,042 collaborators, while between June 2015 and June 2016 there was a 47.5 percent increase in the number of people directly involved in innovative startups.
These data are further supported by the general growth in production, which almost doubled from 320 million to 600 million Euros according to the 2015 financial statements.

In terms of geographical location, Lombardy is first with 21.7 percent of innovative startups, followed by Emilia-Romagna with 11.9 percent, Lazio with 10.1 percent (9.3%) and Veneto with 7.5 percent (8.5%).

Lombardy is also first in the number of SIAVS (Socially Oriented Innovative Startups) with 25.8 percent, compared to 21.7 percent of all enterprises registered in the special section.

Another top result for Lombardy is the number of clean-tech startups with 109 (17.6 percent of the national total), followed by Emilia-Romagna with 85 (13.7%). Regarding enterprise incubators, MISE shows there are 39 certified organisations registered. Of these, three quarters are in the North of Italy, with Lombardy leading once again with 14 incubators.

Around 25 percent are located in Central Italy and only one in the South (in Sardinia). Also regarding innovative SMBs, the first region is Lombardy with 23 percent, followed by Emilia Romagna with 8.8 percent, Puglia with 7.8 percent and Lazio with 6.9 percent.