ON - Zero Interest New Enterprises
The incentive for companies with predominantly youth or women’s participation
WHAT IT IS
“ON - Zero Interest New Enterprises” is the incentive for the creation and development of businesses with predominantly youth or women’s participation
The financial benefits are active throughout Italy and consist of a mix of interest-free financing and non-repayable grants.
WHAT IT CAN DO
For companies being established or established for less than 36 months, projects of up to € 1.5 million are eligible for the implementation of new initiatives or the development of existing activities.
For companies established for at least 36 months and no more than 60 months, projects of up to € 3 million are eligible for the implementation of new initiatives or the development of existing activities through the expansion of the activity, the diversification of production through new additional products or the radical transformation of the production process.
Business plans must be launched after the submission of the application and must be concluded within the time indicated in the admission resolution, in line with the characteristics of the project, in any case no later than 24 months from the date of signing the loan contract.
Projects in the following sectors may be eligible for the financial benefits:
- production of goods in the sectors of industry, crafts and processing of agricultural products, including those related to social innovation, understood as the production of goods that create new social relationships or meet new social needs, including through innovative solutions;
- provision of services to businesses and/or people, including those related to social innovation;
- trade in goods and services;
- tourism, including tourist-cultural activities for the valorisation and use of the cultural, environmental and landscape heritage, as well as activities for the improvement of accommodation and hospitality.
THE FINANCIAL BENEFITS
The financial benefits can cover up to 90% of the expenses and consist of a mix of non-repayable contribution and interest-free financing to be repaid in 10 years.
For companies up to 36 months:
- the non-repayable contribution cannot exceed 20% of the eligible expenditure relating to “machinery, plants and equipment”, “computer programmes and ICT services”, “purchase of patents”;
- there is also a contribution to cover the working capital needs necessary for carrying out business activities of up to 20% of eligible investment expenses.
For companies between 36 months and 60 months:
- the non-repayable contribution cannot exceed 15% of the eligible expenditure relating to “machinery, plants and equipment”, “computer programmes and ICT services”, “purchase of patents”;
- there are no contributions to cover working capital.
Incentive or tool status
Active
