It is expected that the amounts to be requested by firm size vary. Firms can apply for financial and technical assistance support for amounts between Euros 15,000 to 50,000 depending on firm size and turnover. Micro firms can apply for a maximum of Euros 30,000, and Small and Medium to a maximum of Euros 50,000. However, the allocation will be also assessed by Berytech´s business´advisors in line with the intended objectives and business plan and not only based on the firm size which cannot determine the impact of the award. In any case, all firms will need to co-finance with 10% of the awarded amount.
The financial award will cover the tailored technical assistance support that will allow the firm to implement the business plan and introduce new innovations. It is estimated that the technical assistance allocation will range from 5 to 20% of the grant but cannot be determined prior to the selection of businesses, if not to be less effective in the allocation of resources.
Winners interested in export related capacity building will be given priority admission into the World Bank Group’s export programme with an expected specific training and support starting in June 2022.