SIMEST Internationalization 2023: Growth Opportunities for Italian Companies

July 27, 2023 will be a date of great importance for Italian companies eager to expand internationally. On that date, in fact, the counter for the call for applications will open. SIMEST 2023 for internationalization (Fund 394) Of Italian enterprises.

Requirements

To access the soft loans offered by SIMEST, companies will need to comply with some basic requirements:

1. Have a registered office in Italy
2. Be duly incorporated and registered with the Registry of Companies
3. Not being in economic hardship
4. Have filed at least two financial statements (or two tax returns) covering two complete fiscal years, unless specifically excepted

SIMEST call for internationalization 2023: eligible expenses

SIMEST offers several lines of intervention, each dedicated to supporting specific initiatives for business expansion in international markets. Let's look in detail at the main funding lines proposed:

Inclusion in Foreign Markets

This line of intervention is aimed at companies that intend to establish a stable presence in target markets for the launch and dissemination of Italian goods and/or services or for the acquisition of new markets abroad. The investment can take place through the opening of new facilities in foreign countries or the strengthening of existing facilities.

Participation in International Fairs and Events

Under this line of intervention, SIMEST encourages the participation of companies in international events, such as trade fairs, exhibitions or business missions, to promote Italian goods and/or services.

Development of E-commerce in Foreign Markets

This line of funding is dedicated to the development of e-commerce for the distribution of Italian products in foreign markets, through the creation of new platforms or the improvement of existing ones.

Certifications and Consultancy for Internationalization.

SIMEST promotes internationalization projects that include specialized consulting, feasibility studies, and obtaining certifications for products and business processes.

Temporary Export Manager

This line of intervention allows for the temporary insertion of professional figures with expertise in internationalization into the business environment.

The Facilities for Businesses

The facilities offered by SIMEST for the lines of intervention can cover up to 100% of eligible expenses. The measures consist of low-interest financing, the amount and rate of which will be defined at the application stage, and a non-repayable grant up to 10% of the amount of the subsidized intervention, up to a maximum amount of 100,000 euros. The minimum amount of the subsidized intervention is 10,000 euros.

What can Octagona do for the SIMEST call for internationalization 2023?

This announcement represents An unprecedented opportunity for Italian companies aiming for international expansion. Funds are limited and while they last. It is important to start now, not wait until the last moment, and rely on those who have known the world of business internationalization for years.

Octagona supports successful companies that, like yours, strongly want to discover new markets and derive profits from them. With more than 50 professionals which operate in more than 40 countries, we can support you in all the activities allowed by the announcement.

Decide now what to do: write an email to octagona@octagona.com Or call us at tel: 059 9770184. You will be contacted by one of our senior consultants to get to know us and set up the next steps without hesitation.

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