Startups and innovative SMEs in Italy: strong increase in subsidized investments
102 million euros of personal income tax deduction for those who invest in startups and innovative SMEs.
Investments for Startups and Innovative SMEs went from 27 million to over 102 million euros with a strong increase in April 2021.
These are subsidized loans through the incentive of the Ministry of Economic Development, which was launched on 1 March 2021.
The incentive provides for an IRPEF deduction of 50% for individuals who invest in the risk capital of innovative startups or innovative SMEs, within the limits of the thresholds set by the de minimis regime.
As of April 30, the total investment transactions admitted were 7,567, compared to 1,688 at the end of March, while the concessions granted, from 13 million at the end of March, reached the figure of 46 million euros. The companies that submitted the requests totaled 1,164 and are mainly present in the Lombardy, Piedmont and Lazio regions.
Incentives have so far been most requested by Startups and Innovative SMEs that operate mainly in the ICT, manufacturing, and consulting and research and development sectors.