At its meeting on Tuesday, August 13, the government got around to addressing the issue so now LIAA can again consider the applications of start-ups in an accelerated manner.

From July 1, the updated EU “de minimis” regulation came into force, which allows providing small-scale state aid to small companies without needing to notify the European Commission (EC). As of that date, transitional provisions became invalid, bringing a guillotine down on new applications because the Economics Ministry had not got around to taking the necessary action.

As a result, start-ups have been without access to this source…