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start-up (enriched definition)

Young firm assessed for innovation and growth potential.

Definition

A firm registered no more than five years prior that is additionally subject to a business‑potential assessment by the Innovation Agency to determine eligibility for targeted public support and sandbox participation, based on demonstrable innovation and growth prospects.

Amendments to the Law on Technology and Innovation (measures to implement EU AI Act / accelerate AI development)

Related Terms

Start‑up (innovation and growth potential assessment)

Firm ≤5 years old evaluated for innovation and growth potential....

Innovation Sandbox

Controlled regulatory environment for businesses to test new AI products/services with reduced burdens and oversight....

Enterprise

Entity engaged in economic activity....

digital hub

National focal point for innovation, investment and testbeds....

AI Business

Projects/companies using ML, data methods and platform models....

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