A new opportunity to receive grants

Business entities from Bosnia and Herzegovina and Sweden can apply the third time for the granting of Challenge Fund from yesterday. The public call will be open until 17 December until 24:00h.

The Fund has three million euros aimed at business entities with innovative ideas, products or services that can lead to unemployment reduction, increased competitiveness and sustainable socio-economic development in BiH.

For the potential users in the category of start-ups, registered for at least six months, the maximum grant amount of EUR 10,000 is envisaged, while users from the category of micro, small and medium-sized enterprises up to 250 employees, who perform activities for more than two years, can count on support in a maximum amount of up to 30,000 euros. Applicants must provide minimum own participation of 50% of the total value of the proposed project, whose realization can not last more than one year.

All applications received will be evaluated in accordance with the three basic criteria - innovation, feasibility and sustainability of business ideas and social benefits.

Applications to this call must be submitted electronically only on the website www.c2c.ba in accordance with the instructions in the Guidelines for Applicants. This document is an integral part of the Application Pack that you can download HERE.

The Challenge Fund was established within the Challenge to Change project, financially supported by the Swedish International Development Cooperation Agency (SIDA), and implemented by the Sarajevo Regional Development Agency "SERDA" and the Republic Agency for Development of Small and Medium Enterprises in four years. The partner in the project is the Ostergotland region, Eastern Sweden.