Month: November 2024

Call for Startup Program for Women

As part of the project “Towards Equality: Women and Citizens in Action for More Inclusive Societies in Bosnia and Herzegovina and Eastern Europe,” the association “Women for Women International” invites all women who want to start their own business and improve their entrepreneurial skills to apply for the startup program “Strong Woman, Strong Business.”

This program aims to enhance and promote women’s entrepreneurship by providing them with the opportunity to educate themselves, receive expert and mentoring support, as well as financial support for the development of their business.

“We believe that society is strong when women are strong and empowered – economically independent,” says the association.

What does the program offer?

A unique space in Sarajevo – the “Sist’Her” Women’s Center, where participants can gather, exchange knowledge, and network with other female entrepreneurs and experts from various fields;
A three-month educational program (5 one-day training sessions and two boot camps);
Individual mentoring from trainers to further enhance business ideas;
For the best-rated business ideas – non-refundable financial support of up to 6,000 KM;
For the best-rated business ideas – mentoring support from experts in the field related to the business idea.

Who is it for?

Unemployed women who have a business idea and want to start their own business in Bosnia and Herzegovina;
Women’s associations that want to establish a social enterprise;
Employed women who want to start their own business as an additional activity or a limited liability company.
The training will take place at the “Sist’Her” Women’s Center in Sarajevo according to the agreed schedule. Travel and accommodation expenses for participants from other cities are not covered.

How to apply?

Applications are to be submitted exclusively online via this form.
The application deadline is December 27, 2024.

Application Selection

Applicants whose applications make it to the final round will be invited for selection interviews (via Zoom). The main selection criteria will be the level of leadership skills, the participant’s profile, the description of the business idea (social impact and environmental impact), motivation for participating in the program, economic sustainability, innovation of the idea, and the program’s ability to meet the participant’s expectations.

Need more information?

All interested women can get information and explore details about the program through the “Explore Entrepreneurship” info sessions, which will be continuously held at the center. The schedule for these sessions can be found on this website.

Contact person: Venesa Omerhodžić Klempić (venesa.klempic@zenezazene.ba)
Contact phone: 062 502 509

This project is supported by the French Development Agency (AFD) and the “L’Oreal” Foundation, and is implemented by the association “Women for Women International” and the French organization “Empow’Her Global.”

Support Program for Business Ideas: Social Banking for Startup Businesses

The “Mozaik” Foundation, in cooperation with other partner organizations and “Sparkasse Bank”, has launched the program “Step by Step” as a form of support for new innovative ideas and business ventures.

The program is designed for startup businesses that need support and incentives to achieve business success – including education, mentorship, and favorable credit lines.

Who is eligible to apply?

The program is intended for entrepreneurs aged 18 to 35, whose businesses have been operating for less than three years (as of the date of the credit application submission). Applications are welcome from companies registered as LLCs or craft businesses in the Federation of Bosnia and Herzegovina (FBiH), as well as independent entrepreneurs in the Republic of Srpska (RS).

The program allows applicants to apply for up to 50,000 BAM with a fixed interest rate of 4.99% and a repayment term of up to 10 years, depending on the purpose of the funds. It is important to note that the business must provide collateral – equipment being financed or equipment already owned by the business.

Additionally, expert support is provided to assess the needs and possibilities of individual business ideas.

The full text of the call can be found at this link, and all interested parties can apply via this link.

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