Program Description

The aim of the competition is to assist business entrepreneurs aged over 45 in the development of a unique idea/project/venture/technology as a business with a commercial and profitable potential.

Applicants are invited to submit proposals in respect of ventures, applied research, ideas for products, products in initial stages having an innovative business potential. The purpose of the competition is to assist men/women of over 45 who in modern society, through no fault of their own have dropped out of the labor market and find it difficult to achieve professional stability despite their educational qualifications, vast experience, skills and the know-how they have accumulated.

The competition provides an initial support framework for the preparation of a business plan for projects with commercial potential, as well as initial funding to the winner to be used for financing part of the business plan.