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PHARE Part 2: Support for Small and Medium-Sized Enterprises


Introduction to Quality
The amount of support for the project ranges from EUR 1,000 to EUR 13,500, with the maximum co-financing of project costs from the program budget amounting to 50% of eligible net costs. The remaining part of the project costs must be financed from the applicant’s own funds.
Among the activities eligible for support were obtaining or renewing a management systems certificate and obtaining a certificate/conformity mark. As part of this fund, the Institute of Logistics and Warehousing offered such services as the creation of technical and construction documentation (CPF) as a Competent Body within the scope of Directive 89/336/EEC on electromagnetic compatibility – EMC, as well as the analysis of electromagnetic compatibility standards, electrical safety standards (within the scope of Directive 73/23/EEC on low voltage – LVD) and other harmonized standards and directives, determining the scope and program of testing, assistance in issuing the declaration of conformity, and consultations regarding regulations resulting from the directives.

Financing for Growth
The total amount of support granted under the Financing for Growth Support Fund cannot exceed EUR 15,000 and 50% of the net eligible costs of the project. Under the Financing for Growth Support Fund, the following activities are subject to co-financing: the emission and introduction into public or private trading of shares/bonds, obtaining financing from a venture capital fund, acquiring a strategic investor, and services related to obtaining financing from various sources (bank loan or borrowing along with other sources of financing). The first of the mentioned activities includes advisory services leading to the introduction of shares or bonds into public trading (via the Central Table of Offers – CeTO – an electronic treasury securities market in Poland (OTC share trading market) or the Warsaw Stock Exchange) and advisory services leading to the introduction of shares or bonds into a private market.
The second activity, i.e., obtaining financing from a venture capital fund, primarily involves financial statement audits performed by chartered accountants, financial advisory, legal advisory, tax advisory, and technical advisory. The third activity, i.e., acquiring a strategic investor, includes: financial statement audits performed by chartered accountants, preparation of analyses and documents related to acquiring a strategic investor, including the assessment of the financial and market situation of the enterprise, company valuation, preparation of information on the enterprise’s operations and financial situation for potential investors, identification of potential investors, negotiations with interested investors, and other necessary advisory services related to acquiring a strategic investor, up to 15% of the costs eligible for support. The last of the mentioned activities includes the preparation of the best financing strategy, identification of potential and available sources of financing, as well as the preparation of a loan application for an investment/working capital loan and at least one of the advisory services listed in points 1, 2, 3 (according to the selected second source of financing).

From Innovation to Business Path
The minimum amount of support per project is EUR 3,000 and the maximum is EUR 30,000, with
the maximum co-financing of project costs from the program budget amounting to 50% of eligible net costs. Beneficiaries will benefit from the assistance of external advisors in the field of innovative company management. Key issues will include understanding the principles of running a business in the SME sector, market assessment, strategic planning, alliances between enterprises, and searching for sources of financing. Only innovative enterprises can apply for support under the aforementioned Support Fund. Advisory services can be applied for in such areas as: understanding the principles of business operations in relation to company management, company organization, finance and accounting, human resource development, production management, marketing and sales, conducting commercial negotiations, planning, research and development, as well as: assessment of market potential, building strategy, searching for external sources of financing, searching for commercial partners (consumers or suppliers), and industrial property rights.

Access to Innovative Advisory Services
The amount of support ranges between EUR 1,500 and EUR 15,000. In this case, we are dealing with six activities: advanced services regarding automation and optimization of design and prototyping processes, qualitative change in processes and tooling resulting from the application of advanced computer modeling methods, advanced testing and diagnostic services, advanced technical and technological solutions used in prototypes and trial series, services regarding parameterization and control of the following advanced solutions used by the Applicant in the production process, services aimed at increasing productivity and quality in the Applicant’s company.