Venture capital

High-tech companies can get between BGN 1.5 and 7 million thanks to a contract signed between the Fund of funds manager and the Venture Capital Fund.

The organization has been analyzing startup ecosystems around the world for ten years, this year covering over 150 cities on all continents, the Digital Serbia Initiative announced on Tuesday.

The Greek startup ecosystem has been showing signs of maturity in recent years, as a number of investors have chosen to contribute funds toward the realization of Greeks' innovative ideas.

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."

The Bulgarian government appointed Bogomil Balkansky as Honorary Consul in San Francisco with a consular district covering the Silicon Valley, California.

Bogomil Balkansky's candidacy was proposed by the Bulgarian community in the Silicon Valley, the government's press service announced.

Greece is experiencing a rise in employment at companies that are reliant on brain power, according to a report by the European Center for Policy Reform and Entrepreneurship (ECEPR).

Some 40,000 enterprises were born and died during Greece's financial crisis, as attempts to find a way out of unemployment through entrepreneurship, out of necessity, has proven a very difficult and risky choice.

Where does the Greek startup ecosystem stand? Last week was marked by the official launch of EquiFund, the new fund of funds that has been set up to promote entrepreneurship in the recession-battered country. How much progress has been made since the launch of four funding programs through the JEREMIE initiative of the European Investment Fund (EIF) in 2013?

The first Bulgarian exposition for startup innovative companies "Sofia Startup Expo 2018" (SSE) will take place in Sofia in March this year.

Turkey's largest business organization, the Turkish Union of Chambers and Commodity Exchanges (TOBB), is set to bring $1 billion worth venture capital funds together with Turkish companies based in Anatolia with high growth potentials in the next two years, its president has said.