Local and National Support Schemes to Start Businesses (Start-Ups) Marija Stošković Dapartment for SMEs development, Ministry of Economy REPUBLIC OF SERBIA MINISTRY OF ECONOMY

Financial and non-financial support to beginners in business

Non financial support: Traning for start ups Training for beginners in business Tranings for SMEs

1. Start up for beginners in business 2. Start up for unemployed

1. Start up for beginners in business Funds used for the purchase of equipment equipping and renovation of office space part of the funds may be used for working capital 30% grants + 70% credit of Development Fund

2. Start up for unemployed 50% grants + 50% of own funds (credit) Funds used for the purchase of equipment  Women  young people aged years  more difficult to employ persons older than 45 years  persons from 19 underdeveloped local governments from Serbia

2. Start up for unemployed Support on the local level  City of Belgrade’s Action plan for employment 2016  Funds for entrepreneurs, SMEs have the advantage, hiring the unemployed (younger than 30, older than 50, disabled etc)  Special funds for agriculture and IT sector

2. Start up for unemployed Support on the local level Other cities which have their own support program for start up:  Novi Sad – funds for starting a new business  Kragujevac – grants for SMEs, funds for ethno tourism, for employing the unemployed  Subotica – grants for acquiring new equipment  Nis – funds for trainees