Compose the Future: the necessary comparison between politics and innovation
In the frame of the accelerator LUISS ENLABS, LVenture Group hosted Compose the Future on Wednesday, June 21st, organized by Soundreef, the startup that has challenged the SIAE monopoly, proposing an alternative service to authors and publishers for managing rights. LVenture Group was one of the first companies to believe in the Davide D’Atri project — born as a startup (Soundreef Ltd) in England in 2011, it made its debut in Italy in 2015 thanks to a record investment of around 3.5 million by VAM Investments and LVenture Group.
Structured as a roundtable, the event was born in order to promote dialogue between the worlds of politics, investors, and startups, and seeks a common solution to enable young businesses to interact with the Government and the Institutions in a transparent and regulated manner. The exchange of ideas and opinions, led by Alessandro De Angelis, political pen for the Huffington Post and author of the TV show “In 1/2 h”, was attended by Davide D’Atri, Soundreef AD, Fabio Maccione, Public Affairs Manager at Flixbus, Luigi Capello, CEO of LVenture Group and LUISS ENLABS, Raffaele Mauro, Managing Director at Endeavor Italia, and Francesco Boccia, Chairman of the House Budget Committee. The closing of the day’s event featured guest speaker Fedez, who left the SIAE in the least year and entrusted his rights to Soundreef. The rapper took the opportunity to speak on why he chose the startup to manage his royalties and how he especially supports Soundreef’s cause and their shared goals: “The monopoly does not give artists the benefit. It only benefits those who have done the Monopoly”, he said during the debate.
The point of reflection from which the conference started was the awareness that, in recent years, innovative companies, such as Soundreef and Flixbus, have revolutionized their respective fields of affiliation (Soundreef being music, Flixbus being transport), but have clashed with regulatory contexts that are incapable of supporting them. We take the recent case of Flixbus as an example, who is facing “maneuvering”, the decree approved by Parliament to prevent companies that do not have the ownership means to work within the industry. Although Flixbus has won a series of appeals in front of the Tar, which confirmed its full legality, the fact remains that the prevention has been approved by majority. This apparent policy difficulty in reading changes in the economy creates strong developmental obstacles — on one hand, Government claims it wants to support and boost the startup and youth business world, while on the other hand it acts as a resistor to change and does not provide adequate legislative tools, thus blocking progress in the country.
Among the ideas that emerged during the conference was the creation of an “Intermediate Body”, one that would act as a bridge between startup and government, a proposal agreed by both Soundreef and Flixbus. Spokesman Luigi Capello spoke from an investors point of view, stating that the most urgent concerns are to improve state intervention and, above all, to bail out the bureaucratic system, but it is also equally important to realize the commitments of institutional investors such as Deposit Fund and Loans and pension funds.
Compose the Future has proved to be a profitable and full-fledged dialogue with the hopes of also becoming a realistic starting point for getting out of the impasse that Italy has been in for years.