Provides financial support to national and foreign startups
10 Mar 2022
On 10 March 2022, the Parliament of Albania adopted Law No. 25 “On the Support and Development of Startups”. It establishes favorable regulatory and institutional framework for the creation and development of startups, both national and foreign. Among the measures are the introduction of one-stop-shop startup services, financial grants or support measures from state budget funds, and other forms of support developed in cooperation with third parties. To be considered for grant or other financial support, the start-up project should be meeting the following objectives:
a) supporting innovation in priority areas for the development of the country;
b) supporting initiatives that have a positive environmental impact;
c) empowering young people, girls and women entrepreneurs;
d) strengthening social inclusion, diversity and social impact;
f) other priorities, according to the order of the minister responsible for enterprises.
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Type:
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Promotion and facilitation (Investment facilitation , Investment incentives)
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Industry:
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