In November, the beamUp lab was launched – the Bulgarian Stock Exchange program to stimulate and encourage the growth of Bulgarian start-ups and small- and medium enterprises. The first 20 companies are about to begin their participation in a 12-month cycle of meetings and development trainings – from their launch to readiness for initial public offering (IPO).
The initiative is on the Bulgarian Stock Exchange, under the Ministry of Finance auspices, and is implemented in partnership with the Fund of Funds, the Bulgarian Development Bank, the European Bank for Reconstruction and Development, the Bulgarian Association of Licensed Investment Intermediaries, and the Bulgarian Startup Association.
beamUp lab is a unique program for Bulgaria and covers the whole spectrum of investors and financial intermediaries, and the first class of companies in the program are fast-growing companies with average revenue growth for the group of over 40% for the last three years.
The program aims to distinguish promising and innovative Bulgarian companies with sustainable business models, give them visibility to potential investors, and increase their knowledge about financing opportunities.
Read more about the program and the first 20 approved companies here.
Submission for applications is already open for companies that want to join the second group of beamUp lab in 2021. You can apply for participation here.
You can watch a recording of the official start of the program with information from the participants about the benefits of the program on the Bulgarian Stock Exchange Youtube Channel here.