DSK Bank and the European Investment Fund have signed an agreement to lend funds totalling BGN 70 million, guaranteed under the European COSME program. Funding will be made available to small and medium-sized businesses in almost all sectors of the economy (except for activities related to alcohol, gambling, weapons, etc.) with a guarantee of 50% of the loan value, and a term of up to 10 years from its granting.
INNOWWIDE opens two funds to finance innovative small and medium-sized enterprises (SMEs) and start-ups focused on the markets of developing countries with large economies (Brazil, Russia, India, China, Mexico, etc.), as well as developed countries.
The projects should last up to 6 months. INNOWWIDE will provide a grant of € 60,000 for each project. The application deadline is March 31, 2020. More information can be found here.
The European Commission has launched a call for applications for the EU Prize for Women Innovators 2020. The awards highlight the work of exceptional women who drive research and innovation and inspire future generations of young girls. Apply here by April 21.
Fintech start-ups can join the second edition of Visa’s Innovation Program in partnership with the venture fund Eleven. The selected teams will undergo six months of training to accelerate the development and commercialisation of their product or service. The participants will have the opportunity to receive an investment of EUR 100,000.
The focus of the program will be on solutions with a focus on the future of commerce, banking transformation, improving customer experience, and more. This year’s initiative also encourages the participation of sustainable solutions, projects in the field of social entrepreneurship and the participation of more women in the sector. The deadline for applications is March 15. Participants are required to fill out this online form.