Provision of guarantees for Venture Capital investments from the Regional Guarantee Fund in FVG start-ups (final beneficiaries, having registered and operational office in FVG).

Entities that can be guaranteed: Investors undertaking venture capital investments in FVG start-ups. Investors must be resident in Italy or in one of the EU member states or in states part of the Agreement on the European Economic Area, and must have a production site or branch in Italy.

Types of eligible investors:

- Professional investors (financial intermediaries and holding companies) who have been active for at least 5 years and have carried out at least 10 venture capital transactions (equity or quasi-equity investments) in the last 10 years;

- Independent private investors (business angels), whether natural or legal persons.

Eligible operations: venture capital investment initiatives that contemplate the acquisition of a minority stake in the share capital of the target start-up (whose Business Plan has been positively evaluated in accordance with the terms of the Regulations).

Guarantee features:
1) Maximum coverage of the guarantee:
The maximum coverage, in general, is 65% of the venture capital investment amount. In the case of a guarantee to an independent private investor, the maximum coverage is 50%. In case the final beneficiary (in addition to being a startup) is also:
- An innovative startup: the guarantee is raised to 70%;
- A small innovative enterprise: the guarantee is raised to 75%.

2) Maximum guaranteed amount: maximum €1 million per initiative and final beneficiary.

3) Duration of the guarantee: equal to the duration of the venture capital investment, 3 to maximum 7 years. 

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