The idea is there, no money ...

Every enterprise needs cash to function. According to statistics, only 1 in 10 startups survive. Find out how you can finance a start-up business.

EU grants

EU subsidies are the most popular form of support for novice entrepreneurs. In the last 6 years, old-people applicants applied to the European Regional Development Fund (ERDF) for a total amount of over PLN 12.24 billion. Thanks to EU subsidies, almost 6,000 Polish startups received an average of 495,000. PLN for the development of your business.

An example of EU subsidies is the program 6.2. It offers 40 thousand. PLN per person or 20 thousand. PLN in the case of cooperatives. This support does not include:

• foundations,

• associations,

• commercial companies,

• activities in fishing, aquaculture, agriculture and mining.

Moreover, you cannot combine funding from two different programs - Human Capital and the Rural Development Program. It is worth emphasizing that this support is non-returnable.

Another popular method of EU funding is the JEREMIE initiative (Joint European Resources for Micro-to-Medium Enterprises). JEREMIE is a joint project of the European Commission, the European Investment Fund and the European Investment Bank. It covers the following voivodeships:

• Pomeranian Voivodeship,

• West Pomeranian,

• Lodzkie,

• Lower Silesia,

• Greater Poland.

As a rule, the support is addressed to small and medium-sized enterprises which, due to non-compliance with the requirements, cannot count on obtaining a bank loan to start their business.

 

Important! JEREMIE support requires an own contribution of at least 10% of the project value.

The JEREMIE loan has an interest rate of 8.91% per annum. The form of repayment is determined individually. The amount of support may be 10-300 thousand. zloty.

Crowdsourcing and crowdfounding

Crowdsourcing will save budding entrepreneurs time and money. It is based on the social exchange of ideas. Users discuss business solutions, share their own experiences and advise each other. In turn, crowfounding is looking for investors on the Internet. Internet users can support the presented project financially. Some investors reserve a percentage share of the startup's profits.

Social landing

A novice entrepreneur can also use a social loan. These are alternatives to the so-called parabanks. We set the terms of the loan ourselves. Through social landing sites, money is borrowed directly from interested internet users, without intermediaries.

Business angels

A business angel is a person who decides to finance a new enterprise in exchange for shares. Their help does not have to be limited only to the investment of capital. They can also help with legal, HR and business matters. The ways in which business angels operate are different. They may concern all types of enterprises.