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EU4Business offers grants of €5,000 to support microbusinesses

In Ukraine, the microgrant program is actively developing, aiming to support small and medium-sized enterprises (SMEs), which contributes to the development of local economies and stimulates entrepreneurial activity. A crucial role in this initiative is played by EU4Business, a platform that provides information about funding opportunities for businesses.

What are microgrants?

Microgrants are small financial subsidies provided to businesses to implement projects that promote entrepreneurship, improve infrastructure, or create new jobs. They are typically intended to support startups, small businesses, and social enterprises.

How does the program work?

The EU4Business website provides information about available microgrants, the conditions for receiving them, and the application process. The main stages of obtaining a grant include:

  1. Familiarization with program conditions: Before applying, it is important to familiarize yourself with the requirements and selection criteria.
  2. Preparing the application: Prepare all necessary documents and a business plan. Include details of the project you plan to implement and how it will contribute to the development of your business or community.
  3. Submitting the application: Fill out the online form on the website and attach all necessary documents.
  4. Review and selection: Your application will be reviewed by the relevant committee. The decision will be sent to your email.
  5. Receiving funding: If the decision is positive, you will receive funds according to the program conditions.

Who can apply?

Applications for microgrants can be submitted by:

  • Small and medium-sized businesses.
  • Startups.
  • Social enterprises.
  • Non-profit organizations implementing socially significant projects.

Why is it important?

Microgrants help entrepreneurs realize innovative ideas, expand their business, and create new employment opportunities. This is especially important for the development of small towns and villages, where such subsidies can significantly alter the economic situation.

The microgrant program is a vital tool for supporting businesses and developing local economies. The EU4Business program provides access to necessary information and resources for those who wish to take advantage of this opportunity.

We have already mentioned that a course on open data will be taught at four universities in Ukraine.

Юлія Ревака
Юлія Ревака
Editor | Over 10 years of experience in the humanitarian field. Since 2022, worked as an editor at TochkaFan. Since June 2024, editor at HMH.

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