PRESENTATION

Sace Simest supports the development of e-commerce solutions in non-EU countries through the use of a Market Place or the creation of an IT platform developed in-house for the dissemination of goods and/or services produced in Italy or distributed under the Italian brand name.

BENEFICIARIES

All corporations (including those formed in the form of a “Subject Network”) are eligible for the facility.

In order to qualify for financing, it is necessary to have filed at least two financial statements covering two full fiscal years with the Registrar of Companies.

The following sectors of activity, according to the ATECO 2007 Classification, are excluded:

SECTION A – Agriculture, Forestry and Fisheries all activities

SECTION C – Manufacturing activities – only the activities in the following classes:

10.11 – Production of non-poultry meat and slaughter products (activities of slaughterhouses)

10.12 – Production of poultry meat and slaughter products (activities of slaughterhouses)

ELIGIBLE PROJECTS

Projects are eligible if they involve:

(a) directly implement an IT platform aimed at e-commerce;

(b) use a market place aimed at electronic commerce provided by third parties.

Both solutions must have a national top-level domain registered in the target country and must relate to goods and/or services produced in Italy or distributed under an Italian brand name.

ELIGIBLE EXPENSES

Expenditures eligible for funding are:

– Expenses related to the creation and development of its own IT platform

– Expenses related to the management/operation of its IT platform/market place

– Expenses related to promotional activities and training related to the development of the program

Expenditures incurred from the date of arrival of the financing application to SIMEST, up to 12 months after the date of signing the financing contract (implementation period) are eligible for financing.

AGEVOLATION

Funding can cover up to 100 percent of budgeted expenses, up to a maximum of 12.50 percent of the average revenues from the last two approved and filed financial statements.

The minimum amount that can be financed is € 25,000.00, the maximum amount is € 300,000.00 for the creation of an own platform and € 200,000.00 for the use of a market place provided by third parties.

The term of the loan is 4 years, including 1 year of pre-amortization, in which interest only is paid, and 3 years of amortization for repayment of principal and interest; installments are semi-annual in arrears with constant principal.

In any case, the financing may not exceed the limit of 12.5% of average revenues of the last 2 fiscal years.

Financing may be granted for an amount not exceeding the amount allowed by the application of EU “de minimis” regulations and within the limit of overall exposure to the 394 Fund (35 percent of average revenues for the last two years).

The loan provides for an initial disbursement of 50 percent of the granted loan amount, following the resolution of the Facilities Committee.

The balance amount shall be disbursed within 17 months from the date of signing the financing contract, following the reporting of all expenses incurred and provided that the expenses exceed the amount already disbursed “I.

The interest rate is fixed for the entire term of the loan and equal to 10 percent of the reference rate under EU regulations.

SUBMISSION DEADLINES

Notwithstanding the fact that the enterprise may submit multiple applications for funding, each individual application for funding must cover only one target country in which to register a national TLD.