The United Nations Development Programme (UNDP) Moldova launches a grants competition for small and medium enterprises willing to apply innovations in their businesses.

The grants competition is part of the ‘Innovative business development for local sustainable economic growth’ Project, implemented by UNDP in partnership with the Ministry of Economy of the Republic of Moldova, with the financial support of the Norwegian Ministry of Foreign Affairs and Orange.

The grants competition is eligible for micro-, small and medium enterprises founded at least two years before the application date, planning to implement innovations in their activities. The maximum grant amount is USD 8,000 or 60% of the total budget of the project, the applicant covering not less than 40% of the total value.

The deadline for submitting applications is 27 July 2015, 5pm local time; the eligibility criteria, application form and other details being available at http://inobiz.md/financial-support.