Fund Manager of Financial Instruments in Bulgaria EAD (FMFIB) has extended the deadline for market test consultations on the Technology Transfer Fund (TTF) financing instrument until 10 March 2017. The financing instrument has a budget of EUR 30 million under Operational Programme Innovations and Competitiveness 2014-2020 (OPIC) from the European Regional Development Fund (ERDF).
Extending the period for testing the market was occasioned by the very high interest in the financing instrument shown as the end of the original deadline was approaching (10 February 2017). By its decision, the FMFIB aims to involve a wider range of market participants and allow for more time for meetings and discussions with stakeholders on the terms of the instrument. Thus the structure of the financial product will correspond as well as possible to the requirements of market players and the current situation in the industry.
Suggestions and comments on the indicative technical specifications can be e-mailed to the following address: TTFOPIC@fmfib.bg. For more information and FAQs on the market test consultations, the FMFIB EAD team can be reached by phone at +359 2 801 40 50.
Detailed terms and conditions for the implementation of TTF are available on the FMFIB website, under the Financing Instruments heading.
