Short Description/Objective

The Scheme aims to develop, support and promote entrepreneurship among young people aged 18-29, males aged 30-50 and females aged 30-55, that wish to create a business, by leveraging their knowledge, experience, training and talents.

The Scheme subsidises costs, such as equipment, special facilities, construction, purchase and/or renovation/design of spaces, visibility-promotion.

Planning of Calls

The available budget of the Scheme (€50 mil.) is planned to be launched through two Calls for Proposals.
The first Call (€30 mil.) was launched during the period May 2021-December 2021, while the second one (€20 mil.) was launched during the period June 2024-July 2024.

Expected Benefits/Outcomes

The Scheme is expected to bring:

• Acceleration of economic activity, through the development of new business activity (800 new enterprises are estimated to be created) based on knowledge, technological upgrade and innovation, enhancing in this way the competitiveness of all enterprises in the country
• Creation of more than 1 600 new jobs.