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Scheme for the Enhancement of Female Entrepreneurship
Best Practice
Promoter Information:
Name: Ministry of Energy, Commerce and Industry of the Republic of Cyprus
Email: perm.sec@meci.gov.cy
Website: https://meci.gov.cy/en/
Abstract:
The aim of the Scheme is to develop, support and encourage entrepreneurship by women between the ages of 18-55, who wish to establish an enterprise in the sectors of manufacturing, services, tourist activities and e-commerce. It thus links to the domain of social power. Emphasis is given to the development of new technologies, in the use of innovative methods of production and promotion of products and services, in the growth of business skills in the sector of environment and generally in the promotion of modern enterprising activities aiming at the creation dynamic and competitive enterprises. This scheme concerns women who had not any previous business activity in any sector, for at least a period of 6 months before the date of the submission of their proposal, are either unemployed or employees. The grant is offered as a percentage (50%) on the approved budget with a maximum amount of €70,000 Euros for the manufacturing sector, and €50,000 Euros for the other sectors. Most businesses created are in the fields of manufacturing such as bakeries, small food factories, metal factories, of e-commerce, services such as law and accounting offices, surgeries, nurseries, mechanics, and tourism such as taverns, restaurants, bars, cafes, traditional small hotels, etc. Eligible Expenditures include equipment’s buildings- decoration, training, and promotional activities. The project if co-financed by the Republic of Cyprus and the European Structural and Cohesion Funds.
Keywords:
business skills, new businesses, entrepreneurship, training, employment
Dates:
Nov. 2, 2015 - Nov. 5, 2015
Source Specificity:
Initiative/Practice/Project/Programme/Case Studies
Website:
http://www.meci.gov.cy/meci/sit/sit.nsf/32177ee11d0d6003c225816f001d4b05/cebd93d3c6ea2470c22581f300442024?OpenDocument?OpenElement
Power Domains:
Social
Methods Tools:
Funding
Country:
CY
City:
unspecified
Implementation Scale:
national
Language:
English
Other Links:
http://www.meci.gov.cy/meci/sit/sit.nsf/32177ee11d0d6003c225816f001d4b05/cebd93d3c6ea2470c22581f300442024?OpenDocument?OpenElement
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