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First round of tenders invited for SME projects

VARAZDIN, April 13 (Hina) - The Ministry of Enterprise on Friday launched the first round of tenders for eight projects as part of its Business Impulse 2012 programme aimed at stimulating small and medium-sized businesses, Enterprise Minister Gordan Maras announced during a visit to the northwestern city of Varazdin on Friday, adding that tenders for another 16 projects would be invited within the next two weeks.

During the first round of tenders, the ministry will award grants for the development and application of innovations, standardisation and quality marks, education and life-long learning, to women entrepreneurs, small business beginners, and young people. The tenders will be open until May 14, with grants ranging from 50,000 to 700,000 kuna per project.

Maras said that 60 per cent of the money would be granted on selection of projects and the rest upon completion. He said that all 24 projects should be executed within the next four months.

"Our goal is that within the next three years the funds invested in the economy, in small and medium enterprises, are returned to society through increased employment, new investment or increased economic activity," the minister said.

The budget of the Business Impulse programme is 376 million kuna.

(EUR 1 = HRK 7.47)

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