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Factsheet for measure SI-2018-45/2719 – measures in Slovenia

StartupPlus

StartupPlus

Country Slovenia , applies nationwide
Time period Open ended, started on 06 November 2018
Context Restructuring Support Instruments
Type Other initiatives or policies
Category Reorientation of business activities
– Change of production/Innovation
Author Maja Breznik (University of Ljubljana) and Eurofound
Measure added 23 June 2022 (updated 08 November 2022)

Background information

The startupPlus programme, run by the Slovene Enterprise Fund, brings together all the key support needed by innovative start-up enterprises for fast global growth. It offers companies funding (grants, convertible loans, equity investing) as well as an intensive mentoring programme, training, and international connections. Financial incentives are intended for enterprises in the early stage to achieve higher survival rates and faster international growth.

Content of measure

The startupPlus is designed for innovative start-up companies with a potential for faster growth in revenues and employment. It ensures various financial incentives, provided by the Slovenian Enterprise Fund, an intense educational programme and start-up mentors. The aim of the programme is to provide all the support services (finance, education, and mentoring) start-up companies need to grow on global markets. The startupPlus offers three types of financial incentives:

  1. First grants of €45,000 for 40 innovative start-ups per year;
  2. Convertible loans of €75,000 for 10 companies in the seed stage;
  3. Co-investment of capital from €100,000 to €600,000 for 5 companies per year.

The support is designed to complement the existing support environment (SPOT, SIO and other) while actively connecting the key players in the innovation ecosystem. The financial incentive gives access to education and mentoring. Grantees join one of accelerators (Accelerators: Push2start, SK Growth Camp, Podim, Prodajni pospeševalnik, Grow Digital, Startup Clinic, Hardwarestart, Health.Tech.Growth, Web3 pospeševalnik, CorpoStart, NextRound, Intl, Scaleup Grade, Teambuilding+, and Start:up Slovenia) and are included in intense education programmes adapted to their level of development.

In 2019, the Fund introduced a small value incentive scheme for SMEs. Via voucher funding, companies can easily access services that help them to strengthen their competitiveness and competencies in intellectual property, market research, quality certificates, marketing, etc. Companies can receive a maximum of €9999 per voucher for a variety of topics. The total annual support cannot surpass €30,000 per SME.

Use of measure

In 2020, the Startup initiative made available ten training programmes, a network of 150 mentors, and courses for mentors and investors. Altogether 129 companies (55 were first-time recipients) benefited from the start-up incentives or seed capital funding. The Fund provided tailor-made support for beneficiaries, adapted to their business development. The total support amounted to almost €2 million.

Target groups

Workers Businesses Citizens
Applies to all workers SMEs
Does not apply to citizens

Actors and funding

Actors Funding
National government
European Funds
National funds

Social partners

Social partners' role in designing the measure and form of involvement:

Trade unions Employers' organisations
Role Unknown Unknown
Form Not applicable Not applicable

Social partners' role in the implementation, monitoring and assessment phase:

  • Unknown
  • Main level of involvement: Unknown

Involvement

Unknown

Views and reactions

Unknown

Sources

Citation

Eurofound (2022), StartupPlus, measure SI-2018-45/2719 (measures in Slovenia), EU PolicyWatch, Dublin, https://static.eurofound.europa.eu/covid19db/cases/SI-2018-45_2719.html

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Disclaimer: This information has not been subject to the full Eurofound evaluation, editorial and publication process.