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site.btaUPDATED Innovation, E-Government Ministers: New Innovation Fund to Be Founded under Three Seas Initiative

Innovation, E-Government Ministers: New Innovation Fund to Be Founded under Three Seas Initiative
Innovation, E-Government Ministers: New Innovation Fund to Be Founded under Three Seas Initiative
Caretaker Minister of Innovation and Growth Alexander Pulev (left) and caretaker Minister of e-Government Georgi Todorov in Bucharest on May 22, 2023 (BTA Photo)
A new fund with an innovation focus will be established under the Three Seas Initiative (TSI), the caretaker Minister of Innovation and Growth Alexander Pulev told BTA on Monday. The funds will be targeted at start-ups and invested in concessions and public-private partnerships. Pulev said: "We have secured EUR 5 billion of new capital, which will be distributed in no small part to entrepreneurs. Around EUR 500 million is directed in the form of private equity".

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By 00:55 on 05.11.2024 Today`s news

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