The Grenada Investment Development Corporation (GIDC) invites beneficiaries who successfully completed the Entrepreneurial Training under the Enterprise Business Development component of SAEP during the period 29 January 29 to 12 March 2020, 8 June to 21 July 2020, and 17 August to 28 September 2020, to submit proposals to access the “First Push” grant financing. The aim of the grant is to enable beneficiaries to test their business ideas to determine feasibility.
Eligibility Criteria
Applicants must have:
- A viable business idea
- Attained an assessment score of 50% and above in the areas of Remedial Education, Entrepreneurial Skills Development, Grant Proposal & Record Keeping
- Displayed a spirit of entrepreneurship and commitment during the training
- Attained a Certificate of Participation
Eligible Projects
What can the grant be used for?
The grant can be used to fund the following eligible projects though not limited to:
- Prepare sample products
- Test products
- Package & label products
- Develop prototypes
- Prepare promotional materials (brochures, business cards-design & print) Purchase small equipment
- Purchase inputs for production or to offer a service
Available Grant Funding
The ceiling/maximum amounts are as follows:·
Individual: per initiative $2,688.20 EC
Group (at least 3): per initiative $6,720.50 EC
Beneficiary Contribution: 5% beneficiary contribution required in cash or in-kind.
Submission of Proposals
Completed proposals should be emailed to the GIDC at [email protected] or [email protected] on or before 20 November 2020.
For additional information, please contact the Enterprise Business Development GIDC at 444-1035/439-9492 /439-0541 or via email at [email protected] or [email protected]
GIDC
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This is quite commendable. Small grants to test the product idea.
No large grant to waste on someone as in many past grant projects.
This will help both GIDC idebtify good products and the applicant to rethink their product or strategy.
Excellent