The overall project objective is to increase the competitiveness of Parallel Ltd. on the global market, increase innovation and production capacity of the company through commercialization of innovative technology, world-class health articles sleep. The specific objectives are: - To buy production equipment for the production of products with innovative healthy stuffing; - To expand export opportunities and market share of the applicant on the world market, following the introduction in the production of better quality and healthy products; - To increase the production capacity of the enterprise by introducing new equipment for the production of healthier products; -To expand the market share of the company on a global level. This project proposal fully meets the objective of this procedure, namely providing focused support to export-oriented Bulgarian company to increase its innovation activity in one of the identified thematic areas of ISIS - "Mechatronics and clean technology" and "Industry for a healthy life and biotechnology". The project meets the specific objective of Priority Axis 1 of OPIC to increase innovation of enterprises within the specific thematic areas of ISIS and directly fits into the strategic goal of ISIS as the project would significantly increase the production capacity and the dynamic growth of the company based on the competitive advantages of innovation. Project activities include the selection of suppliers and purchase of production equipment for the new technology for healthy products in compliance with the ZUSESIF and introducing innovation, providing publicity and visualization of the project audit.
Overview
| Status | Closed (completion date) |
|---|---|
| Start date | 18 Jan, 2017 |
| End date | 06 Dec, 2018 |
| Contract date | 18 Jan, 2017 |
Programme
Beneficiary
Financial information
| Total cost | 2,989,334.58 |
|---|---|
| Grant | 1,494,667.27 |
| Self finance | 1,494,667.31 |
| Total paid | 1,494,667.27 |
| EU participation percent | 85.0% |
Location