Webinar: Investing in Central & South America
- ROME (AP) — Italian businesses seeking to expand into Central and South America may soon have access to new financial support, according to confartigianato Imprese Vicenza.
- On Tuesday, May 7, Confartigianato Imprese Vicenza is hosting a webinar focused on the competitiveness of Italian supply chains and companies operating in Central and South America.
- The initiative is organized with participation from Promobrasile Italia and the Italian Chamber of Commerce in Guatemala desk at Confartigianato Vicenza.
Italian Firms Eye Latin America with New SIMEST Funding
ROME (AP) — Italian businesses seeking to expand into Central and South America may soon have access to new financial support, according to confartigianato Imprese Vicenza.
Webinar to Detail Investment Opportunities
On Tuesday, May 7, Confartigianato Imprese Vicenza is hosting a webinar focused on the competitiveness of Italian supply chains and companies operating in Central and South America. the webinar will feature a presentation of a new measure from SIMEST, a company supporting the internationalization of Italian businesses. SIMEST shareholders include cassa Depositi e Prestiti, Italian banks, and entrepreneurial associations.
The initiative is organized with participation from Promobrasile Italia and the Italian Chamber of Commerce in Guatemala desk at Confartigianato Vicenza.
SIMEST Tool Targets Innovation and Sustainability
The webinar will delve into the specifics of the new SIMEST tool, which is designed for Italian companies interested in investing in Latin America. The program places particular emphasis on innovation, sustainability, and skills growth.
The webinar is scheduled to begin at 4:00 PM. Speakers will include representatives from Confartigianato Vicenza, Luiz Maria pio Corrêa, the deputy consul of Brazil, and Olga Maria Perez Tuna, the ambassador of guatemala.
Financing Structure and Advantages
Viola di Caccamo, Senior Professional of External Relations at SIMEST, will present the financing structure and advantages for companies, eligible sectors and activities, and methods for accessing the new measure. The second part of the webinar will highlight business opportunities in Central and South America, supported by testimonials from the desk and Italian companies active in the region.
Focus on Commercial Expansion and Production Growth
The new measure is part of SIMEST’s broader program to support investments in Central and South America, favoring both commercial expansion and production growth. key areas of focus include:
- Strengthening company assets,including investments to increase share capital and shareholder funding for subsidiaries abroad.
- Technological, digital, and ecological innovation.
- Transition to more sustainable models.
- Staff training, both in Italy and in Latin American branches, including costs for hiring and regularization of employment contracts.
Sustainability Incentives
The program also supports environmental and social sustainability through investments in areas such as improving energy efficiency and water management, with a focus on eco-compatible industrial projects.
Co-financing Available
The program offers opportunities for companies intending to make direct investments in Latin America, including those already exporting to the region or participating in a supply chain with interests in the area.Co-financing of up to 10% of the required amount is available.
Eligible Expenses
Eligible expenses for the contribution include:
- Investments for the company’s property solidity.
- Expenses for digitization and sustainability, including software, technologies 4.0, and solutions for sustainable industry.
- Training and insertion of staff from Latin America, including hiring and regularization costs.
Italian Firms Eye Latin america with New SIMEST Funding: Your Questions Answered
What is SIMEST and why is it relevant to Italian businesses?
SIMEST is a company that supports the internationalization of Italian businesses. It’s a key player in helping Italian companies expand their reach and invest in foreign markets. SIMEST provides financial support to Italian businesses, making it easier for them to enter new markets like Latin America.
What’s the new SIMEST measure all about?
The new SIMEST tool is designed to assist Italian companies that are looking to invest in Latin America. The program has a strong focus on three core areas:
Innovation: Encouraging companies to adopt new technologies and processes.
Sustainability: Supporting environmentally kind and sustainable business practices.
Skills Growth: Helping companies develop their workforce through training and growth.
What are the key areas of focus for this new funding?
The new measure is part of a broader SIMEST program to support investments in Central and South America,focusing on both commercial expansion and production growth. Key areas include:
Strengthening company assets, including investments to increase share capital and shareholder funding for subsidiaries abroad.
Technological, digital, and ecological innovation.
Transition to more sustainable models.
Staff training, both in Italy and in Latin American branches, including costs for hiring and regularization of employment contracts.
Who is eligible to apply for this funding?
The program offers opportunities for companies intending to make direct investments in Latin America. This includes businesses already exporting to the region or participating in a supply chain with interests there.
What kind of financial support does SIMEST offer?
The program offers co-financing opportunities for companies. Co-financing of up to 10% of the required amount is available for eligible projects.
What expenses are covered by this funding?
Eligible expenses include:
Investments for the company’s property solidity.
Expenses for digitization and sustainability, including software, technologies 4.0, and solutions for sustainable industry.
Training and insertion of staff from latin America,including hiring and regularization costs.
How does this program support sustainability?
the program encourages environmental and social sustainability by supporting investments in areas such as:
Improving energy efficiency.
Water management.
Eco-compatible industrial projects.
Where can I learn more about this possibility?
confartigianato Imprese Vicenza is hosting a webinar focused on the competitiveness of Italian supply chains and companies operating in Central and South America. The webinar will detail the specifics of the new SIMEST tool and provide insights into investment opportunities. The webinar is scheduled to begin at 4:00 PM.
What are the advantages of this funding for Italian businesses?
Viola di Caccamo,Senior Professional of External Relations at SIMEST,will present the financing structure and advantages for companies during the webinar. The second part of the webinar will highlight business opportunities in Central and South America, supported by testimonials from companies active in the region.
What are the key benefits of SIMEST funding for Italian companies in Latin America?
SIMEST funding offers several key advantages:
Financial support: Reduces the financial burden of international expansion.
Focus on Innovation: Encourages modernization and adoption of new technologies.
Sustainability Incentives: supports environmentally and socially responsible business practices.
Skills Development: Helps companies build a skilled workforce, both in Italy and Latin America.
How does the funding support company growth?
The new measure is designed to favor both commercial expansion and production growth. It does this by:
Supporting investments to strengthen company assets.
Encouraging technological and digital innovation.
Promoting sustainability in business practices.
* Providing resources for staff training and development.
Who are the key partners involved in this initiative?
The initiative is organized with participation from Promobrasile Italia and the Italian Chamber of Commerce in Guatemala desk at Confartigianato Vicenza. SIMEST shareholders include Cassa Depositi e Prestiti, Italian banks, and entrepreneurial associations.
Summary of SIMEST Funding Benefits
| Aspect | Details |
|---|---|
| Purpose | To support the internationalization of Italian businesses, specifically investments in Latin America. |
| Focus Areas | Innovation, Sustainability, and Skills Growth. |
| Eligible Businesses | Italian companies seeking to expand or already exporting to Latin America. |
| Funding type | Co-financing up to 10% of the investment. |
| Eligible Expenses | Investments for company assets, digitization, sustainability, and staff training (including hiring and regularization costs). |
| Sustainability Support | Investments in areas such as energy efficiency and water management, eco-compatible industrial projects. |