Start-Up Fund by AIDA
The fund for supporting new enterprises “Start-Up” has been approved by DCM no. 593, dated 10.09.2014, “On the Establishment of a Fund in Support of New Enterprises, Start-Up”. This fund has set a budget of ALL 10,000,000 each year and aims to support newly established Start-Up businesses in Albania through direct financial subsidies to this business category by improving their climate and operating conditions, with the aim of creating the basis for sustainable economic development, as well as creating new jobs. The Start-Up Fund grants up to 500,000 (five hundred thousand) ALL per project, but covers only 70% of the costs involved.
The New Start-Up Support Fund is created to serve Micro and Small Enterprises that operate in:
- Production and service sectors;
- Light industry sector;
- Tourism sector;
- Research and development field;
- Agro-processing process;
- The field of design, modeling, crafts.
The Fund provides a subsidy for expenses related to activities approved on the basis of cost sharing. This implies that the grant does not finance all the expenses, but only part of it and the rest is funded by the grantee (in this case the Albanian enterprise).
For more information, see the link: http://aida.gov.al/fondi-ne-support-te-support-te-reja-start-up/