Scheme for the Development of New Business Activity (Youth & Women Entrepreneurship Schemes)

Funding up to € 84,000!

Beneficiaries & Percentage of Funding per Age Category:

  • 18–29 Men & Women – 70% Funding
  • 30–50 Men – 60% Funding
  • 30–55 Women – 60% Funding

Eligible Applicants:

  • Unemployed or Employee
  • No more than 25% shares owned within an active business

Scheme Features:

  • Available Budget: €30 million
  • Open for submission until 30.12.2021
  • Budget ceiling per application: €10,000 – €120,000

Eligible Business Activities:

All activities, such as:

  • Processing/Manufacturing
  • Services
  • Tourism
  • E-Commerce

Excluded activities:

  • Production, Processing & Trading of Agricultural Products
  • Fisheries & Aquaculture
  • Wholesale & Retail Trade

Eligible Costs:

  • Equipment
  • Special Infrastructure
  • Buildings (Construction, Renovation, Purchase)
  • Business Promotion
  • Other costs: 7% (flat rate) of the total eligible costs including the consultant fee


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