THE EAGLE. Investing, for small and medium-sized enterprises and innovative start-ups, will cost less. The incentives of the Relaunch decree include the possibility of deducting 50% on investments: the maximum amount that can be deducted for start-ups is 100,000 euros, which becomes 300,000 for SMEs.
According to the provisions of the Mise – Mef implementing decree, it is possible to submit the application and register and verify the “de minimis” aid until 30 April, exclusively via the online platform of the Ministry of Economic Development.
HOW TO ACCESS. The application must be submitted by the investor prior to investing in the beneficiary company.
For investments made in 2020, however, it is possible to apply again this year, but always by 30 April 2021. To access the procedure, the Spid credentials, Pec of the beneficiary small and medium-sized enterprise or start-up and digital signature. In the event of a change in the amount of the investment, it is necessary to promptly notify the update via the platform, so as to re-determine the amount of the incentives due.
CONCESSIONS. The new 50% tax deduction is reserved for individuals who invest in innovative start-ups, directly or through collective investment schemes, which focus mainly on this segment. The investment must be maintained for at least three years: otherwise the benefit is forfeited and what has already been used must be returned, with legal interest.
The maximum deductible amount in innovative start-ups is 100 thousand euros per tax period, which becomes 300 thousand for investments in SMEs. On the exceeding part, 30% can be deducted, up to a limit of 200 thousand euros, spread over three financial years.
START-UP INNOVATIVE. The term of permanence in the special section of the Business Register of the Chambers of Commerce has been extended by 12 months: therefore, the qualification of innovative start – up, with all the necessary benefits, is valid for six years and no longer five. All other deadlines for access to public incentives have also been extended by 12 months.
FINANCING. Additional resources foreseen for subsidized financing for innovative start-ups. Of these, a portion consists of non-repayable grants for the acquisition of services of incubators, accelerators, innovation hub, business angels and other public or private entities, with the aim of enhancing ecosystems for innovation.
Other resources will come to increase the “venture capital” support fund, intended to support capital investments, including through the underwriting of equity financial instruments, the provision of subsidized loans, the underwriting of convertible bonds, or other debt financial instruments which provide for the possibility of reimbursement.
SIMPLIFIED LOANS. The new Fund for technology transfer also aims to encourage the collaboration of public and private subjects in the implementation of innovation projects and spin-off, with the aim of supporting initiatives and investments useful for the enhancement and use of research results in companies operating on the national territory, with particular reference to innovative start-ups.
Finally, indirect entry into the risk and debt capital of the Ministry of Economic Development is envisaged. A specific vehicle was created, through the National Agency for New Technologies, Energy and Sustainable Development, called the “Enea tech Foundation”. (m.p.)