3. What are criteria for target company in order to get state aid?

The Fund’s return on investment is limited to 4% or 6% of annual compound interest if the target company meets the following criteria:

  1. The company is a micro or small enterprise as defined by the SME Law;
  2. The company is not listed on a stock exchange;
  3. The company is younger than 5 years old (the company has been incorporated and registered with the relevant registers less than 5 years ago);
  4. The company has never allocated its profits to its shareholders or members;
  5. The company was not established as a result of a merger;
  6. The company has not taken over the activities of another company.