fundsforNGOs

Innovation Fund for Kosovar Micro, Small and Medium Sized Enterprises (MSMEs)

2022 Newton International Fellowships in the UK

Deadline: 8 December 2019

The “Innovation Fund” is co-financed by the Ministry of Innovation and Entrepreneurship (MIE) of the Republic of Kosovo and the German Federal Ministry for Economic Cooperation and Development (BMZ) and implemented by the Innovation Centre Kosovo (ICK).

ICK promotes and supports the development of new businesses that contribute to economic growth and job creation. ICK in collaboration with the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH project “Creating Employment through Export Promotion”, commissioned by BMZ and co-financed by MIE, and with the Ministry of Innovation and Entrepreneurship will provide financial support to SMEs through the “Innovation Fund” grant scheme. The grant award will be made in cooperation with the Innovation Fund Management Structure and the Steering Committee.

The CETEP project aims to enable micro, small and medium enterprises in employment relevant sectors to make use of the potentials of international markets. The fields of action are: business-related information, market- oriented business services, product and process innovations, and export promotion. In terms of product and process innovation, the CETEP project shall provide financial support to MSMEs through the “Innovation Fund” grant scheme.

Purpose

The “Innovation Fund” grant scheme shall support MSMEs in developing their innovation concept by introducing new/improved products/services/processes, in order to increase their economic/growth potential in the domestic and international markets. Moreover, the “Innovation Fund” may act as a catalyst for other investors to recognize the potential of MSMEs in the Kosovar market.

Objectives

The overall objective of the “Innovation Fund” grant scheme is to attract the most innovative ideas with potentials for export and employment creation for micro, small and medium sized enterprises (MSMEs).

The specific objectives are:

The “Innovation Fund” grant scheme shall identify good practices and innovative success stories, develop knowledge products, and disseminate the information within the existing network. The supported sectors are:

Funding Information

The overall indicative amount made available under the “Innovation Fund” grant scheme is EUR 800.000,00. Any grant requested under the “Innovation Fund” grant scheme must fall under the maximum amount of EUR 50.000,00 (1:1 with matching funds contributed by the beneficiary).

Eligible Applicants

In order to be eligible for a grant, the lead applicant must fulfill:

Eligible Activities

The awarded projects/ideas under the “Innovation Fund” grant scheme shall have significant impact on MSMEs and consequently impact the overall employment creation in the domestic market. The underlying activities shall:

For more information, visit https://ickosovo.com/innovation-fund

Exit mobile version