Processors to Receive up to 40,000 Euros for Export and Innovation Development

by Roman Cheplyk
Wednesday, June 5, 2024
2 MIN
Processors to Receive up to 40,000 Euros for Export and Innovation Development

Small and medium-sized food and processing enterprises focusing on export and/or innovation are invited to participate in the EU4Business grant program, funded by the European Union and the German government

This announcement was made by the press service of the Department of Agro-Industrial Development of the Lviv Regional State Administration, referencing the International Cooperation Program "EU4Business: Recovery, Competitiveness and Internationalization of SMEs."

Program Details:

  • Total Budget: 480,000 euros
  • Number of Enterprises Supported: 12
  • Maximum Grant Amount per Enterprise: 40,000 euros

Terms of Participation:

  • Registration Requirement: Applicants must be registered as legal entities by January 1, 2021. Individual entrepreneurs, state or communal enterprises, and public and private joint-stock companies are not eligible.
  • Business Operations: The business must be operational or have resumed economic activity at the time of application.
  • SME Criteria: The applicant must qualify as an SME (maximum 250 employees and annual income not exceeding 50 million euros).
  • Own Contribution: Applicants must provide a contribution of 20% of the grant amount.
  • Consulting Services: Participants must allocate 20% of the grant amount to consulting services.

Eligible Grant Expenditures:

  • Export Promotion: Activities aimed at increasing export capacity.
  • Research and Development: Innovation and development projects.
  • Testing and Inspections: Quality control and assurance measures.
  • Certification: Obtaining necessary certifications for products and services.
  • Intellectual Property: Registration and protection of intellectual property rights.
  • Marketing and Consulting Services: Support for business development and market expansion.
  • Equipment Purchase: Up to 50% of grant funds can be used for purchasing equipment.
  • Other Expenses: Subject to agreement.

Benefits of the Grant:

"Receiving a grant from EU4Business involves not only financial support but also access to experts and consultants. This can help in developing strategy, marketing, technological innovation, and other aspects of business management. Additional financial support will enable the implementation of innovations that improve product quality and production efficiency, opening new horizons and providing additional resources to achieve set goals," said Tetyana Hetman, Director of the Department of Agro-Industrial Development of the Lviv Regional State Administration.

This program aims to bolster the competitiveness and international presence of Ukrainian SMEs in the food and processing sectors, fostering innovation and growth in the industry.

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