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Start-up definition

What is the definition of a start-up under the call for proposals?

Thanks
Andrea

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IDConsortium

A startup is an independent small company, which is younger than five years and is aimed at creating, improving and expanding a scalable, innovative, technology-enabled product with high and rapid growth. These companies are usually managed by 1-3 entrepreneurs, and are continuously testing their business model and improving their product/service, their objective is to rapidly scale their business.