This project proposal was prepared by the newly established micro-sized company MST Innovation Ltd. in response to the increased market demand from the availability of high-quality manufactured cast iron equipment designed for installation in industrial machinery, operating in the foundry industry, metallurgy and railway transport. The overall objective of the project proposal is starting a manufacturing process and sustainable development of MST Innovation Ltd. in 25.62 "Mechanical treatment of metal," an economic activity that is covered by the specific areas related to the overcoming of European and regional challenges. The project includes the following activities: 1. Realization of an entrepreneurial idea on the market. 2. Visualization of the project. Through the implementation of project activities, the following indicators will be achieved: 1. Number of enterprises receiving grants/benefits - 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 199.26% as compared to the received grants/benefits. 5. Reporting EBITDA for amount of 15.34 % compared to the obtained grant for a period of three years after the end of the project.
Overview
| Status | Closed (completion date) |
|---|---|
| Start date | 16 Aug, 2019 |
| End date | 16 Feb, 2021 |
| Contract date | 16 Aug, 2019 |
Programme
Beneficiary
Financial information
| Total cost | 248,797.75 |
|---|---|
| Grant | 199,038.20 |
| Self finance | 49,759.55 |
| Total paid | 182,947.17 |
| EU participation percent | 85.0% |
Location