Call under EU programme for Information and Communication Technologies aimed at businesses open
I ACCESS TO FINANCE
One of the main objectives of the COSME programme is to provide enhanced access to finance for SMEs in different phases of their lifecycle: creation, expansion or business transfer. In order to achieve this objective, the European Union will mobilise loans and equity investments for SMEs, including:
– The Loan Guarantee Facility (LGF) of the COSME programme shall fund guarantees and counter-guarantees for financial intermediaries to help them provide more loan and lease finance to SMEs. This facility will also include the securitisation of SME debt-finance portfolios. It is expected that COSME will enable between 220 000 and 330 000 SMEs to obtain financing for a total value of between EUR 14 and EUR 21 billion.
– The Equity Facility for Growth (EFG) of the COSME programme will be dedicated to investments in risk-capital funds that provide venture capital and mezzanine finance to expansion and growth-stage SMEs. The Facility will help between 360 and 560 firms to receive equity investment with an overall volume invested ranging from EUR 2.6 to EUR 4 billion.
The program will provide guarantees for SMEs in amount up to EUR 150 000, which will enable easier and better access to sources of venture capital. It is expected that the COSME programme will have great impact on the economies of the countries, because every euro invested in a loan guarantee is expected to release between 20 to 30 euros of financing for SMEs.
II ACCESS TO MARKETS
The COSME programme provides support to European enterprises so that they can benefit from the EU’s single market and make the most of opportunities offered by markets outside the EU.
The COSME programme funds the Enterprise Europe Network (EEN) consisting of over 600 offices in more than 50 countries helping SMEs find business and technology partners, understand EU legislation and access EU financing.
The COSME programme also funds web tools specifically designed for enterprises development such as:
- Your Europe Business Portal - provides practical online information for entrepreneurs who want to become active in another Member State;
- SME Internationalisation Portal - puts the emphasis on support measures for companies which want to develop their business outside Europe.
The COSME programme also finances ASEAN, China and MERCOSUR Intellectual Property Rights (IPR) SME Helpdesks that offer advice and support to European SMEs facing difficulties in IPR issues.
III CREATING BETTER FRAMEWORK CONDITIONS FOR COMPETITIVENESS
COSME supports actions to improve the framework conditions in which enterprises operate, in particular SMEs, by reducing unnecessary administrative and regulatory burdens. Such actions may include measuring the impact of relevant Union law on SMEs, developing smart and business friendly regulation for them and reinforcing the use of the “Think Small First” principle for policy-making at national and regional level.
COSME supports the emergence of competitive industries with market potential, by helping SMEs to take-up new business models and integrate into new value chains. The programme complements the actions of Member States in areas with high growth potential such as the tourism sector.
COSME promotes the development of world-class clusters in the EU, fostering cluster excellence and internationalisation with an emphasis on cross-sectoral cooperation, notably in support of emerging industries. The programme also aims at accelerating the digitalisation of the business community and promoting e-skills and e-leadership.
IV ENCOURAGING ENTREPRENEURSHIP
COSME backs the implementation of the Entrepreneurship 2020 Action Plan through a wide range of activities. These include mobility exchanges, research, best practices diffusion and pilot projects in areas such as entrepreneurship education, mentoring or the development of guidance and support services for new and potential entrepreneurs, including young, women and senior entrepreneurs.
Erasmus for Young Entrepreneurs is a cross-border exchange scheme which aims to help new and aspiring entrepreneurs acquire relevant skills to run and grow a business by working with an experienced entrepreneur in another country for one to six months. It increases their know-how and fosters cross-border transfer of knowledge and experience between entrepreneurs.
COSME especially focuses on digital entrepreneurship to help European businesses drive their digital transformation and fully benefit from the unprecedented new opportunities created in the digital era, which are crucial for their competitiveness and growth.
Ministry of Economy
SECTOR FOR DEVELOPMENT OF SMALL AND MEDIUM-SIZED ENTERPRISES AND ENTREPRENEURSHIP
Kneza Miloša 20, 11000 Belgrade, Serbia
Web site: www.privreda.gov.rs
Milica Zatezalo – National Coordinator for COSME programme in the Republic of Serbia
Tel: +381 11 364 28 23
04. April 2019. - deadline for submitting project proposalsLink
11. December 2018. - deadline for submitting project proposalsLink
04. September 2018. - deadline for submitting project proposalsLink