SIMEST reopens applications for funding

Do you have an overseas expansion project but don't know how to carry it out? 

The June 3 counter reopens SIMEST, which last year enabled exporting companies to obtain non-repayable grants up to 320,000 euros and low-interest financing up to 480,000 euros. The grants cover expenses for:

- Capitalization
- Participation in Fairs Internationals
- Opening branches abroad
- Temporary Export Manager
- E-Commerce
- Studies of Feasibility
- Programs of Technical Assistance abroad

Have you already taken the opportunity in the previous announcement? 

Funds are limited and while funds 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.

 The funds will be allocated to Ice, Italy's foreign trade agency to implement the plan.  

- 605 million total (2021-2024)

- 151,4 million euros annually

- 32 Million annually for implementation of promotional initiatives in foreign markets 

- 30 Million annually for Italian trade fair events of international significance

- 20 Millions annually for startups, micro, small, medium-sized enterprises in the form of vouchers, including grants

- 20 Million annually for SME e-commerce

- 15 million annually for large-scale retail to increase market share in priority countries for Made in Italy

- 10 Million annually for training and education on foreign market opportunities

- 10 Million annually for strategic promotional campaigns in agribusiness

- 8 Millions annually for productions of excellence

- 4 Million annually to attract foreign investment

- 2,4 Million annually for micro and SMEs to participate in European and international calls for proposals

WARNING! However, companies that want to seize this opportunity must be careful. The danger number one in this kind of situation is that many consulting firms will offer their services in order to “jump on the bandwagon” without having the real experience in business internationalization.

Octagona, with more than 50 professionals operating in over 40 countries, supports successful companies that, like yours, strongly want to discover new markets and make profits from them. If you are really interested in developing your business abroad, and building a quality export project then this is the opportunity you cannot miss.

Click below, fill out the form and we will contact you to listen to your idea and study the best solution together.