Enhancing the Competitiveness of Creative Products and Services Grant Completion Report

IKG-003 to enhance the competitiveness of creative products and services. The grant period of performance was from November 25, 2022, to November 24, 2023. The primary goal of the grant was to increase the quality of delivered products to reach more foreign partners and to increase the volume of content delivery for the local Moldavian market. The company's objective was to upgrade its equipment to improve the quality of dubbed materials and to produce Foley, a reproduction of everyday sound effects that enhances audio quality. The new equipment was expected to increase the company's competitiveness in the industry and enable it to apply for bigger projects with specific requirements. The company also aimed to reduce production time and increase the number of clients. The grant activity achieved several objectives, including the experimentation with Foley production and the improvement of dubbed material quality. The production time of materials decreased by 20-25% due to the ease of use and responsiveness of the new equipment. The quality of dubbed materials increased considerably, as confirmed by the company's partners. Although the number of clients did not increase as anticipated, the company is currently in discussions with several potential clients regarding future projects. The company faced challenges in implementing the grant activity, including the longer-than-anticipated learning process and the time required to sign projects. However, the company is still experimenting with Foley production and is in the process of proving its name in this niche. The company's manager, Olesea Galusca, reviewed and accepted the grant completion report on November 21, 2023. The grant funding contributed significantly to the achievement of the grant objectives. Moldova Future Technologies Activity bought 80% of the necessary technical equipment through the grant, while The Kitchen MD purchased 20% of the equipment directly. The grant funding enabled the company to upgrade its equipment and improve the quality of its products. The company's sales generated 90% of new sales as a result of the purchased equipment. The grant activity was fully funded by Moldova Future Technologies Activity, with no grantee or third-party contributions. The company did not incur any costs or line items that were significantly higher or lower than anticipated in the approved grant budget. The grant completion report provides a comprehensive overview of the grant activity's objectives, achievements, and financial implementation.