The selection of project applications under the Second Call of the EmBRACE Small Project Fund (SPF) has been completed. The fund is implemented within the Interreg VI-A IPA Croatia – Bosnia and Herzegovina – Montenegro 2021–2027 programme, and the Project Selection Committee has unanimously approved the financing of 24 small projects.
Although the initial budget for micro and small enterprises under the Second Call was 3,000,000 euros, due to a significant number of high-quality applications, the Fund for Small Projects beneficiary (HAMAG-BICRO) decided to increase the allocation to the maximum available SPF amount, which is 4,635,195.14 euros. This enabled the financing of a total of 24 small projects.
Out of 117 submitted project applications, projects worth a total of 5,352,327.00 euros were approved, of which 4,549,477.94 euros will be financed from European Union funds.
Projects on the reserve list may be financed if additional funds become available, in accordance with their ranking order. All projects on the main list include partners from all three programme countries, confirming a strong cross-border dimension of cooperation.
A total of 72 micro and small enterprises will be supported under the second call: 24 from Croatia, 24 from Bosnia and Herzegovina, and 24 from Montenegro, while companies from Montenegro will receive grants totaling approximately 1.5 million euros.
These include: Standard media doo, Simes inženjering doo, Media Solutions, 2BI doo, Fleka doo, Vakom doo, Olivmont doo, GeoJUG doo, Institute for Economy and Recreation doo, Agency for Sustainable Development AZOR Consulting d.o.o., B-ril Engineering doo, Kobra company for production, trade and services d.o.o., Apolotours DMC doo, B Solutions, Euro-transport d.o.o., Fabrica MNE, A12 Project, Progmata Technologies d.o.o., Mima Co d.o.o. for trade in goods and services, Olando d.o.o., Geotin MNE, Viamont d.o.o., Studio Mouse, and Hiron Creative Lab d.o.o. Of the 24 listed companies, eight are project leaders.
The list of approved projects and reserve list projects is available at the link.
In accordance with the decision of the Fund beneficiary, all available funds from the EmBRACE Small Project Fund (SPF) have been allocated to the financing of approved projects under the second call, and therefore the third call under the EmBRACE SPF will not be implemented.