Croatian Agency for Small and Medium-Sized Enterprises, Innovations, and Investments (HAMAG BICRO)
The Croatian Small Business, Innovation and Investment Agency (HAMAG-BICRO) was formed in 2014 by the merger of the Croatian Small Business and Investment Agency (HAMAG INVEST) and the Business and Innovation Agency of the Republic of Croatia (BICRO). The purpose of the merger of the two Agencies is to strategically create a unique system that will support entrepreneurs through all the development stages of their business - from idea research and development through to commercialization and marketing.
During its 20 years of existence, the Agency has steadfastly advocated the promotion of small businesses and the development of entrepreneurship in the Republic of Croatia. The Agency's activities include encouraging the establishment and development of small business entities, encouraging investment in small businesses, financing the business and development of small businesses by lending to and providing guarantees to small businesses for approved loans by lenders, as well as providing support for research, development and application of modern technologies .
The Agency also provides financial support to innovative and technology-oriented companies in Croatia. It aims to develop and coordinate national policy measures related to innovation and the necessary financial instruments with the ultimate goal of motivating the private and public sectors to invest in research and development. The activities of HAMAG-BICRO are the responsibility of the Ministry of Entrepreneurship and Crafts.
The Croatian Guarantee Agency ( HGA ) was founded in 1994 with the aim of supporting the establishment and development of entrepreneurship in the Republic of Croatia. The key activities of the Croatian Guarantee Agency were to provide guarantees for loans issued by banks and other legal entities to entrepreneurs, and to provide financial support for reducing the cost of loans to entrepreneurs from banks and other legal entities.
The Croatian Small Business Agency ( HAMAG ) was established in 2002 as the legal successor of the Croatian Guarantee Agency. As a state agency, HAMAG was focused on stimulating the development of small and medium-sized enterprises and increasing its share in the total economy of the Republic of Croatia.
In 2012, HAMAG was renamed the Croatian Small Business and Investment Agency (HAMAG INVEST), which emphasized the Agency's role in encouraging entrepreneurs to enter into investment projects that ensure economic development at the national level.
The Business and Innovation Agency of the Republic of Croatia - BICRO was established by merging the Croatian Institute of Technology (HIT) and the Business and Innovation Center of Croatia (BICRO) as a central institution with the aim of providing financial support to innovative and technology oriented companies in Croatia. The Croatian Institute of Technology (HIT) was founded in 2006 by the Croatian Government to connect creative participants in the fields of science, research and industry into a single knowledge community or knowledge triangle (education - research - innovation).See more