SmartMoney Phase 2 (Capo III): grant matching private equity into innovative start-ups
SmartMoney Capo III (Fase 2)
Status not published
Request within 6 months of the balance payment of Phase 1 (SmartMoney Capo II) and no later than 24 months after the admission decree; no open or close dates are shown on the page.
Non-repayable grant equal to 100% of the equity investment received from an innovation-ecosystem investor, up to EUR 30,000 in total. The investor's equity must be at least EUR 10,000, non-controlling, held at least 18 months and not made through equity crowdfunding portals. De minimis, within the EUR 300,000 in three years limit.
Invitalia S.p.A., for the Ministero delle Imprese e del Made in Italy
public · national
Deadline: Opens irregularly — Request within 6 months of the balance payment of Phase 1 (SmartMoney Capo II) and no later than 24 months after the admission decree; no open or close dates are shown on the page.
This funder does not publish a success rate. We rank it using the rate observed across similar programmes and label it as an estimate rather than implying we know.
Quick — mostly identity and bank details.
This is de minimis aid. It counts against the €300,000 ceiling that applies to your company across a rolling three years in this member state (Commission Regulation (EU) 2023/2831). If a new award would take you over, Article 3(7) disqualifies that award in full rather than reducing it — so check your headroom before you apply, not after. Check your headroom for Italy.
Who can apply
- Stage: pre-seed and seed
- Locally registered entity required
Only innovative start-ups that completed SmartMoney Phase 1 (Capo II) and received equity interest from one to three investors (certified incubators, accelerators, innovation hubs, research bodies, qualified investors, business angels). One application only.
Related reading: How grant deadlines actually work · What is de minimis aid?
Source. https://www.invitalia.it/incentivi-e-strumenti/smartmoney-capo-iii/cose
"Le agevolazioni sono concesse nella forma del contributo a fondo perduto pari al 100% dell’investimento nel capitale di rischio delle start-up innovative, nel limite complessivo di 30.000 euro."
Last checked against the official page on 5 October 2026
Source: www.invitalia.it
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