Promotion of Modern Financial Instruments in the Cross-border area
Acronym |
FINANCIAL INSTRUMENTS |
| Project Number – MIS | 5070964 |
| Priority axis | 1 - A Competitive and Innovative Cross-Border Area |
| Investment priorities | 3a - Promoting entrepreneurship, in particular by facilitating the economic exploitation of new ideas and fostering the creation of new firms, including through business incubators |
| Intervention fields |
066. Advanced support services for SMEs and groups of SMEs (including management, marketing and design services) |
| Call | 6th CALL FOR PROJECT PROPOSALS |
| Lead Beneficiary | Regional Development Agency of Rodopi S.A. |
| Beneficiaries |
"CLUB OF YOUNG ENTREPRENEURS - KARDZHALI" ASSOCIATION INDUSTRIAL ASSOCIATION - SANDANSKI SPECIAL ACCOUNT FOR RESEARCH FUNDS OF DEMOCRITUS UNIVERSITY OF THRACE |
| Start Date | Apr 13, 2021 |
| End Date | Oct 12, 2023 |
| Budget | 433.035,00 € |
| ERDF Contribution | 368.079,75 € |
| National Contribution | 64.955,25 € |
| Website | https://financial-instruments.eu/ |
The main activities / results of the proposed ‘FINANCIAL INSTRUMENTS’ project can be summarized as follows:
- Elaboration of Diagnostic Reports and Specialized Studies
- Identification, Recording and Evaluation of all modern Financial Instruments / Funds currently available in the cross-border area
- Identification, Recording and Evaluation of all suitable existing SMEs located in the cross-border area that can apply for funding from modern financial tools
- Overall Support of SMEs in preparing Funding Applications/Proposals
- Evaluation/Appraisal of the Funding Applications/Proposals
- Information and dissemination Activities
- Networking activities, B2B activities, promotion of synergies between businesses in the cross-border area
- Exchange of experience & know-how among relevant bodies & stakeholders in the cross-border area
- Organization of Specialized Educational Seminars & Workshops (addressed to both the general public as well as to individuals, entrepreneurs, potential investors, public bodies, NGOs, chambers, etc.)
- 'Bringing together’ the suitable Financial Instruments/Funds with the selected SMEs and their Funding Applications/Proposals
- Maturing Activities for 3-4 Funding Applications/Proposals
- Continuous Networking of Funding Mechanisms in the cross-border area
- Day-to-day Vocational Training and Dissemination of Financial Instruments information and results.
- Promotion of a new ‘culture’ / ‘mentality’ in the cross-border area, regarding available financing opportunities.