Background Maximum amount: 750 000 EUR
The Private Sector Investment Programme (PSI), formerly known as PSOM, is a subsidy programme supporting innovative investment projects in developing countries. The objectives of PSI are to stimulate financial growth, create employment opportunities and generate income. The grant is accessible for (Dutch and non- Dutch) companies wishing to make an innovative investment, in cooperation with a local business partner, in one of the PSI-countries. The project must be significantly innovative for the country in question, in terms of the type of product or service concerned, the production method or the way in which service is provided.
Eligibility
- The application must concern an investment in one of the following countries: Albania, Bosnia and Herzegovina, Kosovo or Macedonia
- Grant applications may only be made by:
1. a company established in the Netherlands and entered in the commercial register of the Dutch Chamber of Commerce and cannot be established in the country to which the application pertains
2. the company must have been in existence for at least two years.
3. At the time of submission, the applicant may have no more than one running PSI or PSOM project.
4. The applicant may not submit more than one application per tender procedure.
- The applicant must implement the project jointly with a local partner.
- The local partner must be a company established in the country where the project is to be implemented and registered with the local chamber of commerce
- government’s share in ownership in the local partner may not exceed 25%
Budget
The PSI grant amounts to 50% of the eligible costs up to a maximum of 750,000 EUR
Deadline: 26 August 2013
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