EU for Innovation believes in the power of innovation

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challenge fund

The Challenge Fund is a competitive financing facility which will be used as a means of addressing the issue of access to finance for innovative companies at an early stage of development, as well as for organisations engaged in services to innovative start-ups and promotion of the Albanian innovation system.

The fund builds on the idea that both start-ups and innovation service providers receive capacity building through various forms of technical assistance from GIZ and grants through Swedish Embassy in Tirana.

The Challenge Fund would provide funding to the most promising companies to carry them through the ‘valley of death’ and scale up their innovative businesses.

The Challenge Fund is a competitive financing facility which will be used as a means of addressing the issue of access to finance for Albanian start-ups and innovation support organizations.

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EU for Innovation aims to strengthen the innovation ecosystem and to boost start-up creation in Albania.

The project will focus in developing three distinct result areas:

• Strengthening the capacity for innovation

• Building linkages within the Albanian innovation ecosystem and internationally

• Funding innovative startups and innovation support providers

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“Industry Startup Partnership Accelerator” – our newest intervention for Albanian start-ups and companies
September, 2021

“Industry Startup Partnership Accelerator” – our newest intervention for Albanian start-ups and companies

We are proud to officially launch a new intervention: “Industry Startup Partnership Accelerator” (ISPA), a matching initiative between consolidated companies and Albanian start-ups. The first support intervention of this kind in Albania, under the ISPA mature start-ups are assisted in providing tailored tech-solutions for actors of the industry and private sector. In the first matchmaking […]

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Bees and trees – one of the winning start-ups of Challenge Fund 4th Call
September, 2021

Bees and trees – one of the winning start-ups of Challenge Fund 4th Call

You have probably heard of Bees & Trees products, but did you know that this is the first Albanian organic skincare brand with a recycling strategy for the packaging and producing – based on EU regulations for cosmetics and product safety PIF? Today we introduce another Challenge Fund winner: Rona Nushi, a pharmacist and the […]

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Ozzo – one of the winning start-ups of Challenge Fund 4th Call
September, 2021

Ozzo – one of the winning start-ups of Challenge Fund 4th Call

Today we introduce you to OZZO.al, an innovative ordering platform, the digital future in the HoReCa industry. For OZZO digitalizing the industry starts by revolutionizing the menu, introducing a digital menu, providing users on demand service by scanning the Qr-Code. Businesses love OZZO, as it enables them to configure menus in real time with versatile […]

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Tirana Inc.’s Bootcamp, the beginning of an Incubation programme
September, 2021

Tirana Inc.’s Bootcamp, the beginning of an Incubation programme

Tirana Inc.’s Bootcamp started on September 8th with such good energy coming from the 10 student-teams joining the programme. During the first day, students got to know each other and some of the mentors, as well as shared some expectations and goals of Tirana Inc. The second day of the Bootcamp was intense and very […]

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