New Business Grants 2023

This is a non-repayable grant for new entrepreneurs, such as young people, women and the unemployed, aimed at:

• support initiatives relating tothe launch of new businesses and/or initiatives aimed at consolidating the new business through investment, communication campaigns, training and services to facilitate their growth;
• encourage the purchase of goods and services within the province, thereby generating economic benefits for the province.

The support scheme is governed bythe Noticeand bythe general provisions common to all measures under Provincial Law 6/2023.

Grant scheme and eligible expenditure

The incentive, granted underthe ‘de minimis’ rulein accordance with the new Regulation 2023/2831, is determined on the basis of a percentage (depending on the score obtained by the submitted project) and with reference to the expenditure deemed eligible:

• the minimum expenditure threshold is10,000 euros;
• the maximum expenditure limit is€100,000.

To check the main categories of eligible expenditure, see Article 11of the Notice; to check the incentive amount and the top-up, see Article 9of the Notice.

Training programme

New entrepreneurs must attend a training programme organised by Trentino Sviluppo (minimum duration: 16 hours), covering topics such as business strategy and innovation, financial management, marketing and digital marketing, human resources management, and the circular economy.

Those who, in the 12 months prior to submitting their application, have attended a course on the above topics – including those run by other training organisations – lasting at least 16 hours, are not required to attend the aforementioned course, subject to assessment by the course instructor. In such cases, when submitting the application, a certificate of attendance for the training course already completed must also be provided, specifying the topics covered, the number of hours and the training provider.

Other obligations

Please refer to Article 14of the Notice for further information regarding the obligations and conditions applicable to beneficiaries.

New entrepreneurs who:

• are owners of the newly established business and who actively and exclusively carry out the management and organisation of the business, in the role of owner, legal representative or partner, as recorded in the Companies Register;

• fall into at least one of the following categories:
  • are women;
  • be a young person aged between 18 and 35;
  • have been unemployed for at least 6 months.

Eligibility criteria

To be eligible for the incentive, as of the date of application, the company must:

• be at least 51 per cent owned by one or more new entrepreneurs;
• have commenced business operations within the province no more than 18 months prior to the date of application, as recorded in the Companies Register (date of incorporation) or have transferred or established at least one operational unit within the province no more than 18 months prior to the date of application; or have been established through the takeover of an existing business or a generational handover no more than 18 months prior to the date of application;
• be a micro or small enterprise;

Project assessment criteria

Applications are examined in accordance with the evaluation procedure by the assessing body (Trentino Sviluppo). At the end of the evaluation process , aspecific ranking listwill be drawn up .Please refer to Article 8of the Notice for the evaluation criteria.

Applications may be submitted by:

• The owner of a sole trader business
• The company’s legal representative
• Authorised representative

Application deadlines and procedures

It is no longer possible to submit an application: applications could be submitted from 3.00 pm on 5 March 2024 to 3.00 pm on 30 July 2024. 

To submit an application, you must have a SPID digital identity.

To be eligible for the grant, you will also need to submit a project outline for the initiative and a business plan (in particular, you will need to prepare projected profit and loss accounts and balance sheets covering a two-year period, in accordance with the template available in the ‘Forms’ section).

It is no longer possible to submit an application.