NLB Bank in cooperation with FITD strengthens the support for creative and innovative start-up businesses

The Fund for Innovation and Technological Development and NLB Bank signed a Memorandum of Cooperation, the main purpose of which is to facilitate access to finance for micro, small and medium enterprises, including start-up companies.

Namely, the Bank will provide additional financial support to the companies-applicants for co-financed grants of FITD, through various loan products, in the part of own co-financing through favorable loan lines. By signing this memorandum, the Bank and FITD will meet the needs of companies that have the potential to realize innovative business ideas, in order to develop and advance the Macedonian economy, but they lack funding.

"The belief in the success of domestic entrepreneurs is our driver to work intensively to provide better conditions and to show companies that we are partners on many levels. I think that the cooperation with NLB Bank will be a great incentive, especially for startup companies that in many cases face difficulties in securing financial resources. "We have young people with really fantastic ideas who with the benefits they will receive through the new cooperation will receive additional support for the realization of business plans," said Kosta Petrov, acting director of the Fund for Innovation and Technological Development.

In order to start the cooperation with FITD, NLB Bank expanded its offer and introduced the Innovator package which will provide a number of facilitations and benefits for start-ups, micro, small and medium enterprises, financed, co-financed or with a recommendation from the Fund for Innovation and Technology development. In addition to various loan products with favorable terms, in the new package, NLB Bank provides benefits in payment services, as well as other services and benefits in support of innovative business ideas.

"We are very pleased to announce the signing of the Memorandum of Cooperation between NLB Bank and FITD, which strengthens our support for creative and innovative start-up businesses. This cooperation aims to facilitate and simplify access to financial support for innovation and technological development, as well as to promote and encourage innovation in our country. The bank will provide specially designed loan products with a range of benefits, facilities as well as appropriate educational and mentoring support. This initiative is part of the series of activities that NLB Bank implements to support start-up businesses because we strongly believe in fresh and innovative ideas. "Entrepreneurial potential is one of the most valuable human resources, which is why they should be fully supported," said Antonio Argir, President of the Management Board at NLB Banka AD Skopje.

In the coming period, joint educational and promotional activities are planned related to the opportunities for financing domestic companies by the Bank and FITD, increasing financial literacy, in order to facilitate access to finance, facilitated business development and commercialization of innovations.

Повеќе детали за пакетот Иноватор на следниот линк