News

The Board of the directors of the National innovation fund (NIF) has approved at its first meeting this year the NFI’s budget, which will be BGN 10 million from the central budget. Machine building, Electrical engeneering and Electronics, Food industry, ICT in the enterprises were determined as priority sectors and areas of industrial research and experimental development, subsidized by the NIF.

The main goal of the National Innovation Fund is to promote the scientific and research and development activities. The direct objective of the Fund is to promote the implementation of scientific and research and development projects and projects for technical feasibility with the aim of acquiring new or improved products, processes or services designed to raise the economic efficiency, improve the innovative potential and technological level of enterprises, increase private investment and enhance the dynamics of innovative processes. The Fund aims to improve the market outcome for enterprises and society, expressed in better prices for higher quality, increased production volume, reduced use of resources and increased investment in efficient enterprises.

Source: mi.government.bg