News
The Fund of Funds launches market consultations for the Financial Instrument "Microfinancing for entrepreneurial of Students and PhD Candidates"
The total budget of the instrument is BGN 7.76 million and is financed by the Education Programme 2021-2027, co-financed by the European Social Fund Plus
The Fund of Funds has launched market consultantions in relation to structuring of the debt financing instrument "Microfinancing for entrepreneurial of Students and PhD Candidates".The financial instrument "Microfinancing for entrepreneurial of Students and PhD Candidates" is funded by the Education Programme 2021-2027, co-financed by the European Social Fund Plus with a total budget of BGN 7.76 million. It will stimulate and support the creation of their own business or other entrepreneurial activity by students and/or PhD students, with the aim of supporting the improvement of opportunities for a rapid transition from graduate education to employment. The focus is on the development of entrepreneurial skills of students and/or PhD students through their participation in the entrepreneurial process, namely through "learning by doing", as well as enhancing the quality of the relation between education, science and business.
During the consultations, which will take the form of individual meetings with all stakeholders, the following topics will be discussed:
- State of the market and main factors related to investment in Microcredit: expected opportunities, supply and demand, activities and projects, etc.;
- Structure of the Financial Instrument: implementation mechanism (risk sharing micro-financing and/or first lost portfolio guarantee), amount of resource, etc.;
- Parameters of the Financial Instrument: co-financing percentage/coverage percentage and loss cap, number of supported enterprises, territorial distribution, eligibility requirements, state aid schemes, remuneration opportunities, ;
- Indicative financing conditions for final beneficiaries: main expected financing parameters, price conditions, amount, duration, etc.
The meetings will take place from 09.10.2024 to 22.10.2024 and those wishing to participate should make an advance electronic reservation here.
More information on preparing for the market consultation for the Financial Instrument "Microfinancing for entrepreneurial of Students and PhD Candidates" can be found here.
Any questions or queries in case of technical difficulties can be directed to the following email address: office@fmfib.bg.