Italy

Italy

Provides grants to support investment projects in digital innovation, clean technologies, and biotechnology

12 Aug 2024

On 12 August 2024, Italy adopted a ministerial decree establishing the "Mini Development Contracts" aid scheme, allocating €300 million to support investments in strategic technologies aligned with the European Union’s Strategic Technologies for Europe Platform (STEP) Regulation.

The scheme is open to small and medium-sized enterprises (SMEs) and large companies and funds projects in digital innovation, clean technologies and biotechnology. Eligible investment amounts range from €5 million to €20 million. Grants cover up to 55 per cent of eligible costs for small enterprises, 45 per cent for medium-sized enterprises and 35 per cent for large companies.

Managed by the Italian National Development Agency (Invitalia), projects must be completed within 36 months and focus on new facilities, expansion or modernization to drive regional economic growth.