Thirty Million € for Start-Ups

Fostering the setting up of new businesses in Campania, mainly made of young people under 35 and women, through subsidized interest rate loan to pay back in 7 years with a deferred period of 24 months. This is the aim of the “Star Up” call published in the Official Journal of Regione Campania on April, 14, 2014 that establishes the selections of eligible projects to be financed by the revolving fund for the development of Campania SMEs.

The "Start-up" call has an appropriation of 30 million € and funds investment programmes from a minimum of 25,000 € to 250.000 € to cover 100% of eligible investment programme.

The applications shall be submitted from 29 May 2014 at 10.00 to 30 September 2014 through the online access point available on the websites www.sviluppocampania.it, www.porfesr.regione.campania.it,www.economia.campania.it

The Task force of Campania In.Hub, Regional Ecosystem to support innovative start-ups through the supply of information, entertainment and guidance services, is active to support the initiative (www.campaniainhub.it).

Regional Minister for Production Activities of Regione Campania Fulvio Martusciello commented: "Regione Campania backs our production system: from small and medium enterprises to youth, potential entrepreneurs, we invest in revamping our economy. We have released resources up to 30 million € quickly to fund new business plans, especially for young people under 35 and females. We spur on the most vital driving forces of our land, namely the youth with great creativity and business philosophy”.

"This will be fertile ground for the "Start-up" call to stimulate the growth of new businesses, able to trigger a quality local development. The most recent data spread by the start-up observatory of Infocamere emphasises the more and more positive trend concerning the setting up of new businesses in our region. We should go along this road, simplifying the path of Campania entrepreneurs and supporting them through appropriate actions. The “Start-up” call and the initiatives promoted by the Regional Executive Board within the context of the revolving fund and anti-cyclical policies for SMEs, aim at that”. Mr Martusciello concluded: "Now it’s up to our youth, we expect quality projects and a positive spur to make Campania a land with a positive cooperation among traditional SMEs and highly skilled businesses, a winning model that will further enhance competitiveness”.