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Italy awards EUR 60 mln in startup loans in Q1

Monday 24 April 2017 | 14:48 CET | News
Italy's ministry for economic development (MiSE) has announced that a total of EUR 60.2 million in loans was awarded to innovative startups in the first quarter of 2017 as part of the Guarantee Fund for SMEs. A total of EUR 418.5 million in funding has been granted to 1,286 startups since the initiative begun some three and half years ago. The average amount granted is EUR 211,131 for an average loan period of four and a half years, said MISE. In terms of regions, startups based in the northern areas of Lombardy, Friuli-Venezia Giulia and Trentino-Alto Adige recorded the highest number of

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Categories: Internet
Companies: MiSE
Countries: Italy
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