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Contractual & financial aspects

Contractual & financial aspects

The commitment between the new entrepreneur, the host entrepreneur and IBA Global consists of two main elements:

  • A Commitment to Quality signed by the four parties (the new entrepreneur, the host entrepreneur , IBA Global and the local contact points involved) setting out the objective(s) of the exchange, the activity plan, the responsibilities, the expected outcomes, the duration of the stay and the planned start and end dates;
  • An Agreement for Financial Support to the  Entrepreneur signed between the new entrepreneur IBA Global and Amaanah Business Consulting.
  • The program is funded by various stakeholders, governments and investors through IBA Global and Amaanah business consulting.

IBA Global will distribute the financial support according to the terms set out in the agreement.

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