Type of operation | Identification of potential joint venture projects and partners. | Operations prior to launching a joint venture. | Financing capital requirements. | Human resource development: training and management assistance. |
Beneficiaries | Chambers of commerce, professional associations, public agencies and ECIIP Financial Institutions, Individual companies may not benefit from facility 1. | Companies, either individually or jointly, local or European, wishing to undertake a joint venture investment project. | Joint ventures established by partners from EEC and from eligible countries Both partners must have a meaningful participation. Investment in local companies which operate under a licensing and technical assistance agreement with an EEC company. |
Type of finance | Grant | Interest free advance to be converted later either into a grant, a loan or equity. | Equity holding Interest free loan or equity loan The financial institution must co-finance the projects. |
Limits | Up to 50 per cent of the cost. | Up to 50 per cent of the cost. | 20 per cent of the capital of the joint venture. | Up to 50 per cent of the cost. |