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Included in Investment in
Implementing national Total investment
Sector Sub-sector Project name Description Status 2015 – 2017 Barriers/solutions
agency investment plan cost (€/m) (€/m)
(yes/no)
"Risk Sharing Facility " public/private support incentive
scheme for promoting industrial relevant innovative
projects (from 7,5 mln euro to 50 mln euro) oriented Signed the general agreement
A. Knowledge, SMEs SMEs R&D and Ministry of economic to the production of goods, services or processes.EIB between Ministry of Economic Access to finance (credit crunch), Actual business economic cycle, Lack of
and the digital Private R&D Innovation development, EIB will provide credit lines for 500 mln euro, on the base yes Development and EIB, ongoing the 500 500 confidence and risk taking in the private sector, Firms under-investment.
economy investments
of a first lost guarantee issued to EIB by the "Smes adoption of minesterial decree
National Guarantees Fund" that will cover 20% of the
loan (max. 100 mln euro guaranteed)



"Smart & Start " public support incentive scheme
A. Knowledge, SMEs Innovative startups Ministry of economic oriented to promote new entrepreneurial activities Startups financing gaps, Barriers to market entry; solutions: potential EIF
and the digital SMEs yes Active 220 220
economy development development, Invitalia and to support technological (or knowleddge) intervention to solve the financing gap
transfer for innovative start-up



Risky investiments for high R&D activities and developments of high technologies
Ministry of economic and Lack of long term finance + coordination and permitting problems, leading to
A. Knowledge, SMEs development, Development of a multipurpose submarine possible delays / Risk sharing mechanism.
and the digital Public R&D USSP Ministry of Education, supportship yes 500 500 The EIB presently requires sovereign recourse for considering financing
economy University and A project management unit will supervise the project’s planning and
Research implementation under the close supervision of the promoter and the relevant
Ministries.





A. Knowledge, SMEs Ministry of Labour, Supporting the initiatives in the social economy sector Lack of financial instruments dedicated to social economy. Solutions: provision of
and the digital A.2. SMEs, Private Social Economy Fund Private promoters, by fostering and promoting the activity of specilized Yes to be implemented 500 500 a first loss facility from the government or EU instruments to attract private
R&D
economy EIB, EIF, CDP funds and by financing specific investment investors and long term support from CdP and the EIB





CLUSTER Initiative was founded in line with the 1) extreme fragmentation of small investments;
objectives of the Europe 2020 Strategy and Horizon Planning and investment decision 2) barrier due to the current rules of public accountability
A. Knowledge, SMEs National 2020 to relaunch competitiveness in research, taken, activities partially started, 3) delays due to multiple actors.
and the digital Private R&D Technological Clusters MIUR development and innovation, in line with the Yes average duration 3 years. The 409 359 4) public budgetary constraints;
economy Programme Programme is currently partially
Communication COM (2008) 652 def, the project financed 5) investment risk profile and credit rationing
includes the "Internet of things" initiative Solution: potential EIB financing through Banking System
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