Andorra Business Opens Second Round of SME Grants on Sept 23
The grants prioritise smaller enterprises amid global market shifts, offering vital aid to boost competitiveness. This builds on prior success supporting over 300 firms.
Key Points
- Targets SMEs for innovation, internationalisation, and optimisation with €180,000 total funding, up 30% from last round.
- 85% of budget for firms with ≤€350K turnover, 15% for €350K-€3M; covers up to 80% of costs, max €6,000 per grant.
- Applications close Oct 30 at 3pm; follows April round, has aided 300+ companies with €1.3M total.
Andorra Business is set to open its second round of grants on September 23, with applications closing at 3pm on October 30.
The programme targets small and medium-sized enterprises, providing support for business transformation to enhance innovation, competitiveness and positioning amid international market challenges and opportunities. Eligible services are grouped into three areas: innovation, internationalisation and business optimisation.
This year's funding totals €180,000, marking a 30% rise from the prior round. Some 85% of the budget is reserved for companies with turnover up to €350,000, and 15% for those with revenues between €350,000 and €3 million. Grants can cover up to 80% of project or service costs, with a maximum of €6,000 per award.
The initiative follows an initial call in April and continues to prioritise smaller firms, which form the core of participants. To date, Andorra Business has supported more than 300 companies through the scheme, delivering over €1.3 million in total aid.
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