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Grants for innovative ideas/From self-declaration to start-up passport, what are the criteria?

2024-02-14 13:45:47Biznes SHKRUAR NGA REDAKSIA VOX

Grants for innovative ideas/From self-declaration to start-up passport, what are

The decision is published in the official notebook where the criteria and requirements that start-ups must meet are defined. In the general criteria for benefiting from the grant, the beneficiaries will be those who are self-declared in the electronic register of start-ups and are equipped with a relevant passport.

But what do you have to fulfill to be supported with a start-up grant?

First of all, they must have completed the self-declaration in the start-up electronic register, as well as have the start-up passport before applying.

Meanwhile, the start-ups select the current stage of development specified through the application forms. In the initial phase, it can be private individuals, local or foreign, including digital nomads, who plan to continue business operations in Albania.

In the validation phase and the growth phase, the business must be legally registered in the commercial register of the Republic of Albania and not older than 6 years at the time of the request. Meanwhile, an applicant cannot apply more than once for the same call.

As for the disbursement of the grant for the projects announced as winners, up to 3 installments are made 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.

Start-ups and facilitators are allocated the fund for the project in 3 installments, where the first will be 30% of the value of the fund immediately after signing the grant contract, the second installment 40% of the value. While the last installment 30% of the value of the fund after the approval by Start Up Albania of the final descriptive and financial report.


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