According to multiple reports, the Italian Stability Law for 2017 extends investment crowdfunding to all small and medium companies that want to raise capital online. Previously only “innovative” SMEs were able to raise capital online but now crowdfunding will be opened up to the 136,000 small firms that power the Italian economy. An amendment submitted by the Deputies Mrs. Adriana Galgano and Mr. Giampiero Giulietti was approved during the session of the Committee for Budget, Treasury and Planning Issues at the Italian Chamber of Deputies on November 23, 2016. Some industry advocates were describing the update propelling the Italian regulatory regime as the “most advanced European law”, similar to the UK, in terms of policies for growth and development of Innovative Ecosystem for SMEs. Read more: crowdfundinsider.com
