Deadline: 16-Jan-22
The European Union (EU) funded INVESTMED project is pleased to launch an open call for the sub-grants for Micro, Small and Medium-sized Enterprises (MSMEs) in Egypt, Lebanon and Tunisia.
The project aims to support Micro, Small and Medium-Sized Enterprises (MSMEs) to improve their competitiveness, sustainability, capacity to innovate, and ability to internationalise, in order to foster sustainable growth and economic development in the region. Special emphasis is given to organisations with young people and/or women in managerial positions.
The purpose of the sub-grants is to help small businesses:
- Become more competitive;
- Improve their sustainability;
- Increase their capacity to innovate;
- Implement internationalisation strategies;
with the ultimate aim of fostering sustainable growth and economic development in the region.
Sectors
Applications are now open for start-ups and MSMEs based in Egypt, Lebanon and Tunisia, which operate in the following sectors:
- Green economy – in which the economic activities, infrastructures and assets of the sector enable the reduction of carbon emissions and pollution, improve energy and resource efficiency, and avoid the loss of biodiversity and ecosystem services.
- Blue economy – related to oceans, seas, lakes, rivers and coasts to promote economic growth, social inclusion and the preservation or improvement of livelihoods, while avoiding environmental and ecosystem degradation.
- Creative and cultural industries – enterprises engaged in the production or reproduction, promotion, distribution or marketing of goods, services and activities with content derived from cultural, artistic or heritage origins.
Funding Information
- Sub-grants of up to €10,000 per beneficiary (or up to €20,000 per cultural and creative project) will be awarded to help businesses develop and implement new strategies, products, services, or internationalization plans.
- Sub-grants will take the form of a reimbursement of costs.
- The INVESTMED project will provide grants according to the following lots:
- Start-ups: with a maximum of EUR 10,000.00 per beneficiary
- New product/service: with a maximum of EUR 10,000.00 per beneficiary
- Internationalisation: with a maximum of EUR 10,000.00 per beneficiary
- CCI projects: with a maximum of EUR 20,000.00 per project
What are they looking for?
Eligible business ventures are those seeking:
- Start-up growth: To develop and implement new strategies to grow market share and sign new commercial contracts;
- New product/service: To develop and launch new products/services;
- Internationalisation: To develop and implement internationalisation strategies/business plans to enter cross-border markets;
- CCI projects: To develop, create, produce, disseminate and/ or preserve goods and services which embody cultural, artistic or other creative expressions.
Why apply?
Receiving a sub-grant from the INVESTMED project can help your enterprise to:
- Launch and develop business initiatives
- Grow market share and sign new commercial contracts
- Enter cross-border markets
- Launch new products/services
- Benefit from a tailor-made incubation and acceleration programme in your country
- Be part of a community of Mediterranean entrepreneurs committed to sustainable development
Eligibility Criteria
In order to receive funding from INVESTMED, you must:
- Lead Applicant
- Be a legal entity, non-profit making
- Be a specific type of organization
- Be based in one of the following countries: Egypt, Lebanon and Tunisia. Important note:
- In the case of Egypt, only applicants based in Marsa Matruh, Al-Iskandanyah, Al Buhayrah, Kafr ash Shaykh, Ad Daqahliyah, Dumyat, Ash Sharquiyah, Al Isma’iliyah and Bur Sa’id are eligible.
- In the case of Tunisia, only applicants based in Medenine, Gabes, Sfax, Mahdia, Monastir, Sousse, Nabeul, Ben Arous, Tunis, Ariana, Bizerte, Beja, Jandouba are eligible.
- Include a co-financing of 10% of the cost of the action in your budget proposal
- Co-applicant(s): applying only to Lot [4] CCI projects.
- Co-applicants participate in designing and implementing the action, and the costs they incur are eligible in the same way as those incurred by the lead applicant.
For more information, visit https://www.enicbcmed.eu/investmed-opens-calls-sub-grant-applications-micro-small-and-medium-sized-enterprises