FITD and Stopanska Banka AD Skopje facilitate financing of innovative companies

Facilitated access to finance for all micro, small and medium enterprises is provided through the Memorandum of Cooperation signed by the Fund for Innovation and Technological Development and Stopanska Banka AD Skopje.

The opportunities apply to beneficiaries of FITD co-financed grants, who need additional financial support, as well as to companies that have applied for one of the FITD calls and have not been approved for funding by the Fund.

“A few months ago, the essential cooperation of FITD with the banking sector was just an idea and today with the six largest banks in the country we facilitate the development path of Macedonian startups and jointly contribute to the development of the domestic economy. I believe that through the partnership of FITD with Stopanska Banka AD – Skopje, we will increase the number of new startup companies and encourage investment, with the ultimate goal to start a business in our country and be successful in world markets. The project proposals we receive in public calls show that we have great motivation to continue working intensively on the needs of the startup community and finding solutions to facilitate the placement of their ideas” said Kosta Petrov, director of the Fund for Innovation and Technological Development.

The package of the bank offers basic and purpose transaction account for making payments in the domestic payment operations, without fee for opening an account, account overdraft in mkd with a minimum commission for approval, access to E-banking and M-banking services and preferential commissions for transactions through E-banking service up to 70% lower than those over the counter but also VISA business card without fee for annual membership fee for the first year of use. Additionally, the Bank can offer loan lines, short-term and medium-term loans for working capital financing, long-term loans for financing investments with promotional conditions, as well as a dedicated advisor for business clients.

“The signing of the Memorandum of Cooperation with FITD makes us happy because we strongly believe in the entrepreneurial spirit, in the innovation of our fellow citizens and in the potential for local and global growth. Our role as a systematically important bank is precisely to be the drivers of the economy. Hence, in addition to supporting large development projects, Stopanska Banka AD – Skopje is also committed to supporting and encouraging small and medium-sized companies to fully achieve their ambitions, of course through sound financial advice and appropriately tailored products and services. Our almost 80 years of tradition, our rich experience and expertise are a way to achieve strong synergy with the plans and projects of innovators to deliver excellent end results. Therefore, we invite those interested to approach our Small Business Officers in the branches and seek practical advice and financial solution tailored to their needs. In this way, Stopanska Banka AD – Skopje remains constantly on your side”, inform from the Bank.

FITD and Stopanska Banka will organize educational and promotional activities related to the financing opportunities of domestic companies, increase financial literacy in order to facilitate access to finance, facilitate business development and commercialization of innovations.

More information about the package can be found at the following link.