Dr. Boyko Takov: BSMEPA will Support the Efforts of BCause Foundation to Promote Start-up Business Projects

We understand the need to encourage start-up entrepreneurs and we are ready to consider more effective formats for their support. This was stated by Dr. Takov, Director of the Executive Agency for Encouragement of Small and Medium-Sized Enterprises, during a meeting with BCause Foundation Executive Director and representatives of the non-governmental organization.

Bulgaria's QuarkVR Attracts Fresh Funding, Plans Staff Increase

Bulgarian software developer QuarkVR said on Tuesday that it has attracted two new investments worth more than 500,000 levs (3,000/256,000 euro) in total, as it won the trust and support of local investor CEO Angels Club, reports SeeNews. 

The startup's most pressing issue currently is the expansion of its team of specialists, QuarkVR said in a statement.  

Greece a laggard in venture capital funds too

Greece has a very poor record as far as the amounts invested in startups by venture capital funds are concerned: Since 2013, no more than 220 million euros has been invested in local startups, placing Greece in 23rd place among 34 European countries, according to Atomico's annual report presented this week, titled "The State of Europe Tech 2018."