Fundraising
SAFE vs convertible note: differences, with a worked example
A SAFE is a contract that becomes shares at the next round. A convertible note is a loan that does…
Insights
Data and guides for better decisions.
Fundraising, public funding and new markets: analysis and practical guides for founders, SMEs and investors.
Public funding
Nuova Sabatini: the interest subsidy for machinery and software
The ministry pays you a contribution worth the interest on a five-year loan when you buy machinery, equipment or software.…
Fundraising
How to write a business plan: step-by-step guide with example
The nine sections of a business plan and the question each must answer, a one-page version, what Invitalia asks for…
Public funding
Italy SME guarantee fund: how the Fondo di Garanzia works
A public guarantee on bank loans, managed by Mediocredito Centrale for the ministry. Who can use it, what it covers…
Public funding
How to patent an idea in Italy: steps, costs and limits
You can't patent an idea, only an invention. What Italian law protects, how filing with UIBM works, what it costs…
Startup basics
Why startups fail: the real reasons and how to spot them early
What 431 venture-backed shutdowns reveal, how many new businesses survive in Italy and the US, the early warning sign behind…
Fundraising
Startup metrics investors want at pre-seed and seed
Which numbers investors ask for at pre-seed and seed for SaaS, marketplaces, consumer apps and B2B hardware, the benchmarks that…
Fundraising
What investors look for in a startup with no track record
In the largest survey of venture capitalists, 47% of firms said the team mattered most. What first-time founders can show…
Public funding
Patent box Italy: how the 110% deduction works (2026)
The Italian patent box lets a company deduct an extra 110% of the R&D costs behind patents, copyright software and…
Fundraising
Elevator pitch example: your startup explained in one sentence
One sentence that says who you help, what problem you solve and why anyone should believe you. The formula, real…
Adaxit Brief
Every two weeks, the capital markets in a five-minute read.