MEDUP! Egypt

MEDUP! Egypt

MEDUP! Fund for social enterprises in Egypt
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MEDUP! Fund

Application form

*“ A social enterprise is an operator in the social economy whose main objective is to have a social impact rather than make a profit for their owners or shareholders. It operates by providing goods and services for the market in an entrepreneurial and innovative fashion and uses its profits primarily to achieve social objectives. It is managed in an open and responsible manner and, in particular, involves employees, consumers and stakeholders”.
Source: Social Business Initiative (Communication from the European Commission, Social Business Initiative, COM/2011/0682 final of 25/10/2011)

*Growth-related projects: The proposed project aims to grow or scale up the SE.
Eligible activities - examples
o Business support services (acquired from SESOs)
o Investments (machines or equipment needed to scale-up)
o Business development costs (test and/or launch new products and projects, market study for scaling-up, etc.)
o Visibility costs (brand design, promotional materials for the products and/or services)
o Redesigning the production process to become more social or environmentally friendly
o Implementing fair trade models in the supply chain
Non-eligible - examples
o Purchasing, rent or leasing of land or buildings/facilities; bank charges, cost of guarantees and similar charges;
o Costs of proposal development and feasibility study;
o Value and registration costs of intellectual property rights.

*The MedUP! Fund requires an own contribution of at minimum 35% of the project budget. This can be a cash contribution or an in-kind contribution.
The MedUP! Fund requires a cash contribution of at minimum 10% of the project budget. This cash contribution can be from the company, owners or from external sources in which case it needs to be secured as a condition to receive the grant.
In-kind contribution by the company can refer to cash-equivalent goods and services such as equipment or dedicated staff time needed for the project. The in-kind contribution must be specifically and directly related to the implementation of the project. The value of the in-kind contribution must be tangible and verifiable, based on specific supporting evidence such as contracts, invoices and others.

Details about the company

Impact and Growth

For example your main customers, your key activities and products, where your activities take place, how products and services are delivered, any other details

Financial and staff information

The information you provide about your financial performance will not be shared outside the MedUP! Project. We are asking this information to get a good understanding of the current status of your company.

Proposed project

The MedUP! Fund aims to support social enterprises to grow or scale up. For this purpose it provides grants to support projects by SEs that enable growth or scaling.

The MedUP! Fund requires an own contribution of at minimum 35% of the project budget. This can be a cash contribution or an in-kind contribution.

The MedUP! Fund requires a cash contribution of at minimum 10% of the project budget. This cash
contribution can be from the company, owners or from external sources in which case it needs to be secured as a condition to receive the grant.

In-kind contribution by the company can refer cash-equivalent goods and services such as equipment or dedicated staff time needed for the project. The in-kind contribution must be specifically and directly related to the implementation of the project. The value of the in-kind contribution must be tangible and verifiable, based on specific supporting evidence such as contracts, invoices and others.

Thank you for your interest in this program. By submitting your application you agree program staff and selection committee are able to review the information you have posted to VC4A.