Bulgaria to Set Up 25 Mln Euro Risk Capital Fund for SMEs

Bulgaria to Set Up 25 Mln Euro Risk Capital Fund for SMEs

Bulgaria's ministry of economy said on Thursday that it will set up a new risk capital fund, which will provide up to 25 million euro ($29.6 million) in support for small and medium-sized enterprises (SMEs) under the EU's JEREMIE initiative. The fund's aim is to support early-stage SMEs, focused on artificial intelligence, big data, augmented and virtual reality, cloud services, blockchain and others, the economy ministry said in a statement. Out of the total, up to 20 million euro will be national funds, while up to 5 million euro will be private equity, Some 3 million euro will be invested in acceleration, with initial investments of up to 50,000 euro with an option for a follow-up investment of up to 200,000 euro. JEREMIE is a joint initiative set up in 2007 by the European Commission, the European Investment Bank Group and other financial institutions aimed at enhancing cohesion across the EU through new risk finance initiatives for SMEs.($ = 0.8457 euro) 

Previous Next
Test Caption
Test Description goes like this
Cookies Preferences
Choose Type of Cookies You Accept Using

These cookies are required for the website to run and cannot be switched off. Such cookie are only set in response to actions made by you such as language, currency, login session, privacy preferences. You can set your browser to block these cookies but our site may not work then.

These cookies allow us to measure visitors traffic and see traffic sources by collecting information in data sets. They also help us understand which products and actions are more popular than others.

These cookies are usually set by our marketing and advertising partners. They may be used by them to build a profile of your interest and later show you relevant ads. If you do not allow these cookies you will not experience targeted ads for your interests.