Venture Capital
Optimize the financial setup of your direct investments abroad with the additional participation of the Venture Capital
For direct investments abroad only, direct SIMEST participation can be combined with Venture Capital, a public instrument with promotional conditions, which SIMEST manages in agreement with the Ministry of Foreign Affairs and International Cooperation.
NEW: from 1 January 2025, the new “Venture capital and participatory investments section”* of Fund 394/81 has been established, attributing to it the purposes originally attributed to the Revolving Fund for venture capital operations(1)
You can also find out about our funding at export.gov.it
Who it’s for
All companies that make production, commercial or technological innovation investments abroad, with SIMEST’s direct participation.
How it works
An Italian company may request SIMEST to acquire a total interest (SIMEST+ Venture Capital) for up to 49% of the planned total capitalisation.
Furthermore, the participation of public resources of Venture Capital:
- cannot exceed double the SIMEST participation (the size of the Venture Capital participation is also established on the basis of the characteristics of the partners and the investment project);
- cannot be, together with SIMEST, greater than the share held by the Italian partners
The overall intervention of SIMEST-VC is carried out at market conditions. For the additional participation of public resources of Venture Capital, the remuneration is equal to the ECB rate + a spread commensurate with the size class of the company.
Further terms and conditions of the participation of Venture Capital are defined during the structuring phase of the intervention and generally follow those envisaged for the direct participation of SIMEST.
*Article 1, paragraph 474, letter c), of Law No. 207 of 30 December 2024, established the new “Venture capital and participatory investments Section” of Fund 394/81, attributing to it the purposes originally attributed to the Revolving Fund for venture capital operations, and the subsequent paragraphs 477 and 478 provided for the suppression of the FVC and the Steering and Reporting Committee, with the consequent attribution of the administration of the aforementioned new Section of Fund 394/81 to the Concessions Committee
(1) referred to in Article 1, paragraph 270, of Law No. 205/2017