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.



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?

Cybersecurity: a problem of training

The recent worldwide cyber attack has bring back an old issue regarding computer and, more in general, company security. Are in fact our data well protected? Such a question is very important, especially in a world where almost all aspect of life are directed by a computer connected to the internet.


More than 200,000 machines worldwide have been attacked, apparently using well known breaches of old Microsoft operating system. Big companies and institutions, such as Renault and NHS, had to stop their services.

How is possible a crush at this scale? Symantec and Datto have recently taken a survey regarding ransomware and viruses spreading across companies and corporations with managed service providers.

Infographic: Ransomware: Who's Affected & Why | Statista You will find more statistics at Statista

The results are pretty surprising. In fact more than one out of three infections are due to lack of employees training (eg. operating system or antivirus software not updated) , while a big 68% is due to a combination of malware arriving through email or risky websites. Only a 6% is related to technical or security weakness of the company’s network system.

The vast majority of problems thus is due to a misuse of computers and software… A problem that could be easily solved investing few money on tech skills update courses!

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.

Women in tech? Not still enough!

Gender equality on work places has seen a strong improvement in recent years and, also if a lot of efforts need to be done, the trend seems to be well clear: the role of working women is gaining more and more importance while wages differences are getting closer.

But.. there’s a but. Is every sector experiencing such a beneficial trend? Unfortunately not.

Infographic: The Tech World Is Still a Man's World | Statista You will find more statistics at Statista

Surprisingly one of the worst area for gender equality is tech. While it has an average performance for Leadership jobs, being 25% S&P500 average for women with leading positions, shows a lack of women in charge for technical jobs.

None of the top companies has more than 25% of tech positions covered by women with Microsoft reaching a mediocre 18%, such a results are even more disappointing as the United Nations planned last year to have a 50-50 gender parity on work places within 2030.

I hope new tech startuppers will revert such a trend to avoid loosing good resources and opportunities on the way.


What’s the world like from startups perspective?

The Silicon Valley Bank has recently released the Startup Outlook Report 2017, a survey meant to know deeper the situation of startups and the mood of their funders.

The report had 941 respondent companies mainly working in US, China and UK  on sectors like tech and health.

The picture coming out from the survey points out probably for the first time a pessimistic outlook for business, 16% of companies in fact thing that the business conditions will be worse for the future. Just one year ago pessimists were a mere 1%.


Funding is still an issue for almost every startup, only 19% in fact find raising capitals for their business not challenging while the remaining 81% is somewhat rather then extremely challenged during fundraising process.


Regarding Brexit, it seems that UK startups are not scared of remaining as only 17% are considering to move their headquarters outside UK or Europe following the triggering of article 50 of which only 1% will leave Britain for sure.


It’s still to define instead how Brexit will affect talent recruiting that is considered, by 76% of responders, as the main public policy issue affecting their companies. It’s very likely though, in my opinion, that at least for EU nationals will be put in place bilateral agreements for permanent working visa in the UK.

All images are courtesy of Silicon Valley Bank.

Hello (Contemporary) World!

Well… the die is cast! Here i am with my blog after a short nocturnal thinking but a long smoldering beneath the ashes.

I’d like to use this space to discuss, as per the blog’s header, my view of the world giving a particular focus to such sectors that i enjoy and, luckily enough, i work into. Tech & startups but also lifestyle changing solutions, inventions and politics.

Hope this will be a free-of-speech place where me and my actual and future (not still known!) friends can discuss about such new ideas, rising trends, interesting people and must have books.

So.. enjoy According to Sante!