Economic development of Podlasie voivodship through the use of financial instruments
The subject of the project is the implementation of financial instruments in the form of an equity instrument dedicated to companies in the early stage of development or start-up phase, aimed at stimulating entrepreneurship and improving the economic image of the region in accordance with the Investment Strategy of Financial Instruments adopted by the Voivodship Management Board. Implementation and financial tuition will have an impact on the creation of new innovative projects and bridge the diagonised financial gap. The IF implementation system will be based on a cascade structure, i.e. FF manager working with IZ RPOWP. The distribution of the project funds to the Subsidiary Recipients will be carried out through financial intermediaries (PF) selected by the Fund Manager (MFF). The selection of PFs will be based on open, transparent, proportionate and non-discriminatory procedures that do not allow conflicts of interest. The manager of the FF will transfer funds to the financial intermediaries to provide support to the final recipients. The project will be implemented in the Podlaskie Voivodship and is addressed to final recipients from Podlaskie voivodship. Under the Financial Instrument, at least 8 companies will receive support, totalling PLN 10 826 750 from EU funds. Including the national contribution, the amount of support foreseen under the financial instrument will amount to PLN 12 737 352.94.