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Grant for Start-ups, what are the criteria to apply?

2024-02-09 10:43:34Biznes SHKRUAR NGA REDAKSIA VOX

Grant for Start-ups, what are the criteria to apply?

Any individual, young person, student, Albanian citizen, foreigner or even digital nomad who has an idea and will develop it can benefit from grant support from the government, the call for which will open on February 16.

In the government's decision, it is specified that "Grant support benefits start-ups and start-up facilitators self-declared in the electronic register of start-ups and facilitators, who are equipped with the relevant passport, according to Article 11 of the law no. 25/2022, "On the support and development of start-ups", amended. Requesting entities, start-ups, can apply as an individual, natural or legal person, domestic or foreign, including digital nomads.

What criteria must the applicant meet to receive a grant?

a) To have completed the self-declaration in the electronic register of start-ups and to have been equipped with the passport of the start-up before the application;

b) Start-ups that select the current stage of development specified through the application forms:

initial stage (F1);

validation phase (F2);

growth phase (F3).

c) Start-ups in the initial, early stage, (F1) can be private, local or foreign individuals, including digital nomads, who plan to continue business operations in Albania;

ç) Start-ups in the validation phase (F2) and the growth phase (F3) must be a business legally registered in the commercial register of the Republic of Albania and not older than 6 (six) years at the time of the request;

d) To have fulfilled the payment of tax obligations at the time of the request;

dh) An applicant cannot apply more than once for the same call.

Facilitators of start-ups that meet the following criteria are supported with grants:

a) Applicants must be natural or legal persons registered in the commercial register of the Republic of Albania or in court in the case of NGOs;

b) To be owned by Albanian citizens;

c) To have carried out activities in support of start-ups during the last 2 (two) years in the territory of the Republic of Albania, certified through contracts and published reports;

ç) To have fulfilled the payment of tax obligations at the time of the request;

d) An applicant cannot apply more than once for the same call.

The projects announced as winners must be implemented within the time limit defined in the public call for support, starting from the date of signing the grant award agreement between the beneficiary and Start up Albania.

The disbursement of the grant for the projects announced as winners is made in up to 3 (three) installments after the end of the closing period of each phase of the project, against the submission of the invoice(s) of the expenses incurred and the required documentation, according to the procedures and criteria defined in the regulation "On the implementation and monitoring of the winning projects of the call for support measures".

Start-ups and facilitators are given the fund for the project in 3 (three) installments:

a) First installment: 30% (thirty percent) of the fund value immediately after signing the grant contract;

b) Second installment: 40% (forty percent) of the fund value immediately after the approval by Start up Albania of the descriptive and financial report of the first phase;

c) Third installment: 30% (thirty percent) of the fund's value after approval by Start up Albania of the final descriptive and financial report.

The deadline for sending requests for support measures and the call period cannot be less than 10 (ten) calendar days and not more than 30 (thirty) days.

Within 15 (fifteen) calendar days after the publication of the "Call for requests for support measures", by order of the minister responsible for the enterprise, the Evaluation Commission and the Complaints Commission will be established, appointing the respective chairpersons.

The Evaluation Committee aims to review and evaluate the requests from start-ups of the facilitator and consists of 5 (five) members who are representatives from the state administration bodies, the academic world, the national and international ecosystem of start-ups. The director of Start up Albania is a member of the Evaluation Committee due to his duties.

The Appeals Committee consists of 3 (three) members, who are representatives from state administration bodies, the academic world, the national and international start-up ecosystem. Members must also meet a number of criteria.

How will the request for support measure be assessed?

The requests are reviewed by the Evaluation Committee, where each of the members evaluates them based on the points assigned in the scoring forms, approved in the regulation "On the implementation and monitoring of the winning projects of the call for support measures", approved by order of the minister responsible for the enterprise. Winners are announced according to the order of points collected in relation to the total fund available.

After receiving the grant, the beneficiary entity must report to Start up Albania on the progress of the implementation, based on the conditions and deadlines defined in the grant contract, the guide for periodic progress reporting and the supporting reporting documents, which are approved by the minister responsible for entrepreneurship .

On the other hand, Start up Albania will monitor the implementation of the projects and will report on their progress to the minister responsible for entrepreneurship.


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