New opportunities for innovation: A funding program has been opened with a budget of BGN 127 million.

The Rousse Chamber of Commerce and Industry informs about the opening of a new program for financing innovations, providing opportunities for micro, small and medium-sized enterprises, as well as for large companies in partnership with SMEs, to develop and implement innovative projects in various spheres of the economy. The program, with a total budget of BGN 127 million, is a significant step towards supporting innovation and technological progress in Bulgaria.

Main features of the program

1. Amount of grants:
   • Micro-enterprises: up to BGN 250,000.
   • Small enterprises: up to BGN 400 thousand.
   • The rest: up to BGN 500 thousand.
2. Subject Areas:
   • ICT and Informatics
   • Mechatronics and Microelectronics
   • Healthy Living, Bioeconomy and Biotechnologies
   • Creative and Recreational Industries
   • Clean Technologies and Low Carbon Economy
3. Evaluation criteria:
   Applications will be evaluated based on qualitative criteria and not on a first-come, first-served basis.

Importance to the business community

This program offers significant opportunities for businesses to invest in innovation, driving economic growth and technological progress. It is especially important for startups and small businesses looking for funding to develop innovative ideas. Given the wide range of thematic areas, the program encourages cross-sectoral collaboration and innovation.

How to Apply

1. Analyze relevant areas:
   Identify which of the subject areas best matches your capabilities and market objectives.
2. Project preparation:
   Develop quality and innovative project proposals that meet evaluation criteria and demonstrate potential for implementation and market success.
3. Using expert support:
   Explore consulting opportunities with innovation and business development experts to strengthen your project proposals.
4. Strategic planning and risk management:
   Prepare a detailed project implementation plan, including strategies for managing potential risks.
5. Applying:
   The deadline for submitting project proposals is May 15. Make sure all documents are complete and accurate.

Conclusion

This program is a promising opportunity for businesses in Ruse and the region to expand their horizons and contribute to the economic and technological growth of the country. The Rousse Chamber of Commerce and Industry encourages all qualified enterprises to take advantage of this program and give a boost to their innovative ideas.

To read the article on which the analysis was based, click here. Author: Rumyana Gocheva, Capital newspaper.