Sustainable Development of OXY VITAL Oxygen Therapy Center

OXY VITAL Ltd. is a start-up micro enterprise in the field of oxygen-based treatment - an extremely effective, albeit poorly known non-invasive method in human healthcare. The main focus of the company are oxygen therapies for treatment of various types of diseases. In order to meet the challenges of access to finance, and high value-added services, the project proposal is oriented towards implementing activities related to the company’s sustainable development, jobs creation and stability, and achievement of growth through providing and marketing of oxygen therapies. The implementation of the entrepreneurial idea will be carried out through: • Hiring medical and technical staff - to acquire the necessary capacity to provide oxygen therapies. .• Renting premices necessary for the work of the expert staff • Purchase of equipment and specialized software to assist the work of the medical and technical staff • Purchase of consumables needed to carry out the company's business of providing oxygen therapies • Conducting a market research for the marketing of therapeutic services in area of oxygen-based treatment allowing OXY VITAL to concentrate its limited resources on the best opportunities to increase its sales and achieve a stable competitive advantage. • Creating a website to promote the activity of OXY VITAL, and to inform potential clients about the company’s services The project’s visualization activity reflecting the ERDF financial contribution through OPIC will be implemented through: • Placing a poster with project information in a well visible location; • Placing stickers on each asset purchased under the project.

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Overview

Status Closed (completion date)
Start date 22 Aug, 2019
End date 22 Feb, 2021
Contract date 22 Aug, 2019
View in UMIS

Beneficiary

Financial information

Total cost 249,955.00
Grant 199,964.00
Self finance 49,991.00
Total paid 164,975.94
EU participation percent 85.0%

Location