On October 10, the Polish Agency for Enterprise Development (PARP) will launch a call for applications under FEPW 01.01 Startup platforms for new ideas, component IIa: Support for the development of startup's business activity. Startups from Eastern Polish have a chance to obtain non-refundable financial support of up to PLN 600 thousand. The initiative is addressed to companies that have successfully completed the incubation process on the FEPW Startup Platform.

The aim of the measure is to finance the development of innovative products of young companies established in Eastern Poland. Startups that have completed the incubation program on the Startup Platform under the first component of the FEPW 01.01 action can apply for funding under the call. Applicants should have an Incubation Report confirming the completion of the incubation program and including a recommendation regarding the company's readiness to undertake market activity.

Funding can be awarded to projects proposing innovative products, related to the development of business activities and assuming market entry and first sales.

The call for applications will start on October 10, 2024 and will last until January 29, 2025.

What can you get funding for?

Participation in the call for proposals is an opportunity to obtain funds that can be used to finance a very wide range of costs, including, m.in others, staff salaries, the purchase of external services related to the development of the business model, as well as the purchase of fixed assets, intangible assets, raw materials and materials for product testing and proper production.

The maximum level of project co-financing is 85% of eligible costs and can reach up to PLN 600 thousand. The total budget for this call is PLN 20 million.

Thanks to the support of the European Funds for Eastern Poland (FEPW) program, startups will have a chance for dynamic development, effective market entry and first sales. The call is a significant impulse for innovative companies that want to turn their ideas into real businesses.

After using this component, projects with key potential, requiring the involvement of additional funds for dynamic growth, will have the opportunity to obtain support for further development of operations amounting to PLN 2 million.

Source : Parp .