Is it mandatory to attend the entrepreneurial courses for the Start-Up Nation program?
Yes, and it is to your advantage. Entrepreneurial courses are mandatory within the Start-Up Nation program and provide you with the necessary practical foundation for ...
What happens if the conditions of the Start-Up Nation program are not met?
Compliance with all eligibility conditions and criteria in the financing contract is essential to benefit from the support in the program. ...
When do I actually receive the money from the Start-Up Nation program and in how many installments?
Non-reimbursable financial aid is granted in two installments, by the Agency for SMEs with which you signed the financing contract: The first installment is ...
Are "green" or sustainability investments mandatory in the Start-Up Nation program?
Yes. It is necessary to comply with the sustainable development criteria from the program registration form, which bring direct benefits to your business. Specifically, ...
What can I spend money on from Start-Up Nation? Are there any important ineligible expenses?
The money from Start‑Up Nation can only be used for eligible goods and services, as they are defined in the official procedure of the program (of ...
What obligations do I have after the Start-Up Nation project ends?
After you receive the Non-Refundable Financial Aid, the project enters a 3-year monitoring period, during which you must comply with a few ...
What happens if I want to change the initial expense plan in Start-Up Nation?
The approved expense plan cannot be modified (expense categories cannot be added or removed). However, it is allowed to change ...
Does the bank finance 100% of my project for Start-Up Nation?
No. The bank can finance a maximum of 50% of the value of the Non-Reimbursable Financial Aid, in the form of a bridge loan. The remaining 50% of the NRFA you will receive as ...
What guarantees are necessary for the Start-Up Nation loan?
For the bridge loan, the guarantees can be the goods purchased within the project, or a guarantee offered by FNGCIMM (National Guarantee Fund), ...
How long does the credit approval for Start-Up Nation take and how quickly do I receive the money in the account?
For the bridge loan, after you submit to the bank the complete documentation necessary for obtaining the loan, the bank can issue the approval decision and sign ...
How do I open the project account dedicated to Start-Up Nation?
The project account is opened at BT, and the procedure is very simple: If you already have a current account at BT, the bank will automatically open the project account for you ...