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15.03.2016

15 March 2016

New EUR 35 mill. For Startup Companies

The initial capital of the founded 3 years ago funds Eleven and и LAUNCHub amounting to EUR 21 mill. is increasing, where during the next 2 to 3 years it shall be amounting to EUR 35 mill. Besides the increased capital, another major change concerning the entrepreneurs-applicants for financial grant is related to the fact that the investments shall be focused on less Startup Companies however the amount of the investments shall be bigger.

Thus, Bulgarian entrepreneurs will have the opportunity to apply for initial funding of their ideas and the already created Startups – for further funding, which undoubtedly shall lead not only to increase of the competitiveness but also to development of the potential of the Startup Companies.  

 (Source: Capital Daily)