This aims of the programme is to develop, support and encourage the entrepreneurship of women between the ages of 18 - 55, who wish to engage in the sectors of manufacturing and/or in specific activities in commerce, services and tourism.

This scheme concerns women who had not had any previous business activity in any sector, for a period of 12 months before the date of submission of their proposal.

Eligible candidates may participate in only one proposal and their participation must equal a percentage of 75%, at least, of the total share / corporate capital.

The basic aim of this programme, besides the strengthening of the entrepreneurial activities of women, is the creation of new modern viable enterprises, the development of innovative projects, new technologies and new products, tourism, as well as the support of services that enhance quality.

The maximum percentage of the government grant is 50% of the approved budget, with a maximum amount of CYP £25.000 involving the manufacturing sector and £15.000 the other sectors.

The programme is applied on a yearly basis and proposals must be submitted within a specified period of time, which is announced, by the Ministry of Commerce, Industry and Tourism.

E-mail: womens.coop.bank@cytanet.com.cy

President : Artemis Toumazi
Tel. 00357 24 818000
Fax. 0357 24 818003