Delegation of the European Union to Peru

Innovation Hub: Comparative Advantage for Greater Competitiveness

20/09/2017 - 16:29
Private Sector Development

Overall objective of the project is increasing competitiveness of SMEs in Northeast, Skopje and Vardar regions.

Specific objectives are:

a) Introducing innovative approaches in business operations of SMEs

b) Improvement of innovation skills

c) Creation of innovative culture in the enterprises

d) Improvement of the cooperation between SMEs and scientificresearch institutions


Contractor's name: Foundation for small and medium enterprises development Kumanovo and Foundation for support of small and medium sized enterprises – Regional Enterprise Support Centre Veles

Beneficiary institution: Cabinet of Deputy Prime Minister in charge of economic affairs

Contract value (€): 161.550*

IPA-NCF ratio: 86%-14%

Date of signature: 19.12.2017

End date: 19.12.2019

Type of Contract: Grant Contract


* The amount indicated refers to the Contracting Authority’s contribution (IPA + national co-financing). In addition to this, the Grant Beneficiaries have to provide additional amount for financing the respective Action, forming an integral part of the total contract amount, considered as their own contribution.

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