Prime Minister’s Office
Deputy State Secretariat for the Coordination of Structural Funds
Department for Implementation of International Cooperation Programmes
1077 Budapest, Wesselényi utca 20-22.
Financing for Micro-, Small and Medium Enterprises
Contacts
Open calls for proposals
Project Operator: Ministry for Economic Development
Project objective:
The aim is to provide access to external financing, to facilitate the technology-changing investments and the development of business processes and sales activities of micro-, small- and medium-sized enterprises operating in creative industries with high-growth potential.
Swiss support: CHF 12 million (HUF 4,974 billion)
National co-financing: CHF 2.11 million (HUF 877 million)
BRIEF DESCRIPTION OF THE PROJECT
In the framework of the scheme, a Venture Capital Fund will be established which shall be flexible enough with regard to the variety of creative activities. The Fund primarily aims at supporting investments, but in line with state aid rules, it may also use part of its capital contributions for liquidity management purposes related to the main objectives. The business model of the Venture Capital Fund will contributes to the enhancement of the profitability of the creative sector.
The final beneficiaries of the project are the micro, small and medium enterprises operating in creative industries.