Innovation Fund

The “Innovation Fund” grant scheme shall support MSMEs in developing their innovation concept by introducing new/improved products/services/processes, in order to increase their economic / growth potential in the domestic and international markets. Moreover, the “Innovation Fund” may act as a catalyst for other investors to recognize the potential of MSMEs in the Kosovar market.

Background

 

“Innovation Fund” is co-financed from the Ministry of Innovation and Entrepreneurship (MIE) of Republic of Kosovo and GIZ, and implemented by Innovation Center Kosovo (ICK). The Innovation Centre Kosovo (ICK) promotes and supports the development of new businesses that contribute to economic growth and job creation. Innovation Centre Kosovo (ICK) in collaboration with the GIZ project “Creating Employment through Export Promotion” (CETEP Project co-financed from MIE and GIZ) and Ministry of Innovation and Entrepreneurship (MIE) will provide financial support to SMEs through the “Innovation Fund” grant scheme. The grant award will be made in cooperation with the Management Structure “CETEP Project co-financed from MIE and GIZ” and the Steering Committee.

The GIZ project “Creating Employment through Export Promotion“ (CETEP Project co-financed from MIE and GIZ) aims to enable micro, small and medium enterprises in employment relevant sectors to make use of the potentials of international markets. The project organizes its interventions into four fields of action along the needs of the private sector in the sectors:  agriculture, ICT and manufacturing. The fields of action are: business-related information, market-oriented business services, product and process innovations, and export promotion. In terms of product and process innovation, the GIZ “CETEP Project co-financed from MIE and GIZ” shall provide financial support to MSMEs through the “Innovation Fund” grant scheme.

The “Innovation Fund” Grant Manual is intended to provide guidance, policies, procedures, and standards for the award and administration of the “Innovation Fund”. The first section of this Manual gives an overview of the “Innovation Fund“program eligability requirements, followed by a section on the application process. The next section details grants award procedures, followed by a section on grants disbursement. This is followed by sections on oversight and montioring; termination, suspension and modification of grants; and grant completion and close out.
This Manual will contain two annexes: Grant Application Template (Annex1) including the Timeline/Work plan and Budget Form; and a Grant Report Template (Annex 2).

For requests and queries please use info@ickosovo.com. All requests and queries will be accepted untill the 25th of November 2018.

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Download GRANT Manual Download Annex 1 Grant Application Template Download Annex 2 Grant Report Template

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