Interest-free loan covering 80% of the project cost
Interest-free loan, with no guarantees required from shareholders, covering 80% of total expenses (or 90% if the startup is composed entirely of women or young people under 36), repayable over 10 years with a maximum grace period of 2 years. The remaining 20% must be provided as equity capital.
For innovative startups with an operational unit in Southern Italy (Abruzzo, Basilicata, Calabria, Campania, Molise, Puglia, Sardinia, and Sicily) or in the central Italy earthquake crater area (116 municipalities in Lazio, Marche, Umbria), 30% of the loan is non-repayable (grant) and does not fall under the De Minimis regulation.
Eligible expenses include:
- Tangible and intangible assets
- External technical-specialist consulting
- Personnel (IT)
- Marketing
- Overheads
The total budget must range between €100,000 and €1,500,000, to be spent within 24 months for the commercialization of the product/service.
An advance payment of 40% of the loan can be requested upon submission of a bank or insurance guarantee.