The Association for Innovation, Business Excellence, Services and Technology (AISBEST) Publishes its Annual Industry Outsourcing Report
05.11.2019
Sofia City News 
05.11.2019

Funding Opportunities

 

The application procedure for projects for the creation and development of regional innovation centres is under way until 20 January 2020. The call is under the Innovation and Competitiveness 2014-2020 Operational Program, Priority Axis 1: Technological Development and Innovation.

The procedure is aimed at projects focused on creating a working partnership between business and science for the benefit of the regional economy. The purpose of the procedure is to build and develop modern research and innovation infrastructure for conducting open-type applied research, contributing to the accelerated economic and social development of the Bulgarian regions.

Questions and requests for clarification on the Application Conditions are accepted up to three weeks before the deadline for submission of project proposals in the order indicated here.

You will find the necessary documents and details of the application conditions here.

 

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The European Investment Fund (EIF) and UniCredit Bulbank have signed a guarantee agreement to provide loans to start-ups and small and medium-sized enterprises (SMEs) with reduced collateral requirements and no guarantee fee. Bulgarian companies will receive BGN 210 million for investments and working capital. 

The guarantee scheme will have a duration of three years and 50% of the credit risk of the loans will be guaranteed under the COSME program.

The program focuses on small and medium-sized enterprises (SMEs) within a wide range of economic activities and start-ups in the early stages of development and in need of financing through a convertible loan. 

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The Fund of Funds has selected an intermediary for the first Mezzanine Fund, aimed entirely at Bulgaria. The financing will support Bulgarian SMEs in an advanced stage of development and with a plan for expansion and improvement of the business, including for entering new markets. 

The fund manager for the Mezzanine /Growth Fund will be Bulgarian Mezzanine Partners DZZD, which will manage BGN 75.3 million in public funds and additional private funding of at least BGN 28.5 million.  

The amount of investments in each enterprise will range between BGN 4.9 million and BGN 13.7 million. The instrument’s investment period will run until the end of 2023.

 

 

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