United Nations in Moldova launches 2nd round of the Innovation Grant Scheme (IGS – 2015) for SME

Deadline: 22 August 2015

The United Nations Development Programme (UNDP) Moldova has issued a call for concept notes for the second round of Innovation Grant scheme competition for small and medium enterprises with the following objectives:

  • to stimulate development of innovations within Moldovan SMEs, local business associations, potential entrepreneurs with innovative ideas and expansion motivation, business incubators’ graduates, by providing financing for market-oriented new or improved products, services and technologies with high commercialization potential; and
  • to pilot an innovation support mechanism as an exercise of interventions stipulated in the entire National Strategy on Innovations (2013 – 2020), providing the basis for scaling-up at Government level, and thereby providing insights, lessons learned and best practices for future governmental innovation-support programs.

The grants will cover maximum 8.000 USD or maximum sixty percent (60%) of the total project amount (what is lower) for pre-commercial innovation development projects. The project and the project budget must be designed so to be completed within 12 months.

Eligibility Information

The preferred projects applying to the IGS are the innovation projects encompassing development and other pre-commercial activities implemented by established Moldovan SME’s.

Eligible applicants to the grant scheme are:

  • The eligible Applicants are Moldovan privately owned (at least 75 percent private per the JSC Law) micro, small or medium enterprises (SME), established at least two (2) years before the date of applying.
  • The Applicant is a legal private sector, micro- or small- company, registered under the applicable Moldovan Company Law.

Application Process

The application process is organized in two stages: (a) application with a concept and (b) application with a full project.

For more information, visit this link.