Grant agreements for funding the businesses of five young entrepreneurs were signed by representatives of the City of Trebinje, the Institute for Youth Development KULT and grantees. The businesses are focused on tourism, crafts and hospitality, and will be supported with a total of 50,000 BAM.
The Public Call was issued for funding businesses of young people between the ages of 18 and 35, who are actively looking for a job and are registered with the Trebinje Office of the Republika Srpska Employment Bureau. The Call offered grants ranging from 8,000 to 12,000 BAM, and from 3,000 to 6,000 BAM for grantees registering as a commercial farm.
The City of Trebinje and the Institute for Youth Development KULT signed a Cooperation Agreement last year, forming the Entrepreneurial Fund for Youth worth 50,000 BAM, with each party providing 50% of the funds.
The Entrepreneurial Fund for Youth uses joint funds of the local self-government units and the Institute for Youth Development KULT, with the support of the Kingdom of Sweden, to support the development of entrepreneurship and employment of young people from 8 municipalities and cities. The total amount of funds in the Entrepreneurial Fund for Youth is 400,000 BAM, which will be used to support 50-100 youth-owned businesses. So far, the Fund has supported businesses in the Municipality Stari Grad Sarajevo, Municipality Jajce, Municipality Novi Travnik, Municipality Centar Sarajevo, Municipality Modriča, City of Cazin and City of Trebinje.