Reinforcing Med Microfinance Network System for Start-ups

Italy National Measures – Cultura crea 2.0

Cultura Crea 2.0
ObjectiveCultura Crea 2.0 is the incentive that supports the birth and growth of businesses and non-profit initiatives in the tourism-cultural sector. The loans are active in the regions of Basilicata, Calabria, Campania, Puglia and Sicily.
Legal forms admitted● Startup: for the birth of new micro, small and medium-sized enterprises in the cultural, creative and tourism intermediation chain
● Consolidated companies: for the growth and integration of micro, small and medium-sized enterprises in the cultural, creative, entertainment and traditional and typical product supply chains
Social enterprises: to support third sector subjects in activities related to the management of cultural goods, services and activities, favoring forms of integration
● Business networks: to support collaboration and partnership formulas that encourage aggregation between companies, including from different sectors, aimed at creating collaborative production ecosystems
TargetCreate your business Title II for the “Creation of new businesses in the cultural industry” finances:
● Team of individuals who want to set up a business, provided that the establishment takes place within 30 days of the notification of admission to the facilities;
● Companies established in corporate form no more than 36 months ago, including cooperatives Develop your business.
Title III for the “Development of cultural and tourism industry enterprises” finances:
● Companies established as a company for not less than 36 months, including cooperatives Your non-profit enterprise.
Title IV for the “Support to the subjects of the third sector of the cultural industry” finances:
● Onlus;
● Social enterprises;
● Voluntary organizations;
● Associations for social promotion (APS).
Business activities admitted Create your business Activities involving the creation or introduction of innovative products or services in one of the following thematic areas can be financed:
Knowledge: application of innovative technologies and key enabling technologies for the creation, organization, sharing and accessibility of cultural contents;
Conservation: development and application of innovative processes for the protection and conservation of tangible and intangible cultural heritage;
Fruition: Development of activities related to communication, promotion and knowledge of the cultural and tourist heritage of the area;
Management: development of tools and application solutions capable of optimizing the management of cultural assets and activities.
Develop your business Activities can be financed which provide, in the sectors of the cultural, tourism, creative, entertainment and typical local products industries and having a functional link with one or more attractors indicated in the relevant legislation, interventions in the following areas of intervention:
● Services for touristic and cultural use;
● Promotion aimed at enhancing cultural resources;
● Recovery and enhancement of typical local products Your non-profit enterprise

Activities in one or more of the following areas of intervention are eligible:
● Activities related to the management of the attractions and cultural resources of the territory;
● Activities related to the use of the attractions and cultural resources of the territory;
● Animation and cultural participation activities The investment programs presented must provide for a functional link with one or more attractors indicated in the reference legislation.
Maximum funding amountCreate your business
● Spending programs up to 400,000 euros  
Develop your business
● Spending programs up to 500,000 euros  
Your non-profit enterprise
● Spending programs up to 400,000 euros
Facilitated funding Create your business
The concessions jointly provide for:
– A subsidized interest-free loan up to 40% of the admitted expenditure
– A non-repayable grant up to 40% of the admitted expenditure In both cases, the allowance ceiling can be raised to 45% for projects presented by women-owned companies, youth companies or companies with a legality rating. The beneficiary companies must finance with their own resources the portion of investments not covered by the concessions.

Develop your business
The concessions jointly provide for:
– Interest-free subsidized loan up to 60% of the admitted expenditure, which can be raised to 65% in the case of a female business, or a young business or in possession of a legality rating
– Non-repayable contribution up to 20% of the admitted expenditure, which can be increased to 25% in the case of a female business, or a young business or in possession of a legality rating

Your non-profit enterprise
The benefits include:
– A non-repayable grant of up to 80% of the permitted expenditure, which can be raised to 90% in the case of a female business, or a youth business or in possession of a legality rating.  
For companies that request it, a tutoring service is also available, up to a maximum value of 10,000 euros. The beneficiary companies must finance with their own resources the portion of investments not covered by the concessions. The concessions are granted within the limits of the de minimis regulation.
Eligible expensesThe following investment costs are eligible:  
a) Plants, machinery, equipment, furnishings and mobile vehicles;
b) Intangible assets with long-term utility, limited to computer programs, patents, licenses and trademarks, as well as certifications, know-how and technical knowledge, including non-patented ones, related to the investment program to be carried out;
c) Masonry works, within the limit of 20% of the overall investment program deemed admissible and in any case within the limit of 10% of the overall expenditure program deemed admissible including working capital expenses.  

The following working capital expenses are eligible, up to a limit of 50% of the eligible investment costs:
a) Raw materials, consumables, semi-finished and finished products used in the characteristic production cycle of the company;
b) Utilities;
c) Rents;
d) Provision of services related to the subsidized production activity;
e) Technical appraisal and insurance policy referring and connected only to the assets of the financed project and bank / insurance guarantee required in the advance;
f) Notary fees related to the establishment of the company incurred for the sole start of the business;
g) Opening of the current account dedicated and / or linked to the investment program;
h) Cost of employees hired for an indefinite period.
Managing BodyInvitalia 
Deadline for submissionThere are no deadlines as the measure is at the counter and funding can be requested until the available resources are exhausted.
Modality for submissionOne-stop shop. There are no calls, deadlines or rankings and funding can be requested until the available resources are exhausted.
SubmissionApplications can be sent exclusively online, through the Invitalia web platform.
To submit the application it is necessary to have a digital identity (SPID, CNS, CIE), a digital signature and a certified mailing address (PEC). The application consists of the business project to be completed online and the documentation to be attached, according to the forms on the site.
Evaluation ProcessApplications are evaluated in chronological order of arrival within 60 days of the submission date. The preliminary investigation also includes a mandatory assessment interview to be held online.
Further Infohttps://www.invitalia.it/cosa-facciamo/creiamo-nuove-aziende/cultura-crea-2-0
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