Find Financing In Rome

How to Find Capitals for Your Business in Rome

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Italy is sadly known as an unfriendly place for start ups and new businesses, due to the overwhelming bureaucracy and high taxes. Still the Country is fertile ground for business men that want to open a business closely related to Italy’s and Rome’s typical characteristics: fashion goods, clothes, accessories, typical foods, industrial and graphic design, the inventiveness and creativity of Italians, the many touristic resources. Even in these difficult times, new businesses are launched by Italian and foreign entrepreneurs, both in the classic market sectors and in the newest technology and internet related fields.
There are many roads you can follow in order to secure capitals for your start up. A natural first choice is going to a bank. Unicredit is one of Italy’s largest bank groups. It hails from Rome and you’ll find branches everywhere in Italy. The banking group Intesa - San Paolo is a merger of two of Italy’s largest banks in a new company. They have branches and counters in all Italy, including of course Rome.
Going to a bank will surely be your first step, but most probably won’t be the last one. In these times of crisis, bank credit to small –and especially to new – firms is hard to obtain. That it’s not to say that there’s no money around. In order to promote the creation of new firms, several entities offer money to new business. The European Community, Italy, the Region Lazio, the Province of Rome and the town of Rome are entities that routinely send out offers for young entrepreneurs, giving out credit with low rates, long refund times and often with part of the capital loaned “a fondo perduto”, meaning that that quota of the capital should not be refund. You can take a look here for a starter on European grants, while on this page you can find a guide to loans in Italy, with information provided by the EU. For more regional information, take a look to the websites of the Regione Lazio and the Province and Town of Rome.
There are also private groups and individuals acting as venture capitalists and incubators in Italy. H-Farm is a well known incubator, while Telecom Italia (the incumbent phone carrier) promotes the Working Capital meetings, where new entrepreneurs pitch their ideas for a web 2.0 project to venture capitalists.
Finding your way across all these offers can be daunting. Your best bet is to ask for the help of a professional or agency specialized in finding financing and capitals. A commercialista will surely help you. If you want to deal with banks, your safest bet can be the Valo Re group. Based in Rome, their pay off is “la scelta migliore”, the best choice, to find a loan, mortgage or other form of financing.

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