Prepare for the new SME growth subsidy call
VLAIO (Flanders Innovation & Entrepreneurship) is launching a new call for projects for ambitious SMEs on 28 August. Projects dealing with internationalisation, digitisation, sustainable and circular entrepreneurship or innovation are eligible for financial support.
The SME growth subsidy is intended to support companies that want to explore new markets or launch new products on the market. Project proposals are only eligible for financial support if they are in line with certain important social themes.
The second call for the SME growth subsidy for 2023 will open at the end of August. The relevant themes for this call are: internationalisation; digitisation; sustainable and circular entrepreneurship; and innovation. Small and medium-sized enterprises from all sectors can submit a project proposal.
Does your project idea fit within these themes? Then you can submit your project proposal from 28 August to 25 September.
Conditions
Below you can find the principal conditions for the SME growth subsidy:
- Limited to SMEs operating in Flanders;
- Intended for gaining strategic advice from an external service provider or hiring an employee with a strategic profile
- With a maximum subsidy amount of € 50,000 per growth project
In addition, you may not have received any financial support over the past 36 months within the scope of an SME growth subsidy or a digital transformation project.
Evaluation
Upon assessment of the project proposals submitted, the following 4 criteria are taken into account:
- Ambition: does the applicant have a concrete and ambitious vision?
- Transformation: does this growth project have an impact on current operations and/or critical business processes?
- Substantiated approach: does the company have a well-thought-out roadmap to realise the growth project?
- Need for know-how & expertise: could the company implement the growth project successfully without acquiring certain knowledge?
Practical information
The second SME growth subsidy call of 2022 is open from Monday 28 August 2023 to Monday 24 September 2023 at 11.59 pm. Submit your application.
Do you want to learn more about the SME growth subsidy or have any questions? Please contact VLAIO.
