Business entities from Bosnia and Herzegovina and Sweden with innovative business ideas, products or services that can lead to increased competitiveness, reduced unemployment, and sustainable socio-economic development in BiH have a new opportunity to receive grants from the Challenge Fund within the Fourth Call for Applications innovative business ideas.

A budget of EUR 400,000 is available for potential applicants, and the deadline for submitting applications is July 1, 2024, by 4 p.m.

For potential users from the category of startups, who have been registered for at least 6 months, and at most two years, the maximum amount of the grant is provided up to EUR 10,000, while for users from the category of mature business entities with up to 250 employees, who have been in business for two years or more, the maximum amount of grant funds is up to EUR 30,000. Applicants are required to provide a minimum own participation of 50% of the total value of the proposed project. The project implementation period cannot be shorter than three months and longer than 12 months.

The possibility of applying to the public call is carried out exclusively through online application to the electronic application and evaluation system (eMSAE) located on the website, where the Guide for applicants is also available, which is an integral part of the Application Package. Applications submitted by mail (printed form), by fax or in any other way will not be considered, nor will they be subject to evaluation.

The Challenge to Change 3.0 project is a three-year project with a total value of EUR 3 million, financed by Sweden. The project is implemented by the Sarajevo Regional Development Agency SERDA in partnership with the Enterprise Development Agency EDA. The Ostergotland Region, Eastern Sweden, is also a partner in the project.