Micro, small and medium-sized enterprises and entrepreneurs in Bosnia and Herzegovina have the opportunity to apply for grants available within the Call for Proposals for Partnerships in the Export-Oriented Sectors, thanks to the ‘EU4Business’ project.
The fund worth a total of EUR three million is available via grants for projects that foster innovation, business cooperation, digitalization and business environment.
“Although MSMEs are prevalent in the economy of Bosnia and Herzegovina, big companies are more successful exporters. Exports of SMEs have potential for growth, so by supporting Bosnia and Herzegovina’s exports in competitive sectors, we are strengthening the role of SMEs and local producers and their competitiveness. Most importantly, this support will allow for creation of new jobs”, said Nicolas Bizel, Head of Operations Section I (Justice and Home Affairs, Public Administration Reform) with the EU Delegation to BiH.
Representative of German Development Agency GIZ and ‘EU4Business’ project manager Nils Wetzel said that this project supported agricultural and food sectors, tourist sector, export-oriented businesses, and it also aimed at supporting development of entrepreneurship.
Partnerships consisting of three or more partners, out of which at least one should be from the private sector, are eligible to apply for grants, which range from EUR 100,000 to EUR 300,000 per project.
A total of EUR 10 million, available in grants via ‘EU4Business’ project, are devoted to strengthening of growth and employment in Bosnia and Herzegovina through the development of competitiveness and innovation in selected sectors.
The project is worth EUR 16.1 million, and is jointly funded by the European Union and the Federal Republic of Germany. The project is jointly implemented by GIZ, International Labor Organization and the United Nations Development Program, between April 2018 and March 2022.