842 Applications Received for the Investment Competition in Digital and Green Transition

A public call for project proposals aimed at strengthening the competitiveness of companies through investments in digital and green transition has received 842 applications with a total value of slightly over 2.5 billion kuna, and the selection and decision on funding are planned for November this year, as reported by HAMAG-BICRO.

This is a call titled 'Strengthening the Competitiveness of Companies through Investments in Digital and Green Transition' which HAMAG-BICRO announced at the end of April, with a deadline for applications set for May 31.

The goal of this call is to strengthen competitiveness and provide assistance due to the pandemic to micro, small and medium-sized entrepreneurs in domestic and international markets, as well as to prepare for a green, digital, and resilient recovery of the economy by promoting energy-efficient and/or technologically advanced production, as well as innovative business models for the development of new competencies, increasing production and exports, preserving existing jobs, and encouraging the creation of new jobs.

The funds for this purpose, specifically the total non-repayable funds amounting to 1.14 billion kuna, are, according to HAMAG-BICRO, secured under the competitiveness and cohesion instrument of the European Regional Development Fund, with a minimum amount of non-repayable funds set at 500 thousand kuna and a maximum of 7.5 million kuna.

– The completion of the evaluation of the received applications for the public call is planned for October, with decisions on funding expected in November 2021, while the signing of contracts for the allocation of funds is anticipated in January 2022 – stated HAMAG-BICRO, thanking everyone who applied and noting that all relevant information can be found on their website, which also includes a notification about the number of applications received for this call.

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