Promotion of Modern Financial Instruments in the Cross-border area

Acronym

FINANCIAL INSTRUMENTS
Project Number – MIS 5070964
Priority axis 1 - A Competitive and Innovative Cross-Border Area
Investment priorities 3a - Promoting entrepreneurship, in particular by facilitating the economic exploitation of new ideas and fostering the creation of new firms, including through business incubators
Intervention fields 066. Advanced support services for SMEs and groups of SMEs (including management, marketing and design services)
Call 6th CALL FOR PROJECT PROPOSALS
Lead Beneficiary Regional Development Agency of Rodopi S.A.
Beneficiaries "CLUB OF YOUNG ENTREPRENEURS - KARDZHALI" ASSOCIATION
INDUSTRIAL ASSOCIATION - SANDANSKI
SPECIAL ACCOUNT FOR RESEARCH FUNDS OF DEMOCRITUS UNIVERSITY OF THRACE
Start Date Apr 13, 2021
End Date Apr 12, 2023
Budget 433.035,00 €
ERDF Contribution 368.079,75 €
National Contribution 64.955,25 €
The proposed ‘FINANCIAL INSTRUMENTS’ project constitutes an integrated set of activities that aims to promote modern financial instruments, such as Equity Fund, etc., in the cross-border area of Greece and Bulgaria, in order to provide the possibility of getting financed by these modern financial instruments/tools, for the benefit of citizens, businesses, institutions and Chambers located in the cross-border area of Greece and Bulgaria.
The main activities / results of the proposed ‘FINANCIAL INSTRUMENTS’ project can be summarized as follows:
-  Elaboration of Diagnostic Reports and Specialized Studies
- Identification, Recording and Evaluation of all modern Financial Instruments / Funds currently available in the cross-border area
- Identification, Recording and Evaluation of all suitable existing SMEs located in the cross-border area that can apply for funding from modern financial tools
- Overall Support of SMEs in preparing Funding Applications/Proposals
- Evaluation/Appraisal of the Funding Applications/Proposals
- Information and dissemination Activities
- Networking activities, B2B activities, promotion of synergies between businesses in the cross-border area
- Exchange of experience & know-how among relevant bodies & stakeholders in the cross-border area  
- Organization of Specialized Educational Seminars & Workshops (addressed to both the general public as well as to individuals, entrepreneurs, potential investors, public bodies, NGOs, chambers, etc.)   
- 'Bringing together’ the suitable Financial Instruments/Funds with the selected SMEs and their Funding Applications/Proposals
- Maturing Activities for 3-4 Funding Applications/Proposals
- Continuous Networking of Funding Mechanisms in the cross-border area
- Day-to-day Vocational Training and Dissemination of Financial Instruments information and results.
- Promotion of a new ‘culture’ / ‘mentality’ in the cross-border area, regarding available financing opportunities.

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