Co-financed grants for professional development and internship for newly employed young people

Objectives

The purpose of the Instrument is to provide financial support to companies that meet the eligibility criteria of this Rulebook for professional development and practice of newly employed young people who meet the requirements of this Rulebook.

This Instrument provides support for the following types of investment activities:

Vocational training and internship for the final recipient of the Applicant’s support (including the Fast Track Management Program); and professional training and internship for the final recipient of support from the Organizer.

Through this Instrument, the Fund for Innovation and Technological Development (hereinafter: the “Fund”) provides financing up to 30% (thirty percent) of the total budget of an investment project, but not more than 1,000,000.00 denars (one million denars) per applicant.

Eligibility criterion

The eligibility criteria to be met by the final recipient of support are:

• be up to 29 years of age and have not reached 30 years of age at the time of application;
• to be employed by the Applicant for not less than 6 months at the time of application;
• to be a citizen of the Republic of Macedonia;
• if he / she was already the final recipient of support through this Instrument from another legal entity, 24 months have passed since the end of the project supported by this Instrument within which it has emerged as the final recipient of the support.