| Mohamad Saleh / President | |||
| Name of responsible organization: South BIC | |||
| Website: N/A | |||
| NATIONAL OR LOCAL | N/L | ||
| Starting year | 2008 | End year | Till date |
| Short description 1- Incubation service: after its launching and until date, the South BIC provides growing and tailored entrepreneurship throughout the South. The focus is to promote the entrepreneurship spirit among the youths in the region. Accordingly, intensive awareness raising sessions of entrepreneurship as a concept and of South BIC as a facilitator in the South are planned. As a result of the sessions more than 1000 youth were targeted in cooperation with Universities, youth clubs, NGOs, etc. South BIC also conducts around training events on entrepreneurship and business planning, for an average of 3 days per training. South BIC also enhances competitiveness of existing MSMES in the region through business advice and mentoring activities for companies. The incubation facility is opened for start ups and existing SME’s that can afford the rent. 2- Grant: implementing programme for supporting the establishgment of new busuiness entities or the development of existng SME. Grants are awarded for potential grantees according to launched call for proposals or organized competition events. |
What kind of activity does this measure finance?
| Creation of new businesses | Yes |
| Strengthening of existing businesses | Yes |
| Specific investments – specify type (i.e. innovation, research, environmental transition, hiring, internationalization, purchase of goods) | Yes/innovation,hiring |
| Training activities | Yes/No |
| Other (specify) | Yes/No |
What type of financing is it?
| Low-interest loan (indicate the repayment time and, if present, the requirement for collateral) | Yes/No If Yes, repayment time (years): If Yes, requirement for collateral: |
| Non-repayable grant (indicate the percentage of non-repayable fund) | Yes If Yes, percentage of non-repayable fund: 100% of eligible expenditures |
| Tax credit | Yes/No |
| Other (specify) | Yes/No |
How does the activation of the measure work?
| One-stop means | |
| Call with closing date | √ |
Financial entity of the measure (indicate the resources allocated)
| Overall amount | 10000K EUR |
| % facilitation for each recipient | 70% prefinancing |
| Minimum amount that can be financed | 10000 |
| Maximum amount that can be financed | 10000 |
| Origin of financial resources (European, State, Regional authority, Municipal authority, other) | EU |
Type of funded social structure (indicate if belonging to a specific category is required in order, to access the measure)
| Female | Over 50 | Unemployed (specify any type) | Disadvantaged groups (specify type) | Youth (specify age range) | Other (specify) | |
| Individual | Literate | All type | 24- 35 | |||
| Company |
Does the measure provide for accompaniment and training or only financial support?
| Financial support + accompaniment/training | √ |
| Only Financial support |
Is the measure considered a good practice and as such replicable in other national and / or international contexts?
| YES | √ |
| NO |
How many initiatives have been financed in the last 3 years and for what economic amount?
| Number of initiatives: | Total economic amount: |
