SMEDA NBDP opens Round II for Growth Stage Start-up Grant worth Rs500,000

The closing date for the grant is 14th November, 2022.

SMEDA NBDP opens Round II for Growth Stage Start-up Grant worth Rs500,000

SMEDA NBDP has opened Round II for Growth Stage Start-up Grant. Those businesses, who lie between 1 to 5 years of age can avail up to Rs500,000.

The closing date for the grant is 14th November, 2022, and it will provide financial support to entrepreneurs and help them meet the operating needs of their businesses.

Eligiblity

When it comes to goods, here are the eligible capital expenses:

  • Testing appartus or equipment needed to conduct product/process testing.
  • Equipment needed to carry out operations.
  • Office equipment, including ICT equipment, to carry out business operations.
  • Raw material for goods production.
  • Software licensing fee.
  • Stocks for carrying out trading activities.

When it comes to services, here is the list of eligible capital expenses for business related software or services:

  • Product testing from any accredited laboratory or prototyping.
  • Third party payments for Digital marketing.
  • Website, web store development for online presence.
  • Procurement of Customer Management Software.

In order to be eligible for the grant, the business should be:

  • Sole proprietor, firm or company, which has a valid Business NTN and CNIC, involved in commercial activity in Pakistan.
  • Business should be 1-year to 5-year-old and be operational for six months in the last one year.
  • Annual sales shouldn’t exceed Rs150 million.

Those who will apply for the grant will be evaluated on the basis of the expected grant impact, profile of the enterprise and entrepreneur.

For more information, click here. 

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