Every European Startup, according to the Italian Startup Act, can apply to get a fast-track, simplified and free-of-charge access to a Government Fund that supports access to credit through guarantees on bank loans. The guarantees cover 80% of the bank loans up to a maximum of 2.5 million Euros and it is provided through a simplified fast-track procedure.
Italy’s Startup Act aims to create favourable conditions for the establishment and the development of innovative enterprises in order to contribute significantly to economic growth and employment, especially youth employment. It also fosters a knowledge spill-over in the whole economic fabric and, more specifically, supports a new Italian production oriented towards high-tech and high-skill sectors. Not only that: supporting innovative entrepreneurship contributes to greater social mobility; strengthens the links between universities and businesses; makes people more incline to take business risks; and contributes to making the country more attractive for foreign capital and talents.
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