Bulgaria to hike capital of Sofia Tech Park by 10.2 mln euro

Bulgaria to hike capital of Sofia Tech Park by 10.2 mln euro

Bulgaria's government said that it will increase the capital of state-owned technology park operator Sofia Tech Park by some 20 million levs ($12.1 million/10.2 million euro).

The funds will be used for the purchase and exploitation of a supercomputer, the government said in a statement following its weekly meeting on Wednesday.

The funds will be made available under the economy ministry's 2020 budget.

Sofia Tech Park was established with the aim to strengthen the competitiveness of science and entrepreneurship in Bulgaria by improving the knowledge exchange between academia and business, supporting startups and innovative ideas and thus catalysing the process of commercialisation of research.

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