Is the business plan mandatory to apply or a brief idea of the project is sufficient?
Yes, the business plan is mandatory to participate in the programme as it is an essential part of the application that intermediary organisations evaluate when accepting new entrepreneurs. The business plan does not need to be extensive but needs to contain relevant documents to demonstrate that the new entrepreneur has invested significant efforts to set up his/her company.
In which language should I provide my business plan?
Candidates are requested to submit a full business plan and a summary of the business plan. – Your full business plan is a confidential document that will only be read by the intermediary organisation of your choice assessing your application. It ...
What is a business plan and where can I find a template?
A business plan is a document that summarises the operational and financial objectives of one's business, with detailed schemes and budgets to achieve the business start-up. The Support Office does not provide a business plan template. New ...
How can I be sure of the confidential treatment of my business plan?
Intermediary organisations are responsible for the confidential treatment of business plans. If the business plan contains any information the new entrepreneur wishes to keep confidential, he may want to sign a non-disclosure agreement (NDA) or any ...
How does the selection procedure work?
The intermediary organisations, who act as local contact points, are responsible for assessing new and host entrepreneurs’ applications as well as matching potential entrepreneurs together for the exchange. Once these relationships have been accepted ...