Italy National Measures – Nito ON

NITO-ON – Oltre Nuove Imprese a tasso Zero
Objective	“ON – Beyond New Businesses at zero interest” is aimed at micro and small businesses made up mostly of young people between 18 and 35 years old or women of all ages throughout the country.
Target	Eligible companies must: have a social structure made up of at least 51% of young people under 35 and women of all ages. The majority refers both to the number of women and / or young people present in the shareholding structure and to the share capital held. are established within the previous 5 years with different rules and methods depending on whether they are companies established for no more than 3 years or companies established for at least 3 years and no more than 5. Individuals can also apply for a loan, with the commitment to set up the company after any admission to the facilities.
Business activities admitted	Investment projects that require funding to implement new initiatives or expand, diversify or transform existing activities in the following sectors: Production of goods Provision of services to businesses and individuals Tourism Business.
Facilitated funding	Coverage of eligible expenses can be up to 90% to be repaid over 10 years. No guarantees are required in the event of loans of less than 250 thousand euros; on the other hand, a guarantee in the form of a special privilege is envisaged for loans exceeding 250 thousand euros. A mortgage is always required for investment projects involving the purchase of a property. For companies established no more than 3 years Coverage of eligible expenses can be up to 90% to be repaid over 10 years. They can access a mix of zero-interest financing and a non-repayable grant that cannot exceed the limit of 20% of the eligible expenditure. For companies established for at least 3 years and no more than 5 years The concessions consist of the mix of zero interest and non-repayable fund, which cannot exceed the limit of 15% of eligible expenditure.
Eligible Expenses	For companies established no more than 3 years, expenses of up to 1.5 million euros can be financed to carry out new initiatives or develop existing activities The following investment expenses are eligible: – Masonry and similar works (30% eligible investment); – Machinery, plants and equipment; – Computer programs and services for ICT; – Patents, licenses and trademarks; – Specialist consultancy (5% eligible investment); – Expenses related to the stipulation of the loan agreement; – Expenses for setting up the company; The following management costs can be financed (max 20% of the investment costs): – Costs for raw materials; – Services necessary for carrying out business activities. For companies established between 3 and 5 years, projects involving investment costs of up to 3 million euros to implement new initiatives or expand, diversify or transform existing activities can be financed. The following investment expenses are eligible: – Purchase of properties only in the tourism sector (40% eligible investment); – Masonry and similar works (30% eligible investment); – Machinery, plants and equipment; – Computer programs; – Patents, licenses and trademarks.
Facilities	The concessions provide for a mix of zero-interest financing and non-repayable grants for business projects with costs of up to 3 million euros, which can cover up to 90% of total eligible expenses. The business plans must be launched after the submission of the application and must be concluded within 24 months from the date of stipulation of the loan agreement.The incentive is at the counter: there are no rankings or deadlines. Applications are examined on the basis of the order of arrival.
Managing body	Invitalia
Deadline for submission	The desk was closed due to the exhaustion of funds, however the measure will be refinanced with a budget of 50 million euros for the three-year period 2022-2024 on the basis of the 2022 Budget Law.
Modality for submission	Onestop shop. There are no calls, deadlines or rankings and funding can be requested until the available resources are exhausted.
Submission	Applications 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 mail address (PEC). The application for funding is submitted with the required attachments and if the first evaluation phase is passed, the economic and financial analysis must be submitted.
Evaluation Process	Applications are evaluated in chronological order of arrival and according to two preliminary stages consisting of: first in-depth interview to verify the technical, organizational and managerial skills of the entrepreneurial team and the internal consistency of the financing project, also with respect to the potential of the market. If the interview is passed positively, the question will be integrated with the economic-financial plan of the project.second interview to assess the economic and financial sustainability of the initiative in consideration of the proposed expenses and the facilities requested.
Further Info	https://www.invitalia.it/cosa-facciamo/creiamo-nuove-aziende/nuove-imprese-a-tasso-zero/cose