The Fund of Funds (FoF) has launched market tests related to the structuring of a financial instrument for strategic investments. The total public resource amounts to EUR 40.2 million under the Competitiveness and Innovation in Enterprises Programme 2021–2027, co-funded by the European Union.
The objective of the instrument is to direct resources to final recipients to achieve the Programme’s specific objectives in the following areas:
Support for investments contributing to the objectives of the Strategic Technologies for Europe Platform (STEP).
Improving industrial capacity to strengthen defense capabilities, giving priority to dual-use capacity.
The strategic investment instrument targets SMEs and large enterprises operating primarily in high value-added strategic sectors. These include, but are not limited to, digital and deep tech technologies, cybersecurity, quantum technologies, computer and electronic technologies, the software industry, biotechnology, and clean technologies. The focus is on improving availability, supply, and production capacity while reducing vulnerabilities in supply chains.
Market tests will be conducted through individual meetings with interested parties at the offices of the Fund of Funds in Sofia (5 Lachezar Stanchev St., Sopharma Business Towers, Building A, Floor 5). The planned topics for discussion include:
Market opportunities and identified financing needs for investments in strategic technologies and defense, including dual-use technologies.
Structure of the financial instrument, including its implementation mechanism, resource size, management fee, territorial allocation, objectives, and other parameters.
Parameters of the financial instrument, such as guarantee coverage, loss cap (for portfolio guarantees), minimum private financing (for risk-sharing financing), as well as expected financing terms, including pricing conditions, size, and maturity.
Meetings with interested stakeholders will take place from March 9 to March 20, 2026, following prior reservation via the following link HERE. The Fund of Funds reserves the right to propose changes to the schedule as necessary. Participants will be duly informed of any adjustments.
More detailed information and links to the Indicative Technical Specification are available HERE. For questions or technical difficulties, please contact us at office@fmfib.bg.
