Submit your application for the expanded SME growth subsidy
Flanders Innovation & Entrepreneurship (VLAIO) has launched a new project call for ambitious SMEs. The topic 'sustainable and circular entrepreneurship' has been applied more comprehensively, which means that projects aimed at energy transition, climate transition, environment or biodiversity now also qualify for financial support.
The SME growth subsidy is meant to support companies wishing to explore new markets or wanting to launch new products in the market. Project proposals are only eligible for financial support if they tie in with certain key societal topics.
The third and final call for the SME growth subsidy of 2022 is now open. This call’s relevant topics are: internationalisation; digitisation; sustainable and circular entrepreneurship; and innovation. Small and medium-sized enterprises from all sectors can submit a project proposal in this context.
Does your project idea fit within these topics? Then you have got until Tuesday 20 December to submit your project proposal.
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 third call for the SME growth subsidy of 2022 is open from Tuesday 1 November 2022 to Tuesday 20 December 2022 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.
