Bahria University Incubation Center Karachi
Call for the Growth Stage Start-Up Grant (Round-II)
Category: Banner, NEWS & EVENTS, PROJECTS August 24, 2022
Call for the Growth Stage Start-Up Grant (Round-II) 500,000 Pkr
Small and Medium Enterprise Development Authority (SMEDA Karachi), in collaboration with the United Nations Development Program (UNDP) and Govt. of Pakistan, has invited applications for small business grants for “Growth Stage Start-Up” for a maximum of Rs. 500,000 to each organization/ startups on a first come, first served basis.
The Early Stage Start-Ups grant is aimed at providing financial support to the entrepreneurs to meet the capital or operating needs of their business, an official source said, adding that the interested enterprises had been requested to submit their applications. To promote and encourage the SMEs sector of the country under the National Business Development Program for Growth Stage Start-Up Grant (Round-II).” Applications up until the deadline at 11:59 pm CEST on September 06, 2022, Pakistan time.
SMEDA’s Grant Programme offers funding to the eligible SMEs to acquire machinery, equipment required for the production operation, testing apparatus/ equipment needed to conduct product, process inspection or quality testing, office equipment, including IT equipment required for carrying out the business operation. Furniture and fixtures are necessary for business operations, raw materials for production of finished goods, stocks for carrying out trading activities, prototyping/ product testing from any accredited laboratory, software licensing fees, and business-related software services.
Moreover, Women, Persons with a disability, Minorities, Applicants from less developed districts, and businesses related to Information Technology (IT), Food Processing, and Tourism sector are encouraged to apply. The application will be evaluated based on the entrepreneur’s profile, the enterprise’s shape, and the expected grant impact.