Enterprise Development Programme

Open Target group: ambitious enterprises with the readiness to invest and desire to grow, develop and launch new products and services.

The enterprise development programme aims to support well-thought-out development, improved action planning, innovation implementation and product development. In the course of the development programme, each participating enterprise will launch new products and services that are more profitable than their predecessors.
Euroopa Regionaalarengu Fond

Total budget

73,000,000

Goal

Results


Terms and Conditions

  • Participation in the programme is open to:
    • industrial enterprises that have been operating for at least 3 years (as of date of registration) with a minimum of 8 employees and that have obtained first experiences in export or have increased their sales each year by 10% on average; these enterprises should also have:
      • clear ambitions and potential for growth,
      • ability to bring new or significantly improved products or services to the market.
    • companies in the smart specialisation field that have been operating for at least 3 years (as of date of registration) with a minimum of 8 employees and that have obtained first experiences in export or have increased their sales each year by 10% on average; these enterprises should also have:
      • clear ambitions and potential for growth,
      • ability to bring new or significantly improved products or services to the market.
  • As of the third year of the development plan and up to two financial years after the completion of the development plan, the recipient of the grant is required to:
    • increase the annual sales revenue of the enterprise 10% more than is the sales revenue of the relevant sector
    • increase added value per employee 10% more than is the average added value per employee in the relevant sector
  • Any options and resources offered for the preparation of the development plan are considered as de minimis aid awarded to the enterprise. You can check de minimis aid on the website of the Ministry of Finance.

Activities that are supported

Participation in the programme is not limited to applying for and receiving financial aid, we are also focused on determining the enterprise’s strategic views and compiling a long-term plan. We approach each enterprise individually. We can help in the implementation stage of the development plan by providing any services from our wide selection and combining them in accordance with the company’s needs.

Any participant can use the services of our personal client manager and mentor, who are knowledgeable of the company’s path , can open the necessary doors and find expert advice.

 

The enterprise development programme consists of three stages:
1. Identifying the enterprise’s ambition and readiness for change
2. Preparing the development plan
3. Implementing the development plan

The three stages of the programme have been explained in greater detail down below.


Participation

Ambitious enterprises with excellent growth prospects whose development plan has been approved by the EAS can apply for a grant to implement their development plans. But not until they complete the first stages of the application process. If you meet the aforementioned conditions, fill in our self-evaluation questionnaire and send it via email to info@eas.ee. We will get back to you within a week at the latest.


Information and support centre, +372 627 9700, info@eas.ee

For further information browse our frequently asked questions and slideshow.

Read the overview of smart specialization or learn more about the topic on the homepage of the Estonian Development Fund.


 

The enterprise development programme consists of three stages:

  • 1. stage – enterprise’s ambition and readiness for change

    In order to determine ambition and prerequisites for growth, EAS carries out a mapping of the enterprise’s current status.

    During the process of mapping it is asked what the enterprise wants to achieve, what is the will of the owners, and how clearly the managers and employees understand the objectives. Various processes of the enterprise are reviewed: production, development activities, sales, finances, staff, etc.

    At the end of the stage, the customer manager draws up a written report that gives an overview of the current situation of the enterprise. It is jointly decided whether the enterprise is ready to move on to the preparation stage of the development plan, or is it more suitable for the enterprise to participate in other EAS programmes beforehand.

  • 2. stage – preparation and development of the development plan

    An enterprise that has successfully passed the first stage will move on to the development plan preparation stage. There it is provided with necessary training and consultation concerning the preparation of the development plan. In addition assistance of a customer manager, the enterprise can also use the support of an experienced mentor. The enterprise also has the opportunity to use various sector-specific diagnostics.

    At the end of this stage, the multi-year development plan of the enterprise is drawn up, serving as a prerequisite to enter the next stage. The development plan includes the enterprise’s strategic objective, description of activities accompanied by expected results, budgets and funding sources of activities, deadlines, and logical relations between various activities.

    EAS takes the following determinants into account when deciding whether or not to approve a development plan:

    • Does the development plan grant the conviction that the enterprise will achieve the set goals?
    • Is the development plan comprehensive and complete (nothing important is missing or poorly analysed)?
    • Is the development plan realistic and practically feasible for the enterprise?
    • Have the suggestions from mapping and diagnostics been incorporated in the development plan?
    • Will the activities of the development plan enable the enterprise to reach its goals in the best possible way?
  • 3. stage – implementation of the development plan

    The enterprise implements its development plan in stages. Each stage has separate objectives and results. Before the beginning of a new stage, the success of the previous stage is assessed and the development plan is modified, if necessary. The EAS customer manager monitors the implementation of the development plan, and provide the enterprise with additional expertise or contacts and advises on current issues, if necessary.

    In order to implement the development plan, the enterprise can use the following means:

    • EAS services, for example, training, information and consultation services, support from export advisers on foreign markets, participation in foreign fairs, etc.,
    • development plan grant,
    • grants and services of the Environmental Investment Centre, KredEx, Archimedes, and other national agencies, for example:
      • energy and resource saving investment support of the Environmental Investment Centre
      • KredEx loan and guarantee products
      • applied research grant of Archimedes
    • own resources,
    • private market funding options.
  • For the most ambitious – the development plan grant

    Starting from June 13th 2016, the third phase of the Enterprise development programme is opened for grant applications. The call is opened for all small and medium size enterprises who have finalized the second phase of the development programme and have their development plan approved by Enterprise Estonia.

    • The maximum size of the grant is 500,000 euros per enterprise.
    • The support can be used:
      • to develop staff, including employing new talents,
      • to develop processes,
      • to develop sales and marketing activities,
      • to develop a new or existing product/service,
      • to purchase equipment needed for manufacturing a new product (up to 200,000 euros).
    • Small enterprises can receive a grant that makes up 45% of the project cost.
    • Medium-sized enterprises can receive a grant that makes up 35% of the project cost.
    • Large enterprises can receive a grant that makes up 25% of the project cost.
    • Evaluation methods.
    • Selection Committee of innovation and entrepreneurship projects
    • Read more about grant requirements.