Second PURE COSMOS Peer Review in Magdeburg

As partner of the PURE COSMOS project the Development Bank of Saxony-Anhalt strives to improve processes to offer better, on-line based services and provide faster access to funding.
The improvements shall be made in order to make the procedures more business friendly. Besides the easing of applying for funding and implementing funded projects, the activities are likely to invite even more businesses to apply for funding and make use of the opportunities offered by the regional government. In practical terms the Bank wants to
 - Identify barriers and obstacles SMEs face when applying for funding in three pilot funding schemes;
 - Develop (IT)-solutions for administrative procedures;
 - Establish more (transparent) e-communication between the bank and the SME;
 - Develop (IT)-solutions to reduce administrative burden;
 - Review the regional legislation to be applied in funding;
 - Evaluate the impact the new solutions have.