How to start-up in Italy

Italy has traditionally a good reputation in sectors like Fashion, Food and Tech, but unfortunately investing or opening a company in Italy has always appeared very difficult to a foreigner: lots of red tape, a byzantine bureaucracy, few funding opportunities.

Since few years though the situation is changing and several measures has been taken to help local and foreign startuppers both for opening and funding their ventures. The first and most effective was the introduction of srls companies, an entity very similar to uk ltd with a minimum share capital of 1 €, no notary fees and a reduced, for Italian standards, cost of incorporation.

This new type of company allows now to operate on the Italian market at a fraction of the previous investment required.


Furthermore since 2014 there’s a funding program of Invitalia, the Italian development agency, named Smart & Start; it aims to stimulate investments in innovating companies operating in Italy (thus also local branches of foreign companies).

The aid consist in a free-interest loan up to 80% of the project value and if the company is set up in southern Italy (from Abruzzo to Sicily and Sardinia) 20% is non-repayable.To reduce the timing Invitalia guarantees the evaluation of the startup’s project within 60 days, and a visa program for extra-eu entrepreneurs is also available.

With such stimulus is much easier to develop and try products in a country that represent the state-of-the-art especially in sectors as Food tech, Fashion and Tourism.



Renwable Energy in EU: things are getting better!

Renewable energy use in Europe, thanks to God, seems a serious matter. The use of renewable sources in fact, according to Eurostat, has doubled in the period 2004-2016 from a 8,5% to a 17% of total energy consumption. And the future goals are even more challenging: 20% by 2020 and 27% by 2030.

Infographic: Who's Winning Europe's Renewable Energy Race?  | Statista You will find more statistics at Statista

Many countries like Italy, Finland, Denmark, Croatia and Hungary among others,  have already meet or even exceeded their 2020 goal, with Sweden being the nation with the highest share of renewable energy consumed at 53.8% !

Lots of other nations though are still behind, two of them being France (16%) and UK (9.3%); hope such important countries will do their best effort to increase their quotes within 2020.

A Terminator in your back yard

“1. A robot may not injure a human being or, through inaction, allow a human being to come to harm.
2. A robot must obey the orders given it by human beings except where such orders would conflict with the First Law.
3. A robot must protect its own existence as long as such protection does not conflict with the First or Second Laws. “

Handbook of Robotics, 56th Edition, 2058 AD


T-3000 Terminator model from Terminator Genisys

The last months were plenty of odd accidents for the world of robotics, the most remarkable happening by the end of July at Facebook AI’s Labs. Two chatbots were programmed to perform a negotiating and bartering task while improving their skills adapting each other, but weren’t instructed to do it in proper English.  And in fact they didn’t, starting using their own unintelligible mix of words to speed up the process. The experiment had to be shut off as out of control.

Just two week before in Washington DC a Knightscope K5, a sort of Start Wars R2-D2 like security robot, drowned itself into the pond of the mall where was on his duty in what eye witnesses described as a “suicide”.

Besides this two good horror stories, such accidents should make us aware that failures at more important levels of robots programming and automatic machines functions could produce serious problems to us. Few days ago in fact 116 academics and entrepreneurs (Elon Musk among others) signed a document of Toby Walsh, a professor at New South Wales University, asking ONU to regulate robot’s application in warfare and military field.

I’m not sure if the three Isaac Asimov’s laws of robotics may work, but for sure we are on time for self-regulating such technologies in order to do not harm ourselves, in a matter of few years this would be too late and could possibly led to out of control situations like… having a T-3000 in our back yard asking for certain John!

Errr… by the way.. have you got any Sarah Connor on your address book?

Oh Canada!

A recent survey of IPSOS Mori has polled 18,000 people in 25 countries asking what are the most reliable influencers on the world scene. The outcome has been pretty surprising as main global powers, China and USA, have both dropped dramatically to 49% and 40% confidence rate, with Us loosing 24% since last year poll.

Infographic: Canada Seen As The Most Positive Influence Globally  | Statista You will find more statistics at Statista

On the other side two nice surprises: Canada with an astonishing 81% and Australia are the most well regarded countries when it comes to influence international decisions.

This is probably due to their president’s reputation (Trudeau vs Trump) but it’s an interesting trend that probably will lead to news scenarios in the near future.

Curiously enough UK and EU have the same consideration among the polled audience, Brexit issues seem to be irrelevant at least in this field!


Crypto currencies: what’s the wheather like?

Monday March 13th 2017 will be an important date for Bitcoin and crypto-currencies in general, the SEC in fact will decide whether if approve or not Bitcoin as an ETF (Exchange Traded Fund).

In case of approval it will be possible to invest on Bitcoins over the long term without directly buy them, while short term investors may bet on price movements: basically the Bitcoin will become a commodity.

But will this be a positive thing for the largest crypto-currency? For sure all e-wallet problems may be overcome once for ever and the value of it may rise as high as 3,200$ as per some analysts prediction.

Infographic: Bitcoin by Far the Largest Crypto-Currency | Statista You will find more statistics at Statista

On the other side the effect of trapping Bitcoin in normal market rules and rituals may have an unpredictable outcome.

For that as regards “real” Bitcoin, after the recent crash, it’s experiencing a recovery. The number of Bitcoin ATMs is increasing with US being the country with the biggest number of machines in the world, making North America to detain 73% of total machines on Earth.

Infographic: Number of Bitcoin ATMs by Country | Statista You will find more statistics at Statista

Also other areas are more and more interested in the crypto currency, countries such as Venezuela and Nigeria in fact look to the Bitcoin as a more secure and less depreciable currency compared to their national ones.

The most powerful city? London!

Ever wondered what is the most important city on earth? Well.. London! At least according to last Mori Memorial Foundation’s report. Their 2016 Global Power City Index in fact sets London as the most powerful city in the world for the fifth year in a row.

The total score is calculated on 6 main areas accounting 70 parameters : Economy, R&D, Culture, Livability, Environment and Accessibility; London with the first place in Culture and Accessibility secures the overall top scores of 1511.5, followed on the podium by New York (best for R&D) with 1384.7 and Tokyo (N. 1 for Economy) 1338.5.


Others cities worth to mention are Paris with a remarkable 4th place, Vienna 10th despite a smaller economy and not being a metropolis and Frankfurt 11th but best scorer in the Environment sector.

The only weak point of top cities seems to be livability both London and New York along with Singapore (5th) have poor results when speaking of cost and ease of living, working environment and security.

The challenge for next years, for such cities, will thus be find new solution to housing crisis and quality of work and working places.

Mori Memorial Foundation’s Institute for Urban Strategies:

Deadly costly startups

London, New York and Silicon Valley have never been famous for being cheap places to live in. According to a recent report of Knight Franks though, also office rent costs for startups are sky rocketing and, of course, London is leading the race.

Renting an office in Shoreditch district in fact, cost more than 66,000 US$ annually that is enough for relegating Brooklyn and San Francisco Mid Market to 2nd and 3rd position respectively with a good 62,000 US$ and 61,000 US$.

Infographic: Where Startup Costs Are Sky High | Statista

You will find more statistics at Statista

The top ten is completed by Paris, Boston, Dublin, Los Angeles and then far east trio Hong Kong, Beijing and Singapore.

Till now the bad news. But Knight Frank has also calculated the rent for a 4 seats shared office and the good news is that prices are far lower also if not properly cheap. In this case London Shoreditch and Brooklyn would cost “only” around 29,000 US$, while San Francisco 24,000 US$.

Oddly enough Hong Kong has dedicated offices cheaper than serviced ones!

The outcome is that co-working spaces are very important for cutting costs of starting up and having an high entry level values for office rent could bring lot of potential entrepreneurs to drop out.

Another service that in my opinion could help in cost cutting is co-living, having house shares with communal facilities such as computer lab, printers, wi-fi connection could bring to cut dramatically office expenditures.

Basically you can have a bedsit and an office at the cost of the bedsit only, for sure won’t be good when you rise facebook-like funding but to start cheap is a good option for sure!

Knight Frank’s analysis: