Norway allocates EUR 2 million in grant funding for Bulgarian startups
Each project can receive 85% of the value for free
If you are an innovative start-up and develop “green” products or services or offer solutions related to improving the quality of life of elderly or disabled people, you can get grant funding for your ideas from the Norwegian Financial Mechanism 2014-2021. The specific call is for “Support for start-ups”.
The first condition for applicants is that they are a micro- or small enterprise with up to 49 employees, which was registered as a legal entity in Bulgaria in the period November 18, 2017 – May 18, 2021. There are also several other conditions:
The total budget of the procedure is 2 million euros, and the project can be worth between 6 thousand and 94 thousand euros, 85% of which can be provided free of charge by the program.
The call supports projects in two priority areas:
The developments supported by the call must start from a minimum of technological readiness level 5 (TRL 5 – Technology validated in a relevant environment) and at the end of the project reach level 8 (Completed and certified system).
The partnership for the implementation of the projects is not mandatory but can be with any private or public legal entity from Bulgaria or Norway, commercial or not. A partnership with an organisation from Norway that contributes to the project’s goals brings extra points to the evaluation.
This is a business programme, therefore the projects are required to lead to an increase in the applicant’s competitiveness/economic growth and to an increase in revenue and profit, for which estimated calculations are provided.
Expenditures are eligible for:
This procedure stands out for its efficiency – the expected period for evaluating the received project proposals is only 2-3 months, and the activities on the approved projects are planned to start in March 2022 and be completed by the end of 2023.