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Startup Grant

The purpose of the grant is to promote sustainable revenue growth and job creation for startups, focusing on companies with growth potential.

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Agency	EIS
Region	EU
Country	EE
Legal form	Company
Start date	4 Apr 2024
End date	31 Aug 2029
Max funding	20,000 EUR
Budget	5,000,000 EUR
Coverage	80%

Grant application conditions

Applicant Type	Startup (a company up to 3 years old)
Legal Form	Private Limited Company (OÜ), Public Limited Company (AS)
Geographic Restriction	Estonia
Maximum Company Age in Months	36
Maximum Employee Count	9
Maximum Annual Revenue	The company's turnover for the previous financial year must not exceed 40,000 euros.
Ownership Restriction	The shareholding of legal entities in the company must not exceed 25%.
Competition Restriction	Shareholders must not have owned or currently own shares in another company operating in the same field within 12 months prior to the application. Management members must not have owned or currently own shares in another company operating in the same field or have been part of the management of such a company within 12 months prior to the application.
De Minimis Aid Limit	The company must not have received more than 300,000 euros in de minimis aid over the past three years.
Documentation	https://eis.ee/toetused/starditoetus/

Evaluation criteria

Business exclusions

Agriculture, forestry, and fishing (EMTAK 2008 Section A)

Brokerage, wholesale, and retail trade (EMTAK 2008 Section G), except vehicle and motorcycle maintenance and repair

Real estate activities (EMTAK 2008 Section L)

Tobacco product manufacturing (EMTAK 2008 Section C 120)

Gambling and betting activities (EMTAK 2008 Section R 920)

Financial and insurance activities (EMTAK 2008 Section K)

Legal and accounting activities (EMTAK 2008 Section M 69)

Head office activities and management consulting (EMTAK 2008 Section M 70)

Advertising (including digital advertising) and market research (EMTAK 2008 Section M 73)

Rental and temporary staffing activities (EMTAK 2008 Sections N 77 and N 782)

Office administration, office support, and other business support services (EMTAK 2008 Section N 82)

Other education (EMTAK 2008 Section P 855)

Various healthcare services (86909), except for physiotherapy, psychoanalysis, psychology, psychotherapy, speech therapy, diet counseling, weight management, and occupational therapy

Coal and lignite mining (EMTAK 2008 Section B 05)

Oil and gas extraction and related activities (EMTAK 2008 Sections B 06 and B 091)

Coke and refined petroleum product manufacturing (EMTAK 2008 Section C 19)

Reporting

Interim report must be submitted within four months after the approval of the application. The interim report must prove the creation of one full-time equivalent job within three months after the decision. After approval, the first part of the grant (15,000 EUR) will be disbursed. If the job is not created, the payment will not be made.

Final report must be submitted within 30 days after the end of the project's eligibility period. The final report must prove the retention of the created job, payment of at least the minimum wage, achievement of growth potential, and revenue generation in the second year of the project. After approval, the second part of the grant (5,000 EUR) will be disbursed. If the conditions are not met, the first installment will be reclaimed, and the second installment will not be paid.

Consequences of non-compliance: Reclaim of the first installment and refusal to pay the second installment if the job is not created or retained, minimum wage is not paid, or growth potential is not achieved.

Application requirements