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
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.
The SIMEST office will reopen on June 3rd and is aimed at exporting companies that have a plan to expand abroad. Funds are limited and allocated on a first-come, first-served basis, so it is advisable to prepare the documentation in advance and submit the application immediately, without waiting until the last days.
In the previous edition, the SIMEST desk enabled exporting companies to obtain grants of up to 320,000 euros and subsidized loans of up to 480,000 euros. The amounts depend on the submitted project and the eligible expenses, and the available funds are limited.
The SIMEST contributions cover seven areas of spending: patrimonialization, participation in international fairs, opening of branches abroad, Temporary Export Manager, e-commerce, feasibility studies, and technical assistance programs abroad. Therefore, companies can finance both commercial presence and digital and organizational tools for exporting.
The 2021-2024 plan, implemented by ICE, allocates a total of 605 million euros, equivalent to 151.4 million per year. Among the annual items are 32 million for promotional initiatives in foreign markets, 30 million for international-scale trade fairs in Italy and 20 million for e-commerce for SMEs.
The plan provides 20 million euros annually for startups, micro, small and medium-sized enterprises in the form of vouchers, even with no repayment requirement. There is also 20 million for SME e-commerce and 2.4 million for SMEs participating in European and international tenders.
It is advisable to choose a company with real experience in business internationalization, because many companies will offer services only to take advantage of the opportunity without specific expertise. Octagona, for example, has more than 50 professionals operating in more than 40 countries and assists companies in building quality export projects.
Are you interested in our service?
Fill out the form or contact us at
+39 059 9770184
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