The goal of the Instrument is to enhance the adoption and adaptation of innovative, advanced technologies, know-how and technology processes in small and medium sized enterprises (hereinafter: “SMEs”). The aim is to improve the technological capabilities of existing industries and businesses by bridging the gap between the knowledge-stock already available globally and local industries. The instrument is expected to have sectoral impact and long-term positive contribution to increasing competitiveness.
The financing granted through this Instrument is intended to support adoption and adaptation of innovative and advanced technologies, and improvement in business processes in the Macedonian SMEs. The technology extension should be targeted towards a group of SMEs with a goal of improving their productivity and competitiveness and achieving sectorial impact
The support may be granted for two phases of the technology extension process: Phase 1 – Diagnostics and Improvement Plan; and Phase 2 – Implementation of Improvement Plan. In case of already existing Diagnostics and Improvement Plan, the applicant may apply for Phase 2 only.
Through this Instrument the Fund for Innovations and Technology Development shall provide financing of up to 50% (fifty percent) of the total budget of the project in maximum amount of EUR 500,000.00 (five hundred thousand Euros) cumulative for both phases.
The remaining amount of the total budget of the project should be provided by the Applicant. The funds received from the Fund pursuant to any other grounds or any other form of state aid shall not be acceptable as co-financing of the Applicant.
For projects consisting of only Phase 2 – Implementation of Improvement Plan, the budget and cofinancing ceilings set in paragraph 1of this Article shall apply for the entire duration of the project.
or projects consisting of Phase 1 – Diagnostics and Improvement Plan; and Phase 2 – Implementation of Improvement Plan, the budget for implementation of the Phase 1 may be fully covered by the Fund. The financial contribution of the Fund for Phase 1 may not exceed 10% of the Fund’s cofinancing allowed for the entire project i.e. may not exceed a maximum amount of EUR 50,000.00 (fifty thousand Euros). The beneficiary will be responsible for any additional expenses under the Phase 1.
For projects consisting of both phases, the funding of Phase 2 shall be conditioned on a prior approval by the Committee for Approval of Investments (herein: CAI) of the delivered Diagnostics and Improvement Plan, and the Phase 1 Implementation Report.
The co-financing by the Fund for the total budget of the project (for Phase 1 and Phase 2 cumulatively) may not exceed the co-financing ceilings set in paragraph 1of this Article.
The co-financing by the Fund intended for the implementation of the Improvement Plan must not exceed 200,000.00 Euros (two hundred thousand Euros) per individual end user (SME).
The eligibility criteria that the applicant has to fulfil are:
The eligibility criteria that the implementing team of the applicant should fulfil are:
For Phase I (if applicable):
Eligibility Criteria of Final Beneficiary(ies)
All industries are eligible for funding under this Instrument.
The final beneficiaries are SMEs to which technology extension is targeted.
The eligibility criteria for each final beneficiary are: