Based on article 25 paragraph 4 of the Law on Innovation Activity (Official Gazette of the Republic of Macedonia no. 79/13, 137/13, 41/14, 44/15, 6/16, 53/16, 190/16 and 64/18) Access instrument management rule of Fund for Innovation and Technological Development on 25.12.2019 Announces a Public Call for proposals for a research project under the Instrument for Co-Financed grants for newly established enterprise ”Start-up ” and ”Spin-off”
The instrument is aimed at encouraging the innovation level in newly established enterprises by providing the necessary financial support for research and development activities. The grant is expected to encourage a culture of risk taking and innovation, to provide support for the enterprises that aim to develop new or improved product, process, and/or service.
The instrument supports projects that are in the phase of proof-of-concept, up to the close-to- market phase.
The instrument is intended for financing of newly established micro, small and medium sized start-up enterprises registered in the Republic of Macedonia aiming to encourage innovation, to implement innovative solutions and support enterprises with high growth potential, as well as to transfer the results of scientific research into applicative i.e. commercial activities by establishing spin-off enterprises.
The goal is to encourage innovation in companies, implement innovative solutions and support companies that have high growth potential, as well as transfer the results of scientific research into applied, ie commercial activities through the formation of spin-off companies.
Under this instrument the Fund for Innovations and Technology Development (hereinafter referred to as: the Fund) shall provide financing of up to 85% (eighty-five percent) of the total project budget, in a maximum amount of 30,000.00 (thirty thousand) EUR. The remaining amount of the project budget shall be provided by the Applicant. (Funds received from the Fund on any other grounds or any other form of state aid shall not be eligible as co-financing by the Applicant).
Eligible for funding under this instrument are applicants who fulfill the following criteria:
Eligible activities for financing under this instrument are the following
Only costs incurred for activities carried out during the project’s duration and which are in accordance with the approved project budget and rules and procedures of the Fund, are eligible for financing.
The main criteria for evaluation of the projects and awarding funds under this instrument are:
The main criteria and sub-criteria for evaluation of the projects are given in the Evaluation Table form.
The duration of the project for which funds are awarded under this instrument can be up to 12 (twelve) months.
Based on justified circumstances, the Beneficiary can request extension of the duration of the project by submitting an elaborated written request stating the reasons for extension. The request shall be submitted before the expiration of the duration of the project.
For financing projects under this call for this instrument is provided a total amount of 1,500,000 (one million and five hundred thousand) euros in denar counter value.
In order to apply, the competitor shall:
The rest of the documentation should be submitted only in Macedonian language.
Due to the increased interest, especially from students and young people from all over the country, the deadline for applying for the public call for co-financed grants for start-ups and spin-off companies has been extended by twenty days, ie until March 15, 2020 ( Until 23:59).
All information and documentation related to the call can be found at the following link: www.fitr.mk and Rulebook for the Support Instrument – Co-financed Grants for Newly Established Enterprises: Startup and Spin-off.
Call us on the telephone number: 02 3145 258
visit us at the Fund’s office, address: GTC, local 6, unit 220, Skopje, R. of North Macedonia