Output 2
Improving finance opportunities
Together We Innovate!As a continuation of the challenge fund managed by Sida during phase 1, the grant scheme will target innovative (i) Micro, small- and medium-sized enterprises (MSME) / start-ups and (ii) start-ups with a prominent tech content, with the potential to go global and grow fast. It includes businesses at all stages of development (idea, validation, growth, scale-up). Next to that, GIZ will provide grants and capacity development to ISOs. Selected activities in the areas of crowdfunding, angel and equity investment complement this approach on GIZ side.
Output 2 will improve access to finance for Albanian start-ups and Innovation Support Organizations (ISOs).
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 all stages of development (idea, validation, growth and scale-up).
The vision of the Challenge Fund is boosting a vibrant innovation ecosystem by providing funding to the most promising companies to carry them through the ‘valley of death’ and scale up their innovative businesses, while looking for innovative solutions that leverage Albania know-how and create improvement and value, by introducing new ideas, methods, or products.
Funding innovation and start-up projects!
We support actors across all areas of society with their innovation projects.
Piloting new activities on investment & crowdfunding!
We push forward new approaches to improve access to funding and investment.