Pre-information Calabria Region notice
The Venture Capital Fund (FoVeC), established by the Calabria Region, aims to support, through a financial intervention in risk capital, managed by his in-house company Fincalabra S.p.A., companies with headquarters/local unit in Calabria, in the growth and expansion of innovative entrepreneurial activities, also with a view to internationalization. The intervention concerns:
- the adoption of technical solutions, new organizational and/or production structures with respect to the reference market of the proposing company;
- the new technologies functional to the expansion of the user target of the product/service/offer;
- the development and sale of innovative or improved products/services with respect to customer needs.
beneficiary:
SMEs and in single form (not aggregated and excluding cooperatives), satisfy at least one of the following conditions:
- they did not operate in any market;
- they have been operating in any market for less than seven years since their first commercial sale;
- need an initial investment for risk finance that, on the basis of a business plan developed for the launch of a new product or the entry into a new geographic market, is higher than 50 % of their average annual turnover over the last five years.
DURATION
5 years with the possibility of more 2 years (grace period). The duration of the FoVeC Fund is until 31 December 2030 and is divided into the following sub-periods:
- investment period, until the 22 December 2023;
- disinvestment period, from the end of the investment period and until 31 December 2030.
FINANCIAL ENDOWMENT
The total amount of resources is equal to €3,000,000.
Source: Calabria Region
