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Mincetur and Promperú will co-finance up to S/ 70,000 for export projects

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The Ministry of Foreign Trade and Tourism (Mincetur) and Promperú will co-finance up to S/ 70,000 to entrepreneurs that seek to implement an export project and enter international markets, reported the aforementioned portfolio.

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To this end, it launched the second call for the Internationalization Support Program (PAI). This initiative is operated by ProInnóvate, of the Ministry of Production (Produce).

To access this non-reimbursable co-financing fund -that is, the beneficiaries do not have to return the amount received to the State- those interested have until July 11, 2022 to apply for the Export Entrepreneurship modality of the PAI. You can apply HERE

What are the requirements to participate in the PAI?

To apply for the Internationalization Support Program, applicants must meet the following requirements:

  • Being a natural person with business or a legal person that they have as minimum 18 months from the start date of activities.
  • Possess annual sales from 60 UIT to 2,300 UIT.
  • not have exports prior to application.
  • Having a product, be it a good or a service, with high export potential.
  • Have a person linked to the company with knowledge and/or experience in foreign trade activities.
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The contest includes two forms of application: the single alternative, in which the project can be submitted by a single applicant; Y the group alternative in which this can be presented by several members, not less than three nor more than five.

What expenses does the granted fund cover?

The beneficiaries will be able to cover the expenses of your export projects up to 90% of the total valuedistributed between the preparation of the Internationalization Plan (Component I) and its execution (Component II).

In the first component, the hiring of an export tutor may be co-financed; the contracting of services for the identification of commercial opportunities; brand registration in the selected market; certifications related to international trade; market research, among other expenses.

In the second component, the fund covers expenses such as hiring the export tutor and commercial manager, participation in commercial promotion activities (missions, fairs, events and others); ticket and per diem for prospecting and/or promotion for up to two people.

It also includes product adaptation advice so that the essence of the brand or product is maintained; certifications related to international trade; the adequacy of the exportable supply to biosafety requirements in the destination market; sending samples without commercial value, among others.

Source: Larepublica

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