Croatian Agency for SMEs, Innovations and Investments (HAMAG-BICRO)


Croatian Agency for SMEs, Innovations and Investments (HAMAG-BICRO) was founded in 1994 by the Republic of Croatia with the aim of supporting the development of small and medium-sized enterprises, improving the innovation process and encouraging investments.

During the 20 years of operation, HAMAG-BICRO has been consistently committed to growth and development of SMEs and crafts in the Republic of Croatia by facilitating their access to finance. The Agency’s main objective is reflected in the strategic creation of a unique system that would provide support to entrepreneurs through all development stages of operation – starting from research and development of an idea to commercialization and placement on the market.

The Agency’s activities include the promotion of establishment and development of small business entities, financing operation and development of small business entities by loans and guarantees issuing for approved loans by creditors as well as promotion of investments in small business. The Agency’s also provides financial support to innovative and technology-oriented enterprises in Croatia by increasing commercialization of knowledge and awareness about the value of innovations, supporting the transfer of knowledge and technological solutions from the scientific sector to economy, promoting the establishment and development of technology infrastructure and participation in the creation and development of venture capital industry. By supporting the growth and development of SMEs and crafts, it attempts to stimulate Croatia’s economic growth to strengthen the Croatian global competitiveness. The Agency’s activities are within the competence of the Ministry of Entrepreneurship and Crafts.

All sectors are covered, but the activities provided by HAMAG-BICRO are financial services (guarantees, micro loans and grants provision and other services)

Objectives: Support the development of small and medium-sized enterprises, improve the innovation process and encourage investments.

Functions: Provision of micro loans, guarantees, grants, assisting investments, supporting innovations, internationalization

Services: Provision of guarantees, micro loans, grants, assistance in search for investments, assistance with innovations, assistance with internationalization to SMEs

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