A new opportunity to receive a grant from the Challenge Fund

Business entities from Bosnia and Herzegovina and Sweden can apply for grants from the Challenge Fund for the sixth time. The public call will be open through 12 February 2021 until 16:00h.

The available fund for this call is around 420.000 EUR. The funds are intended for business entities with innovative ideas, products or services that can lead to a reduction in unemployment, increase 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 be shorter than 3 months neither longer than 6 months.

All applications received will be evaluated in accordance with the three basic criteria - innovation, feasibility and sustainability of business ideas and social benefits. In the evaluation, priority is given to the own innovations of business entities that will contribute to the development of a new product, service or process in the market, have a wider social benefit compared to the procurement of a ready-made innovative solution of a product or technology.

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 Package that you can download HERE.

In the previous 5 calls, 2.574 business entities applied for grants from the Challenge Fund. So far, 89 projects have been implemented, supported by about EUR 1,816,000 from the Challenge Fund, and another 70 projects are being implemented.

The total available Challenge Fund is about EUR 3,9 million.

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 Development Agency of the Republic of Srpska (RARS). The partner in the project is the Ostergotland region, Eastern Sweden.