Start-up companies will be able to benefit from the Fund total amount of € 51.3 million.
The Fund of Funds, through the Fund for Acceleration and Initial Financing (FAIF), has created a financial instrument to support startup companies in Bulgaria. For this purpose a procedure for selection of financial intermediaries was launched to allocate EUR 51.3 million under Operational Program "Innovation and Competitiveness" (OPIC).
Mr. Avinoam Katrieli, President of Binational Chamber of Commerce Bulgaria - Israel, encourages the start-uppers in Bulgaria to benefit from the new financial instrument in order to realize their innovative business ideas.