Objective: Contribution to the growth and development of micro and small enterprises (MSEs) in the regions of Šumadija and Western Serbia and Southern and Eastern Serbia.
Total indicative budget: 375.000 Euros.
Amount to be awarded per individual project: From 5,000 to 10,000 euros. A minimum co-financing of 10% of the project value is required for the newly established enterprises, i.e. 15% for already registered enterprises.
Eligibility Criteria: Women and youth (up to 30 years of age) that are not yet registered to perform business activity as well as women and youth entrepreneurs who registered their businesses in 2022 and after.
Scope: Procurement of new equipment and introduction of services for enterprises with the aim of enhancing the quality of existing or the development of new products, increased productivity, supporting development of products with higher added value, substitution of imports and enabling introduction of innovations, and facilitating market expansion.
Corporate social responsible activities that contribute to local communities should be a part of all project proposals approved for funding.
Deadline for application: 12 September 2023, 24:00 local time.