Introduction in the activity of "Crown" Ltd. of an innovative product - fiberoptic light transmission probe

This project is aimed at introduction in the activities of "Crown" Ltd of product (product) innovation "Fiberoptic light transmission probe". The investment is related to expanding of the current capacity of the company, in consequence of which will be achieved increase in volume and improvement of produced by the company fiber optic components for dental apparatus without changing fundamentally his basic production process. Planned for introduction in the activity innovative product represents an innovation in the World/European market and outperforms neighboring alternative solutions. The project implementation will lead to the commercialization of the innovative product in the priority direction "Industry for a healthy life and Biotechnology" (production of tools, equipment, supplies, medical and dental diagnostics and therapy, and / or participation in supra-national production chain) of ISIS. That subject matter is a priority for support in the NorthWest planning region where the company will achieve its investment (Vratsa). Thus the company will increase the proportion of high-tech production and create additional conditions for the development of the NW region that is among the troubles and underdeveloped areas not only in Bulgaria but also throughout the European Union. Successful implementation of the project requires realistic planning of the whole process and balanced distribution of activities at the time of its execution. As part of the methodology for implementation of each activity, the applicant has provided project management, implementation of procedures for selection of contractors, delivery of equipment, consulting services (market research) in support of innovation. Planned to implement the project activities are in full compliance with EU horizontal policies. When launching the innovative product will not infringe intellectual property rights.

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Overview

Status Closed (completion date)
Start date 07 Jul, 2017
End date 18 Oct, 2018
Contract date 07 Jul, 2017
View in UMIS

Beneficiary

Financial information

Total cost 871,800.00
Grant 614,160.00
Self finance 257,640.00
Total paid 612,460.00
EU participation percent 85.0%

Location