What is the goal of the investment?
Support the development of venture capital for start-ups by enhancing resources for the National Innovation Fund, the instrument managed by the Loans and Deposits Fund. The investment, managed by the Italian Ministry of Economic Development (Mise) aims to expand the set of innovative businesses with access to the Fund's resources, which will finance private investments generating added value and positive impact specifically in the research department, as well as on the economy in general.
- Reduce the gaps in standards of living
Altogether, the measure will support 250 small and medium innovative enterprises. In this case, too, the companies receiving financing may not undertake projects associated with fossil fuel, or projects within the scope of the EU Emissions Trading System, unless they entail emissions well under the main benchmarks. Companies undertaking projects associated with landfills or incinerators, or in any way associated with the generation of long-term hazardous waste for the environment, may also not be financed. The agreement between the Italian Government and the Loans and Deposits Fund (CDP) shall include precise specifications for the types of future recipient companies, investment KPIs, governance, selection criteria
More investments for Small and Medium Enterprises
More capitalised and less indebted SMEs
More productive and competitive SMEs