Business development, innovation in small and medium enterprises in Bulgaria
Business Development, Innovation and SMEs Bulgaria is a business development program that aims to increase value creation and sustainable growth in the Bulgarian business sector. The program is part of the financial grant mechanism for Norway for the period 2014-2021, which aims to contribute to reducing economic and social disparities in the European Economic Area (EEA) and to strengthen bilateral relations between Norway and the beneficiary countries.
The conditions for applying for the program are the following:
- Bulgarian small and medium enterprises
- must have been established and registered for at least 6 months and maximum 4 years of operation at the date of the deadline of the Call
- must be operating within one of the two focus areas of programme (Green Industry Innovation / Welfare Technology)
- shall be unlisted small enterprises up to four years following their registration, which have not yet distributed profits and have not been formed through a merger.
The aim of the program is to finance the development and implementation of innovative green technologies, products, processes and solutions, and the expected result is to increase the competitiveness of Bulgarian enterprises within the above program areas, in the form of turnover growth and net profit.
The deadline for applying for the project is November 18, until 14:00 Bulgarian time, and you can register here.
More about what the program offers, additional conditions and possible funding can be found here.