Race cars production by "AUTO PRO EXPERT" Ltd.

This project proposal focuses on the realization of an entrepreneurial idea by "AUTO PRO EXPERT" EOOD - production of racing cars for hill climb and rally championships. It is identified on the basis of its estimated market potential, the education and expertise of the team that will implement it and the added value of the products. The production of racing cars includes: - complete production of a new racing car - assembling of different module types - chassis, suspension, brake, motor, etc. to a completed racing car; The main market advantages of these racing cars are: use of special parts and modules designed for extreme loads and high speeds; low market price compared to racing cars produced abroad. In order to be able to realize its entrepreneurial idea, "Auto Pro Expert" Ltd. needs to hire qualified personnel - 5 people on the labor contract, who will make the production of racing cars in practice; purchase of tangible fixed assets - X pcs. different types and functionality of automotive modules, machinery and equipment; materials and consumables - tires, wheels, filters, oils, etc., as well as creating an own website. All of this will have a cumulative effect on enabling the company "Auto Pro Expert" Ltd. to produce and market quality niche products with high added value. The project investment is key to the company to overcome the challenges of providing initial funding that is critical in its start-up period and will help to launch on the market its own products for which there is growing demand on both national and international scale.

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Overview

Status Closed (completion date)
Start date 06 Jun, 2019
End date 17 Mar, 2021
Contract date 06 Jun, 2019
View in UMIS

Financial information

Total cost 220,861.56
Grant 176,689.24
Self finance 44,172.32
Total paid 173,766.02
EU participation percent 85.0%

Location