Challenge Fund Launches 2nd Call for Innovative Ideas, Startups, & Organizations

TIRANA, October 10

The second call for the Challenge Fund was officially launched on Thursday, October 10. The second stage is welcoming proposals that are innovative, sustainable, and feasible. If you have an idea that meets these criteria or, you run a startup or represent an innovation support innovation organization such as a hub, accelerator, incubator, university, NGO, a private company, or entity that supports startups, you might be eligible.

Winning applications will be subject to funding based on their category. Therefore, idea stage proposals can apply for up to €7,000;
Early-stage startups (between 0 to 1 year) up to €15,000
Scale-up startup (between 1-3 years) up to €25,000
Innovation support organizations not younger than 1 year up to €100,000.
The application deadline is November 12th.
The Challenge Fund aims to boost the innovation ecosystem in Albania by encouraging and supporting startup creation through access to finance and funding.

Find out all the details on the application process HERE.

Source/Photo Credit: challengefund.euforinnovation.al