Seed/Acceleration and Start-up Fund to support Bulgarian start-ups and early-stage SMEs
FMFIB is rolling out market test on the indicative terms of its EUR 55 mln Seed/Acceleration and Start-up Fund (SASF). With this process FMFIB strives to collect feedback from the VC industlnry, i.e. fund managers, investors, and final recipients, among others, to align the characteristics of SASF with the prevailing market trends.
Any comments and invitations for discussions from interested parties are welcomed up until 10 March 2017, 18:30 EET at SASFOPIC@fmfib.bg. In the meantime, the FMFIB team would be happy to respond to any queries on +359 2 801 40 50.
The indicative term sheet of SASF is available on our website at http://www.fmfib.bg/bg/instruments.
SASF in a nutshell
SASF is co-financed by Operational Programme “Innovations and Competitiveness” 2014-2020. The Programme provides approximately EUR 55 m for the structuring of instrument and it should attract additional private financing ranging from 10% to at least 40% of the fund(s) cumulative commitments. SASF would foster the set-up of one or several investment funds to support the development of Bulgarian start-ups and early-stage SMEs.