site.btaEIF's Reconstruction and Development Capital Fund to Support Entrepreneurial, Start-up Ecosystem in Bulgaria

 The European Investment Fund's (EIF) Reconstruction and Development Capital Fund will support Bulgarian businesses with BGN 360 million. Its presentation was on Tuesday in the presence of Minister of Innovation and Growth Milena Stoycheva, her Ministry said.

The Innovation Ministry has tasked the EIF with the implementation of three equity financial instruments of the National Recovery and Resilience Plan (NRRP) worth BGN 360 million. The funds will reach Bulgarian companies through the newly established Capital Fund for Recovery and Development.

The newly created structure will support both the entrepreneurial and the start-up ecosystem in Bulgaria, according to Minister Stoycheva. 

The three areas of the fund are economic growth, innovation and sustainable digital infrastructure.