On July, the Italian government adopted a Startup Visa that allows non-European tech innovators to move to Europe. The starting point is Italy, whose ecosystem has a great deal of growth potential: an ever growing number of successful startups, programs and initiatives is unexpectedly coming out of Italy. Among these Talent Garden, one of the best growth cases in Italy, is also working to bring foreign entrepreneurs.
The Startup visa serves as an incentive for innovative entrepreneurs to come to Italy. Due to the long duration and high number of bureaucratic mechanisms involved in issuing regular visas, the government has simplified the process – all procedures are now online, and the Startup Visa procedure takes maximum 30 days. Eventually, after some re-structuring of the process, the evaluation conducted by the Governmental Committee now has an alternative one – application through the certified Italian incubator, which is stating its willingness to host and help the innovative startup. An important highlight for those who choose the direct application – the Committee is made up of representatives of Italy’s startup ecosystem top associations (AIFI, IBAN, APSTI, PNICube, Netval).
The visa applies to innovative startups with up to five members who can potentially relocate to Italy for at least one year. The company is required to have a “limited” structure, must have been operating for no longer than four years and must intake an annual sales figure of less than € 5 million. Additional criteria are listed in the Italian Startup Visa Guidelines.
In order to accelerate the integration of these entrepreneurs and their business development as they enter the local startup ecosystem, the biggest Italian co-working network, Talent Garden supports the initiative by providing startups with free office space and facilities for their first phase in the country. As Talent Garden currently has eight facilities in multiple cities across Italy, tech startups have the possibility of choosing the area best suited to their business. Co-working members can freely move within the network, which allows for work in a variety of environments and exploration of the country.
With the distinctive advantage this visa provides for inter-European travel and Talent Garden’s plans to open 10 European branches, bridging a variety of countries in the second half of 2015, the opportunities for non-European startups to work, travel and grow are ever-expanding.
For further information, visit Italian Startup Visa Webpage.