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SARAJEVO, September 2 (FENA) - The World Bank, under its PowerUP: Capacity Building for Early Stage Firms in the Western Balkans program is launching a dedicated program for more than 200 companies funded by the European Union under the Western Balkans Enterprise Development & Innovation Facility (WB EDIF) and implemented with the support of the eminent consulting firm Deloitte.
'PowerUP' is a free of charge program designed for SMEs and start-ups who are looking for new ways to attract customers, adapt their business models, and who are potentially interested in the outside investment.
All selected participating companies will receive capacity building support and training package aimed at increasing their investment readiness and supporting their growth prospects and resilience to COVID-19 and similar external shocks.
The capacity building program would provide valuable know-how and focus on the topics of customers and market, financial and internal performance, branding and pitching.
The Program is aimed to last from October 2020 until February 2021.
Around 100 best-performing companies from the Program will be invited to compete in the “PowerUP Finals” in an attractive location in the Western Balkans in the month of March 2021 and showcase their business on stage to an exclusively invited group of angel investors, venture capitalists, experienced entrepreneurs, corporate and media representatives.
All companies participating in the finals would receive significant exposure and recognition, as they would be promoted in the local and regional media.
The three best pitches will win the Western Balkan Entrepreneurial Excellence Award for different categories as well as exclusive, tailor-made business advisory support by local and regional experts from the world's largest consulting firm Deloitte.
In terms of criteria for the participation in the program, the companies should be legally incorporated and registered in one of the six countries of Western Balkans (Albania, Bosnia and Herzegovina, Kosovo*, North Macedonia, Montenegro, and Serbia);
Also, the competing firms may not engage in the production of alcohol, tobacco or arms (weapons), or related industries.
The deadline for application is September 30, 2020. More information available at http://www.deloitte.com/ba/powerup.
(FENA) S. R.
