Legal framework; Startup; Innovation; Innovative Entrepreneurship; Public Policy.
In the present study, from the recognition of the importance of micro and small companies in the socioeconomic bias and the technological advance that imposes the need for innovation, mainly promoted by startups, to guarantee the competitiveness and development of the economy, an attempt was made to better understand the appropriate public policies, especially from a legal point of view. The Legal Framework for Startups is part of this scenario, seeking to regulate the model of startups and innovative entrepreneurship, recognizing its relevance to align the Brazilian market with global development and adapt the legislative framework to technological developments. Using the deductive scientific method to achieve the specific objectives proposed in this research, and following the exploratory and descriptive formats, through two main procedural instruments: the bibliographic and the documentary, the proposal was to present the main subjects and innovations dealt with in the aforementioned diploma legal, in addition to analyzing how public policies are important in promoting and consolidating these new business models and how these are essential for local economic development through micro and small companies, especially after the regulation of LC 182/2021. The draft bill proposed to the municipality of Betim has the potential to bring positive impacts to the various actors and environments that promote innovation, mainly to the public authorities, by demonstrating the current conjecture and the need for adjustments for the growth of the local economy.