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This paper proposes an evaluation study related to one of the most used instruments in the field of active labour policies: public incentives for the creation and start-up of new youth enterprises. The case study analysed refers to a specific law of the Umbria Region in support of youth entrepreneurship (Regional Law No 12/1995), with the aim of providing an overall picture of the main results achieved, both from an implementation point of view and in terms of effectiveness on its recipients. Through a reporting approach, regional policy is examined from the point of view of the operation of the instruments implemented. In this case, the analysis is aimed at verifying the extent to which potential recipients have recourse to regional funding and what are the main critical issues that emerged during the implementation of the intervention. With the counterfactual evaluation, we try to judge the ability of the policy to influence the survival of the companies financed, identifying the type of companies in which the major effects of the law are displayed. [ABSTRACT FROM AUTHOR]