TIRANA, May 27 /ATA/- For September 2018 – April 2019 around 43 grantees have been selected for IDEA-Grant scheme, out of 137 applications in total, with 110 ones subjected to administrative review.
The ceremony of extending the grants of IDEA-Grant scheme in the light of ProSEED project, which is a cooperation between Ministry of Finance and Economy and GIZ took place on Monday at Hotel Tirana.
The project enables financial support for start-ups respectively EUR 4.000 for individual projects and EUR 7000 for projects in group.
The total amount of grants extended to 43 Beneficiaries of IDEA-Grant is estimated at ALL 25 mln, meanwhile business ideas belong to the fields of tourism, Digital Marketing/Sale, Agri-processing /food services, ICT, Craftsmenship, Agriculture, other services.
In attendance of the promotion activity of IDEA-Grant Scheme was also deputy minister of Finance and Economy, Belinda Ikonomi, who highly appreciated the support of this project to boost creation of new businesses in our country.
The second pillar of ProSEED project is focused on increase of employment through development of micro, small, medium-sized enterprises and start-ups in varied areas of economy.
By extending grants to aspiring entrepreneurs, (IDEA-Grant Scheme) will support aspiring and existing entrepreneurs in Albania based on a competitive process. The total amount budgeted for this pillar is estimated at EUR 500,000. The aim of the second pillar of the program is to provide grants with the view to providing up to 110 grants to aspiring entrepreneurs and existing businesses, including a 40% share for women and at least 20% for returnees as well as for creation of new jobs. The scheme is based on a competitive process during which entrepreneurial aspirants will apply for grants.
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