S.L. 463.3 Art. 12Assistance for a viable business concept.

Where the Corporation is satisfied that a small start-up undertaking having a viable business concept which is in its early stage of development and that is economically viable as may be prescribed in the Guidelines, and that such a small start-up undertaking requires assistance, the Corporation may provide such an undertaking with a cash grant that shall not exceed the amount of twenty five thousand euro (€25,000) in accordance with the terms and conditions set out in the Guidelines.

Provided that for the purposes of this regulation, a ''small start-up undertaking'' shall have the meaning attributed to it in the Guidelines:

Provided also that a qualifying activity in terms of this regulation shall be an economic activity carried on or intended to be carried out by a small start-up undertaking as may be prescribed in the Guidelines: Provided further that applications for assistance under this regulation shall reach the Corporation by not later the 30th October, 2020.