Il finanziamento Venture Capital: implicazioni della definizione di Piccola e Media Impresa

[Machine translation] This paper analyzes the European Commission's definition of Small and Medium Enterprises (SMEs) and compares it with similar definitions adopted by international organizations. The analysis explores how the definition of the terms of participation in capital or the right to vote by Venture Capitals (VC) can influence the very status of SMEs and consequently introduce a potential constraint on access to public funding sources. The descriptive analysis highlights that only a limited proportion of companies that have received VC investments would not have had access to public funding by applying the standard thresholds currently in place in the European Commission's definition of SMEs.