Venture Capital Fund
Stage of the instrument:
Operational programme "Innovations and Competitiveness"
View program-
Venture Capital Fund
- Market consultations
- Preparation of the documentation
- Application of financial intermediaries
- Review of offers and negotiations with candidates
- Selected financial intermediaries
- Funding of final recipients
€33,30M
Instrument description
Financial resources
- public resources* in the amount of EUR 33.3 million (BGN 65.1 million);
*Including an additional BGN 18 million available for support to enterprises affected by the COVID-19 crisis from the terminated Technology Transfer Fund;
- private co-financing in the amount of EUR 5.2 million (BGN 10.2 million) at the fund level.
Goals of the instrument
- support for the entrepreneurial ecosystem in Bulgaria;
- assist high-tech companies that need financing in order to enforce and expand their operations;
- facilitate access to capital for commercialisation of developed products and improve their overall capacity to achieve higher growth, including by implementing innovations.
Final recipients
- small and medium-sized enterprises with a high-risk profile at a relatively early stage of development;
- eligible areas: manufacturing of goods using new technologies which reduce unit cost of production; high-tech, software and hardware; e-commerce; innovative products or services, etc.
Type of financing
- alternative financing in the form of equity and quasi-equity investments;
- an investment amount ranging from EUR 750 000 to EUR 3.5 million (BGN 1.5 million to BGN 6.8 million);
Source of the public resources
Operational Programme Innovation and Competitiveness 2014 — 2020 co-financed from the European Regional Development Fund
Current stage of the instrument: investment period completed on 31.12.2023
Venture Capital Fund
Financial intermediaries
For more information regarding the process and steps for approval of financing, you can contact our financial intermediaries.
All financial intermediaries
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Документи
- Source of public resource
- Operational programme "Innovations and Competitiveness" ( 2014 - 2020 )
- Current stage of the instrument
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