More than 20 million euros are available to the Croatian private sector under the Business Development and Innovation Croatia program, the Croatian Chamber of Economy announced on Tuesday.
The program, aimed at creating added value and promoting sustainable development in innovation, the green industry and "blue growth", is financed from a Norwegian donation and is part of the European Economic Area and Norway Grants financial mechanism for 2014-2021.
The program is run by the organisation Innovation Norway, and funds are made available through open tenders as grants for partial financing of projects.
The aim is to reduce economic inequalities by financing projects that will increase the competitiveness and profitability of Croatian companies. The program will seek to stimulate and promote long-term business cooperation between Croatian and Norwegian companies. It is particularly geared towards technologically modest small and medium-sized businesses.
The main focus will be on green industry innovation (manufacturing industry) and blue growth (maritime industry and small-scale tourism).
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