Implementation of entrepreneurial idea of enterprise TOOLING PRO LTD

This project proposal was prepared by the newly established company "TULING PRO" Ltd. in response to the increased market demand for a high-quality manufactured tool equipment designed for installation in industrial machinery, operating in the foundry industry, metallurgy and railway transport. The overall objective of the project proposal is the sustainable development of the new economic entity for manufacturing of tool equipment, an economic activity covered by the specific areas related to the overcoming of European and regional challenges. The project includes the following activities: 1. Market realization of an entrepreneurial idea 2. Visualization of the project. Through the implementation of project activities, the following indicators will be achieved: 1. Number of enterprises receiving grants - 1. 2. Number of new supported enterprises - 1. 3. Employment growth in supported enterprises - 4 new employees. 4. Implementation of net sales revenue for a period of three years after the end of the project up to 330.81% as compared to the received grants/benefits. 5. Reporting EBITDA for amount of 17.90.% compared to the obtained grant for a period of three years after the end of the project.

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Overview

Status Closed (completion date)
Start date 16 Aug, 2019
End date 16 Feb, 2021
Contract date 16 Aug, 2019
View in UMIS

Beneficiary

Financial information

Total cost 249,391.15
Grant 199,512.92
Self finance 49,878.23
Total paid 175,911.27
EU participation percent 85.0%

Location