TIRANA, April 2 /ATA/ In context of the information campaign for the application procedures to the Grant 2024 call, the Startup Albania Agency has stopped at 15 public and non-public universities throughout the country.
Minister of State for Entrepreneurship and Business Climate Delina Ibrahimaj said that the purpose of this campaign is to introduce the Grants scheme to master’s level students and academic staff, with the aim of promoting the commercialization of academic and scientific research.
According to her, the intensive information campaign was also developed through social networks, where over 1000 questions sent through messages and question-answer sessions posted in the story were answered on Instagram alone.
Grant 2024 winners must fulfill the three main elements that will serve to evaluate the business ideas. In the first place, the entity that applies must be profitable, which means that projects will not be supported by NGOs for social purposes. The second element is to find a specific problem in the market and provide a solution. And the third element is that it must be innovative. They should not be traditional businesses, such as agri-tourism, hotel or travel agency, but they should be businesses that bring an innovation.
This year’s call has a value of 300 million ALL and aims to support three development phases of the startup. The first category is the young men and women who have an idea, but who are not registered as a business, whose financing will be done up to a maximum of 1.5 million new ALL. In the second group are businesses that have been registered for at least a year, have submitted a pair of financial statements and have a developed prototype and need financing to develop this product and bring it to market. This category is supported up to a maximum of 4.5 million ALL.
The third category is the most consolidated businesses that have developed their prototype, but need support to commercialize it, to increase production, or to internationalize it, a category that will receive funding of up to 9 million ALL./p.s./
