The Fund of Funds has launched two procedures for selecting financial intermediaries for the management of the Digitalisation Fund and the Entrepreneurship – Venture Capital Fund. Both instruments are supported by the Competitiveness and Innovation in Enterprises Programme 2021–2027, co-financed by the European Union.
The public resource under the Digitalisation Fund amounts to EUR 40.2 million, of which EUR 5 million is allocated for grants. The instrument is aimed at supporting enterprises that develop and/or implement technologies, including solutions related to artificial intelligence, digital twins, virtual reality, robotics, autonomous systems and others within stages 3–6 of Industry 4.0.
The maximum amount of a single investment will be up to EUR 5 million. Within the instrument, grants of up to EUR 200,000 may be provided in the form of technical support, such as consultancy services and/or an investment grant for activities in line with the final recipient’s business plan.
The objective is to accelerate the digital transformation of Bulgarian enterprises, enhance their competitiveness and stimulate the adoption of high-technology solutions in the real economy.
The investment period runs until the end of 2030.
Applicants may submit applications under the procedure until 20 April 2026.
The Entrepreneurship – Venture Capital Fund includes an investment by the Fund of Funds in the amount of EUR 34.5 million.
The instrument is aimed at supporting small and medium-sized enterprises at an early stage of development, with a view to commercialisation and sustainable market positioning, as well as companies with high growth potential, including enterprises reporting significant growth in employment or turnover.
The maximum investment amount will be up to EUR 3 million. The resource creates conditions for easier access to capital in the early stages of enterprise development.
The investment period runs until the end of 2030.
Applicants may submit applications under the procedure until 6 April 2026.
Eligibility conditions
Eligible financial intermediaries may include Bulgarian and/or foreign natural or legal persons, consortia thereof or other entities authorised to provide alternative investment fund management services in accordance with the legislation of the country in which they are established.
The contract notices have been published in the Official Journal of the European Union, and the full documentation is available in the CAIS EOP system – buyer’s profile, as follows:
Digitalisation Fund: https://app.eop.bg/today/522315
Entrepreneurship – Venture Capital Fund: https://app.eop.bg/today/548043
Through the implementation of the two instruments, the Fund of Funds continues to play a key role in the development of the equity financing market in Bulgaria, directing resources towards the digital transformation of enterprises and supporting entrepreneurship with high growth potential and sustainable development.
