Soft loans with guarantees from the Fund of Funds will also be offered by First Investment Bank, BACB, and Tokuda Bank. The portfolio guarantee agreement supports small and medium-sized enterprises’ liquidity in response to the economic crisis related to the COVID-19 pandemic.
The fund directs to Bulgaria’s small- and medium-sized business, an additional anti-crisis resource of BGN 42 million. The funds are for liquid support of SМЕs affected by the COVID crisis and will reach the companies through the equity investment managers Innovation Capital, Morningside Hill, and Vitosha Venture Partners. After the upcoming signing of the agreement with the fourth financial intermediary – New Vision 3, the total amount of the anti-crisis resource will reach BGN 56.3 million.
Тhe enterprises can contact the banks mentioned above and four financial intermediaries directly for more information and discussions on potential cooperation.
Young (with up to 3 years of experience) or future entrepreneurs (with a business idea) can apply for the Erasmus program for young entrepreneurs. The program offers on-the-job training in a small or medium-sized enterprise abroad with a funded stay of 1 to 6 months. Among the advantages for the participants are improving the business plan, acquiring know-how, accessing new markets and partners abroad, looking at different cultural and organizational attitudes, and doing business in another EU country.
The application is made entirely electronically on the Erasmus website for young entrepreneurs here.
Bloomberg TV Bulgaria accepts applications for its “Inspirational 5” campaign. The initiative is aimed at start-up companies and strives to support innovative business solutions and promote successful business practices in Bulgaria.
Every start-up based in Bulgaria, having a developed innovative project and activity on the Bulgarian market of no more than three years, can apply for the “Inspirational 5” on the initiative’s website until 15 November .
The five start-ups that receive the most votes among consumers will be announced in the first week of December and will receive advice and know-how from a special mentoring team of specialists invited in the initiative by Bloomberg TV Bulgaria.
In connection with the preliminary evaluation of financial instruments for the next programming period 2021-2027, the Bulgarian Chamber of Commerce and Industry conducted an anonymous survey among potential final recipients (companies) that would apply for future financial instruments under the “Human Resources Development” Operational Program. The aim is to study the attitude among potential beneficiaries who would apply for funding under the program in the coming years. Find a link to the survey here.