SIMEST Measurement: Free Contributions for Central/South America Actions
SIMEST Webinar to Detail Funding for Italian Firms in Latin America
Italian companies eyeing expansion into Central and South America can learn about new financial support during a webinar scheduled for May 7, 2025, at 4 p.m. CET. The online event will focus on the SIMEST program designed to bolster the competitiveness of Italian supply chains and businesses operating in the region. Promobrasile Italia and the Italian Chamber of Commerce in Guatemala, in collaboration with Confartigianato Company Vicenza, are organizing the initiative.
The webinar aims to provide in-depth information about SIMEST’s resources for Italian firms investing in Latin America, with a focus on innovation, sustainability, and skills advancement.
Webinar Agenda
Opening Remarks (4:00 p.m.CET)
- Confartigianato Vicenza will open the webinar.
- Luiz Maria Pio Corrêa, Deputy Consul of Brazil, will deliver greetings.
- OLGA MARIA PEREZ TUNA, the Guatemalan ambassador, will also provide greetings.
- Viola di Caccamo, Senior Professional of External Relations at SIMEST, will speak.
SIMEST Program Presentation (4:15 p.m. CET)
- Overview of financing structure and benefits for companies.
- Details on eligible sectors and activities.
- Guidance on submission procedures.
Business Opportunities in Central and South America (4:45 p.m. CET)
- Insights from foreign trade desks.
- Testimonials from Italian companies active in the region.
Q&A and Closing Remarks (5:15 p.m. CET)
Participation is free via Zoom.Registration is required through this link: Zoom Registration Link. Meeting ID: 818 4529 2586. Access code: 506237.
SIMEST Program Highlights
The SIMEST program supports Italian investments in Central and south America, promoting commercial expansion and production growth, with an emphasis on:
- Strengthening company equity, including investments to increase share capital and shareholder funding for foreign subsidiaries.
- Promoting technological, digital, and ecological innovation to encourage enduring practices.
- Supporting staff training in Italy and Latin American branches,including costs for hiring and employment contracts.
- Investing in environmental and social sustainability, such as improving energy efficiency and water management, with a focus on eco-amiable industrial projects.
benefits for Participating Businesses
Companies participating in the SIMEST program can access several advantages:
- Non-repayable co-financing of up to 10% of the requested amount (up to 20% for companies in Southern Italy).
- Exemption from guarantee requirements compared to other programs.
- A dedicated reserve of 200 million euros for companies with strategic interests in Latin America.
Eligibility
The program is open to:
- Italian companies planning direct investments in Latin America.
- Companies already exporting to the region.
- Companies not currently exporting but part of a supply chain with interests in Latin America.
Eligible Expenses
Eligible expenses include:
- investments to strengthen the company’s equity.
- Expenses for digitization and sustainability, including software, Industry 4.0 technologies, and sustainable industry solutions.
- Training and integration of personnel from Latin America, including hiring and regularization costs.
Loan Details
The loan can cover up to 35% of the average revenues from the company’s last two financial statements, with a maximum of €500,000 for micro-enterprises and €5,000,000 for other companies. The loan term can extend up to six years.
Disbursement Schedule
Funds will be disbursed in a maximum of three tranches:
- Frist Tranche (25%): Advance payment within 30 days of fulfilling suspension conditions.
- Second Tranche (25%): Within three months of the first reporting date, provided at least 50% of expenses have been incurred and reported.
- Third Tranche (Balance): To balance the expenses, within four months from the end of the project.
Application Process
Companies can submit applications starting March 25, 2025, through the SIMEST portal. Adherence to the guidelines outlined in Operational Circular n. 1/394/2025 is essential.
For further details and requirements, visit the SIMEST website: SIMEST – Competitiveness of Italian supply chains in Central or Southern America.
contact Information
For information, contact:
The government of the riva
Head of the International Dept.
Confartigianato Imprese Vicenza
via E. Fermi n. 134, 36100 Vicenza
v.riva@confartigianatovicenza.it
Tel.+39 0444 168316
Cell. +39 3485157760
Here’s the Q&A-style blog post, crafted with an SEO adn user-centric approach:
SIMEST Funding for Latin America: Your Questions Answered
are you an Italian company looking to expand into the lucrative markets of central and South America? Understanding the financial support available is crucial. SIMEST, a key player in fostering international business for Italian firms, is offering a webinar to provide valuable insights. Let’s dive into everything you need to know.
What is the SIMEST Webinar and why Should I Attend?
This webinar, scheduled for May 7, 2025, at 4 p.m. CET, is a crucial event for Italian businesses considering investment in Latin America. the event,organized by Promobrasile Italia and the Italian Chamber of Commerce in Guatemala,in cooperation with Confartigianato company vicenza,aims to equip attendees with the knowledge needed to leverage SIMEST programs.
Why attend? The webinar offers in-depth information about SIMEST resources. This covers financial aid, insights into the application process, and a chance to understand the benefits of various sectors in the region for Italian companies. Also,you can gain strategic information which would otherwise take you a long time to find.
What specific Topics Will Be Covered During the Webinar?
The webinar’s agenda provides a complete overview of the SIMEST program and business opportunities.Here’s a breakdown:
Opening Remarks (4:00 p.m. CET): You’ll hear from key figures like Confartigianato Vicenza, the deputy Consul of Brazil, the Guatemalan ambassador, and Viola di Caccamo from SIMEST.
SIMEST Program Presentation (4:15 p.m. CET): This section details the financing structure, benefits, eligible sectors, activities, and guidance on how to apply.
Business Opportunities in Central and South America (4:45 p.m. CET): Gain insights from foreign trade desks and hear success stories from Italian companies already operating in the region.
Q&A and Closing Remarks (5:15 p.m. CET): This is your opportunity to ask questions and receive clarification.
When and How Can I Register for the Webinar?
The webinar is on May 7, 2025, at 4 p.m. CET.
Registration is free and required. You can register using the following link:
https://us06web.zoom.us/j/81845292586?pwd=UeusYmjYoumdaLR4eq7OFKuqZb9Ymg.1
Meeting ID: 818 4529 2586
Access code: 506237
What is the SIMEST Program and What Does It Offer Italian Businesses?
SIMEST is a program designed to support Italian investments in Central and South America. It provides crucial financial backing to Italian companies striving to expand their reach and foster production growth in the region.
In the context of the webinar and broader use, the SIMEST program focuses on:
Strengthening company equity: this involves investments, including those that bolster share capital and shareholder funding for foreign subsidiaries.
Fostering innovation and sustainability: The program encourages technological, digital, and ecological advancements to promote enduring practices.
Supporting Staff Advancement: Financial support is available for staff training programs in Italy and at Latin American branches, including costs associated with hiring and employment contracts.
Promoting Environmental and Social Sustainability: SIMEST emphasizes investments focused on enhancing energy efficiency, water management, and ecological industrial projects.
Who is Eligible for SIMEST Funding?
Are you eligible? The program is open to:
Italian companies planning direct investments in Latin America.
Companies already exporting to the region.
Companies that may not currently export but are part of a supply chain with interests in Latin America.
What Types of Expenses Does SIMEST Funding Cover?
The funding provided within the SIMEST program covers various eligible expenses crucial for business expansion and enduring growth:
Equity Strengthening: Investments aimed at reinforcing the company’s financial foundations.
Digitization and Sustainability initiatives: Expenses incurred in digital conversion, industry 4.0 technologies, and the implementation of sustainable industrial solutions.
Personnel Training and Integration: This includes covering costs linked to training and officially incorporating personnel from Latin America, including those associated with recruitment and compliance needs.
How much Funding Can I Potentially Receive?
The loan provided by SIMEST can potentially cover up to 35% of the average revenues of your company, calculated from the last two financial statements.
Maximum Loan Amount:
€500,000 for micro-enterprises.
€5,000,000 for other companies.
Loan Term: Up to six years.
What are the Benefits of Participating in the SIMEST Program?
Companies participating in the SIMEST program can access several advantages, including:
Co-financing: Non-repayable co-financing of up to 10% of the requested amount (up to 20% for companies in Southern Italy).
Reduced Security Requirements: Exemption from guarantee requirements compared to other programs.
Dedicated Reserve: A dedicated reserve of 200 million euros for companies with strategic interests in Latin America.
How Does the Disbursement Schedule Work?
Funds are disbursed in a maximum of three tranches, providing strategic financial support throughout your project:
First Tranche (25%): An advance payment is granted within 30 days of fulfilling the conditions that suspend the funding availability.
Second Tranche (25%): Disbursed within three months from the initial reporting date, provided that at least 50% of the incurred expenses have been reported.
third Tranche (Balance of Remaining Funds): The remaining funds will be released within four months following the projects’ established completion date.
When can I Apply for SIMEST Funding and How?
Applications open on March 25, 2025.
You can submit applications through the SIMEST portal.Adherence to the guidelines outlined in Operational Circular n. 1/394/2025 is essential.
where Can I Find More Information?
For detailed information and the latest requirements, visit the SIMEST website: https://www.simest.it - Competitiveness of Italian supply chains in Central or Southern America.
How Can I Contact the Organizers for Further Information?
For more information,please contact:
The Head of the International Department Confartigianato Imprese Vicenza,via E. Fermi n. 134,36100 Vicenza.
Email: v.riva@confartigianatovicenza.it
Phone: +39 0444 168316
* Mobile: +39 3485157760
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