Unlocking Latin American Opportunities: A New Wave of Italian investment

Italian businesses are increasingly setting their sights on Latin america, drawn by the regionS growth potential and opportunities for strategic partnerships. To facilitate this expansion, SIMEST (a company supporting the internationalization of Italian firms) is launching a new program designed to provide financial incentives and support for Italian companies investing in Central and South America. This initiative arrives at a crucial time, as global supply chains are being re-evaluated and businesses seek to diversify their markets.

The program, backed by Cassa Depositi e Prestiti, Italian banks, and entrepreneurial associations, focuses on fostering innovation, promoting sustainable practices, and developing local skills within the Latin American market. This multifaceted approach aims to create long-term, mutually beneficial relationships between Italian and Latin American businesses.

SIMEST’s Financial Boost: Grants and Eligible Expenses

A key feature of the SIMEST program is the provision of non-repayable co-financing, covering up to 10% of the total investment. This financial boost can be a game-changer for small and medium-sized enterprises (SMEs) looking to establish or expand their presence in latin America. The funds can be used for a variety of strategic investments, including:

• Strengthening the company’s equity position.
• Investing in digital transformation and sustainable technologies.
• Training and integrating local staff, including hiring and regularization of employment contracts.

These eligible expenses reflect the program’s commitment to fostering long-term growth and sustainability, rather than simply focusing on short-term profits.

Webinar to Detail Opportunities and Submission Process

To provide italian businesses with a complete overview of the program and its benefits, confartigianato Imprese Vicenza is hosting a webinar on May 7th. The webinar will feature presentations from SIMEST representatives, as well as insights from Promobrasile Italia and the Italian Chamber of Commerce in Guatemala. Attendees will learn about the financing structure, eligible sectors and activities, and the application process.

The webinar will also showcase success stories from Italian companies already operating in Latin America, providing valuable insights and practical advice for businesses considering entering the market. This peer-to-peer learning possibility can be invaluable for navigating the complexities of international expansion.

Focus on Sustainability and Innovation

The SIMEST program places a strong emphasis on sustainability and innovation,recognizing that these are key drivers of long-term economic growth. Companies investing in eco-compatible industrial projects,improving energy efficiency,and implementing sustainable water management practices will be given priority.This focus aligns with the growing global demand for environmentally responsible business practices and helps italian companies gain a competitive edge in the Latin american market.

Furthermore, the program supports investments in digital technologies and Industry 4.0 solutions, enabling Italian companies to enhance their productivity, efficiency, and competitiveness. By embracing innovation, Italian businesses can contribute to the technological advancement of Latin America and create new opportunities for collaboration and growth.

Expert Perspectives

Viola di Caccamo, Senior Professional External Relations at SIMEST, will be presenting at the webinar, detailing the financing structure and advantages for companies. The event will also feature greetings from Luiz maria Pio Corrêa, the deputy consul of Brazil, and Olga Maria Perez Tuna, the ambassador of Guatemala, highlighting the strong diplomatic ties supporting this initiative.

This program represents a meaningful opportunity for Italian companies to expand their reach and contribute to the economic development of Latin America.
Viola di Caccamo, Senior Professional External Relations, SIMEST

Looking Ahead: A Promising Future for Italian-latin American Partnerships

The SIMEST program has the potential to significantly boost Italian investment in Latin America, creating new jobs, fostering innovation, and promoting sustainable development. By providing financial incentives and expert support, the program empowers Italian businesses to seize the opportunities presented by the Latin American market and build lasting partnerships that benefit both regions.