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The Challenge – a Swedish initiative to support small enterprises in Bosnia

Bosnia and HerzegovinaPosted by Chambers of Commerce Sweden - Southeast Europe Wed, September 25, 2013 09:47:25

The Embassy of Sweden in Sarajevo is launching The Challenge – an invitation for companies to compete for financial support for their business ideas.

The purpose of the Challenge is to support the private sector in BiH by providing grants to project proposals that deliver both commercial benefits for the private sector and developmental benefits for the population in BiH, for example in terms of job creation and income improvements. Thus, the grants will give enterprises the opportunity to implement innovative and commercially viable business ventures in BiH. The fund will award grants to provide partial funding, of up to 50% of accepted proposal budgets (with a maximum grant size of EUR 30 000), to registered Bosnian and Swedish micro and small enterprises operating, or setting out to operate, in BiH. It is expected that the selected project proposals will be implemented within a 12 month period.

There will be a total of three calls for proposals during the period 2013-2015. The grants will be given for a one-year period in the normal case. In total an estimated SEK 4,5 million will be provided in grants. The first call for proposals will be in October 2013.
For more information about the selection criteria and how to apply, click here.
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