ZAGREB, September 4, 2020 - An agreement granting HRK 18.3 million to the Inovativni Zadar company to build a new business incubator in Zadar's Bili Brig district was signed on Friday by the Minister of Regional Development and EU Funds, Natasa Tramisak, and the Director of the Central Finance and Contracting Agency (SAFU), Tomislav Petric.
The project is worth a total of HRK 24.5 million and its implementation will begin at the start of next year.
Noting that Zadar had fully absorbed the funds from the Integrated Territorial Investment Mechanism, Tramisak said that the purpose of this project was to boost entrepreneurship and the business climate and pave the way for the development of new companies and innovative businesses.
The Integrated Territorial Investment Mechanism is designed for implementing sustainable urban development activities and provides financial support for implementing integrated activities.
"Young people with ideas need space and we want at least some of them to become respectable business people and help the local economy," Mayor Branko Dukic said.
The existing business incubator, built in the city's Novi Bokanjac district in 2008, has been used by about 80 start-ups with about 200 employees. The new incubator will be able to accommodate about 100 workers.
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