By subsidized finance, we mean a whole series of interventions, at national, regional or local level, offering financial instruments to entrepreneurs, with more convenient conditions and rates, than those offered by the financial market, with the purpose of helping the implement of new projects, make new investments or hire new staff. 

Subsidized finance has the aim of promoting the development of the National entrepreneurial fabric, increasing the competitiveness and facilitating the creation of new companies. 

There are several instruments: subsidized loans, tax credits, non-repayable loans, and capital risk investments. 

Most of the local, regional and National public funds are intended for micro, small and medium-sized enterprises, however there is also a fund for innovative start-ups, female and young entrepreneurs (under 35 year old).

Subsidized finance: the non-repayable grant.

The non repayable loan, also known as a capital increase, is the most known among the subsidized loans. 

Zero interest loans: the subsidized fund

The subsidized loan is a type of loan with a variable duration, guaranted by a public authority, a bank, or both, under co-ownership.

This loan has an interest close to zero.