SINCO Sp. z o.o., the only owner of Tears of Time brand, was selected to launch a project "Activities Promoting in the Foreign Markets Jewellery with Amber Manufactured by SINCO Sp. z o.o.” This project is co-financed by the European Funds under the Operational Program Smart Growth 2014-2020, Measure 3.3 Support for promotion and internationalization of innovative enterprises, Sub-measure 3.3.3 Support for SMEs in promotion of product brands - Go to Brand.

Goals of project:
Effective promotion of Tears of Time brand internationally, introduction of Tears of Time products in 3 prospective markets: India, Japan, and China. Increase of the scale of total export.

The quantitative effects of the project are the following: number of trade contracts (12), export revenues of the products being the subject of the project (same as total export revenues): PLN 821 522.37. Additionally, participation in 5 trade shows, 2 individual outbound economic missions, 2 inbound economic missions and the acquisition of 2 consultancy services in the field of internationalization of business.

The quality effects of the project are the following: promoting products internationally, gaining new prospective markets, establishing new business contacts, acquiring new foreign customers, and signing new export trade agreements.
 

Value of the project:
• eligible expenses: PLN 435 200.00
• total expenses: PLN 473 472.00
Contribution of European Funds: PLN 369 920.00