Financial literacy for SMEs

Center for Finance

Montenegro

Service ID:

EP203S2
Service description

Financial literacy training service is three-day training directed to EIC beneficiaries which will equip small and medium-sized enterprises with essential financial knowledge and skills. The course covers topics like budgeting, cash flow management, financial planning, investment strategies, and understanding financial statements. It aims to help SMEs make informed financial decisions, improve their financial health, and enhance long-term business success. Center for Finance conducted a survey on financial literacy which showed that majority of SMEs are financially illiterate, thus as a response, we have created financial literacy training for SMEs and startups. The training is delivered by experienced educators and financial experts with long-lasting experience in the banking sector. Through intensive training the participants will, improve financial decision-making skills, enhance ability to manage and plan finances effectively, increase confidence in handling financial challenges, provide participants with tolls and strategies to sustainable business growth. Experience has shown that almost all startups suffer from insufficient practices concerning their financial wellbeing and thus they need tailored training not enhance their skills and day to day practices related to financial matters.

Sector
Education and training
Financial services
Technology Readiness Level
TRL 1 – Basic principles observed
Financial requirements

The regular cost of this service is €1600 per SME and/or startup. The price is defined by CF price list and for the EIC beneficiaries we offer 25% discount.

Disclaimer related to service

The success of the service is highly dependent on the companies/startup's ability to absorb financial concepts even the service is provided with basic knowledge of the financial matters.

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Are you in doubt if this is the right service for you, or do you want to get more information about the service? Get in touch with the EIC Partner providing this service through this query form!

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Is this the service you are looking for? If so, you can apply to the service through EIC ACCESS+! Eligible applicants can also get co-funding through the EIC ACCESS+ initiative. Find out more on the project webiste.

Receive up to €60,000 in grants, covering up to 50% of the costs, to access specialised services from the EIC Service Catalogue. Learn more on the EIC ACCESS+ website.