The deadline for electronic submission is 14 June 2016 at 17.00 hours (Brussels time). The submission process must be completed by that time.
Any application submitted after the deadline will not be admissible. The IT submission system will automatically verify the exact hour of submission.
The objective of this Call for Proposals is to create and fund a "European Network for Early Warning and for Support to Enterprises and Second Starters" which will be in charge of conceptualising, organising the development and implementing support services for companies and company-owners in difficulties and honest bankrupt entrepreneurs vying for a second start.
Early warning, prevention and crisis support are crucial since they can avert the bankruptcy process or mitigate the effects of a crisis. An early recognition of financial problems can help viable companies to overcome a crisis, restore viability through early restructuring, when problems are still small, and help the company to get a new course of growth. Equally, expert support can help to close down non-viable enterprises more quickly and in a more effective way and to minimise closure-related negative consequences to the entrepreneur, employees and creditors, and preserve as much as possible from an insolvent company with a view onto a new start. Based on the experience of existing support services for companies in EU Member States, the European Network for Early Warning and for Support to Enterprises and Second Starters should provide for the building and the roll-out of an effective support system to the Member States where such systems do not exist or are only partly covered. Evidence shows that saving viable companies could be also a cost effective exercise in terms of lost taxes and saved unemployment payments.
This initiative supports the COSME specific objective related to the promotion of entrepreneurship and entrepreneurial culture and is in line with the Commission's flagship initiatives on Single Market Strategy and Capital Market Union.
The initiative will focus on the establishment of a European Network that will provide early warning, prevention and quality support services to companies in difficulty in countries in which such systems do not exist or are only partly covered.
The deadline for electronic submission is 14 June 2016 17.00 hours (Brussels time).
The electronic submission reference for this call will be COS-EarlyWarningEU-2016-4-01.
Please click and access the Participant Portal to draft and submit proposals.
For full details, please consult the text of the call available below.
Applicants must set up a consortium with a designated coordinator.
The consortium must be composed of at least 7 eligible entities from at least 7 different COSME Participating Countries. Information regarding 3rd countries' participation in COSME is available on the DG GROW website.
It must involve at least one (1) public authority (on national, regional or local level) dealing with SMEs or Entrepreneurship issues and at least three (3) SME Associations or Chambers of Commerce and Industry (on local, national, regional, European or international level).
Detailed eligibility criteria are laid out in Section 6 of the call.
EASME is available to answer questions relating to the content of the present call for proposals.
All questions must be sent by e-mail to:email@example.com
Answers to questions received will be published at regular intervals. Before sending queries to the EASME, please read carefully the FAQs document.
For more details please consult regularly the COSME webpage.