The Ministry of Economy of Serbia said today that the EU Executive Agency for Small and Medium-sized Enterprises had published a public call for clusters and business associations within COSME programme aimed at bolstering cooperation between clusters and business associations across Europe.

COSME offers co-funding of up to 75% of project value, reads the statemented released by the Ministry.

All interested clusters and business associations may apply for this form of support until 23 May. The evaluation process will have been carried out by late July. The signature of contracts, and therefore the implementation of projects, should commence as of November.

The European Commission has allocate a total of EUR5,790,000 for all countries taking part in COSME programme. The value of individual grants ranges from EUR200,000 to EUR448,750, the statement reads.