"Newly established micro, small and medium-sized trade company, a start-up'', is a trade company established by one or more physical and / or legal entities, whose foundation until the moment of applying for funds from the Budget of the Republic of Macedonia has not exceeded six years.
"Innovation" is the application of a new or significantly improved product, technology, process or service, including technical specifications, components and materials, embedded software, customer orientation or other functional features, marketing method or new organizational method of operation, in the organization of employment relationship or the relationship of the legal entity with the environment.
"Product innovation" is the application of a new or significantly improved product, and is not a change of an aesthetic nature or mere sale of innovative products, manufactured and developed by another natural or legal person.
"Technology innovation" is the application of new or significantly improved technology.
"Marketing innovation" is the application of new marketing methods, including significant changes in product design, packaging, marketing and product promotion and billing.
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