Beneficiaries
The incentives referred to in this Chapter may be granted to female-led enterprises with a registered office and/or operational headquarters located throughout the national territory, established less than twelve months prior to the date of submission of the application for incentives. Natural persons intending to establish a female-led enterprise may also apply for access to the incentives provided for in this Chapter.
Eligible interventions
1. The initiatives that provide for investment programs for the establishment and start-up of a new female-led enterprise are eligible for the incentives provided for in this Chapter, relating to: a) the production of goods in the industrial, handicraft, and agricultural product processing sectors;
b) the provision of services, in any sector;
c) trade and tourism.
2. The initiatives referred to in paragraph 1 must:
a) be implemented within twenty-four months from the date of transmission of the incentive grant decree countersigned by the beneficiary female-led enterprise, otherwise the granted incentives will be revoked. Based on a reasoned request from the enterprise, the Managing Body may authorize an extension not exceeding six months;
b) provide for eligible expenses not exceeding 250,000.00 Euros net of VAT.
Eligible expenses
a) tangible fixed assets, with particular reference to brand new plants, machinery, and equipment, provided they are consistent and functional to the business activity, for the exclusive use of the incentivized initiative;b) intangible fixed assets, necessary for the activity subject to the incentivized initiative;
c) cloud services functional to the core business management processes;
d) employees, hired on a permanent or fixed-term basis after the date of submission of the application and employed functionally in the implementation of the incentivized initiative;
e) working capital requirements within the limit of 20% (twenty percent) of the total expenses deemed eligible.
For working capital requirements, expenses must be consistent with the initiative and the incentives may be used for the payment of the following expenditure items:
a) raw materials, subsidiary materials, consumables;
b) ordinary services, strictly necessary for the conduct of the business activities;
c) use of third-party assets, including rental costs, leasing fees; d) guarantee charges referred to in Article 17, paragraph 3. - For the purposes of eligibility, expenses must be accounted for in compliance with the relevant accounting and tax regulations.
The investment assets referred to in paragraph 2, letters a) and b), must be used exclusively for the purpose of carrying out the business activity
- Expenses must be paid through one or more ordinary current accounts held in the name of the beneficiary female-led enterprise
- In any case, only those expenses which, based on the date of the relative invoices or other supporting documents, result as having been incurred after the date of submission of the application for incentives are eligible
The contribution granted by the Invitalia Female Enterprise Fund
Non-repayable grant:a) for programs providing for eligible expenses not exceeding 100,000.00 Euros, the incentives are granted up to 80% coverage of the eligible expenses and in any case for a maximum contribution amount equal to 50,000.00 Euros.
b) For unemployed women who start a sole proprietorship or a self-employment activity, the maximum percentage of coverage of eligible expenses is increased to 90%, while maintaining the contribution amount limit of 50,000.00 Euros.
