Western Balkan Enterprise

Western Balkan Enterprise

Development and Innovation Facility

Development and Innovation Facility

An innovative initiative, founded by the EU, to benefit
small and medium sized enterprises in the Western Balkans
An innovative initiative, founded by the EU, to benefit
small and medium sized enterprises in the Western Balkans

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WB EDIF's Success Stories

WB EDIF is about business ideas, it's about people.
Read more about our stories here

The WB EDIF Platform Advisory Group (PAG)

The PAG convenes at least twice per calendar year in order to discuss
relevant key matters of the WBEDIF, to give strategic direction and to decide on certain
matters in relation to the management of the WBEDIF.

Western Balkan
Enterprise

An innovative initiative, founded
by the EU, to benefit small and medium
sized enterprises in the Western Balkans

Read more

The WB EDIF
Platform
Advisory Group
(PAG)

The PAG convenes at least twice
per calendar year in order
to discussrelevant key
matters of the WBEDIF,
to give strategic direction0
and to decide on certain matters
in relation to the
management of the WBEDIF.

I'm an entrepreneur

WB EDIF supports small and medium-sized companies in their efforts to start up or expand their business.

Discover support for entrepreneurs

I'm a financial intermediary...

Support WB EDIF in to boosting SME development in the Western Balkans by becoming financial intermediary.

Work with WB EDIF

I'm a policy maker...

Discover WB EDIF's influence on the Western Balkans region and means of supporting your country.

Discover support for governments
715m €
available since inception
4 022
SMEs supported
78 032
jobs supported

News & Events

NEWS

Official launch of the PowerUP program

On 12 November 2020 the World Bank, European Union, Western Balkans Enterprise Development and Innovation Facility, and Deloitte officially launched PowerUP program – Capacity Building for Early Stage Firms in the Western Balkans.

The program is designed for SMEs and start-ups and it aims to boost their business growth and strengthen resilience to the COVID-19 pandemic. Out of several hundred applications, 250 innovative companies with bold ideas and great potential to grow and thrive were selected to continue their journey in the PowerUP program.  During the online Launch event, participating companies had the opportunity to learn more about the next steps of the program and meet the program organizers and implementers.

Over 400 firms applied for the PowerUP program.  More than 40% of the applicants had to be turned away, but organizers hope to be able to reach out to those firms for future support. We congratulate the selected 37 firms from Albania, 79 firms from Bosnia and Herzegovina, 23 firms from Kosovo, 21 firms from Montenegro, 31 firms from North Macedonia, and 58 firms from Serbia. Our colleagues at Deloitte Consulting will deliver tailored workshops and mentoring sessions over the course of the next few months.

EVENT

BESME webinar for Small Business Financing

The webinar – Small Business Financing – was held on 27 October 2020, and presented available financing tools for entrepreneurs and SMEs in Montenegro.  This event increased the visibility of the SME financing schemes supported by the EU that are available in Montenegro and it provided advice on SMEs’ access to finance.

Speakers included the European Investment Fund, Investment and Development Fund, South Central Ventures, and more.

Please click here to find out more information.

The webinar was implemented by Expertise France, Bpifrance and Business France and supported by WB EDIF in coordination with the EU, Montenegro Ministry of Economy, Investiciono-razvojni fond Crne Gore A.D., EIF, CKBbanka and South Central Ventures.

 

NEWS

WB EDIF PAG held virtually on 10 June 2020

The “WB EDIF PAG” took place virtually as a session of the WBIF Steering Committee, hosted by the Federal Ministry of Finance of Austria. The PAG discussed the impact of the COVID-19 pandemic from a regional perspective, and the response package launched by the EU institutions and IFIs in the frame of the “Team Europe” global support to WB6 economies fighting the pandemic. In particular, the top-ups of the WBEDIF Guarantee Facility II and of the Regional Competitiveness Programme were presented and approved as part of the wider package.

NEWS

WB EDIF PAG and WBIF Steering Committee held in London, 16-17 December

The “WB EDIF PAG” took place in London, in the framework of the WBIF Steering Committee, hosted by the EBRD. The first day of the meeting was dedicated to policy and strategic discussions, followed by infrastructure and private sector session (EDIF PAG) on day two. The PAG approved the WBIF 2.0 Recommendations, including the main aspects of EDIF integration under the WBIF umbrella and discussed various topics, such as financing needs through diversification of financial systems and updates on the financial and support services pillars under EDIF. In addition, two new funding proposals were endorsed. On the margins of the meeting, the European Commission and the EBRD signed the agreement to support the Advice for Small Businesses Programme in the Western Balkans (EUR 15million).

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WB EDIF Partners

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