Implementation of entrepreneurial idea

“Graphenelo” LLC is a newly established company, specialized in interdisciplinary research and development mainly in the field of natural and technical sciences. One of the strongest challenges facing the company, which applies equally for many small businesses in Bulgaria, is the lack of financing. Nearly 90% of the micro-companies in the country fail to realize and develop their entrepreneurial ideas, thus leaving them ‘”on paper” only. Moreover, another problematic characteristic and a major challenge facing the entrepreneurial development in Bulgaria is the fact that almost half of the newly established companies operate in the wholesale and retail sale trade sector, which is highly dependent on the economical changes and environment. The share of newly founded businesses operating in sectors with higher added value is drastically small. To be able to face all of these challenges and successfully realize its entrepreneurial idea (service) – license distribution of optimal concentration selection technology and approach for introducing synthetic graphene oxide into different polymer matrices, the company needs to overcome all the existing limits and difficulties prior to its development. The applicant cannot realize its entrepreneurial idea, because it does not have the necessary qualified staff to execute such activities on its own. Apart form the qualified experince and expertise, the company needs LTA, consumables and premises, all of these necessary for the realization of the idea. A market survey is also needed for the establishment of the entrepreneurial idea on the market and its short term realization. The planned investments will allow the applicant to successfully position and launch a service, which will generate high added value. To overcome all the mentioned issues, the project includes the following eligible activities: 1. Activity for realization of an entrepreneurial idea on the market 2. Visualisation of the project.

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Overview

Status Terminated (termination date)
Start date 10 Jun, 2019
End date 12 Mar, 2021
Contract date 10 Jun, 2019
View in UMIS

Beneficiary

Financial information

Total cost 249,604.00
Grant 199,683.20
Self finance 49,920.80
Total paid 0.00
EU participation percent 85.0%

Location