Startup with "MARGI MAX" Ltd.

Margi Max Ltd. is a newly-registered enterprise, which has set the ambitious goal of being among the innovators in Bulgaria. In today's trade, the problem of finding cheap but quality raw materials is key to successful commercialization. Many of the cheaper Chinese products for the market use raw materials of dubious quality that lead to short product life and health problems when used. We have directed our idea to the purchase of a swirl bed industrial unit (called a UAV) for the industrial use of the electromagnetic processing of materials in the vortex, using the effect of the rotating magnetic field (VMP). With this technology, we will be able to exploit the raw glycerin, a by-product in the production of biodiesel, which is at present a residual material that not only adds no added value but also has an adverse environmental impact. In achieving the high goals set, the company will rely on the experience and expertise of the developer and the members of the Entrepreneur Team on the one hand and rely on the high added value of investing in new specialized equipment and software. In order to successfully enter a highly competitive market, market research and market analysis will be developed to assist the start-up company. The technique to be purchased under the project will allow the application of modern methods of work not yet implemented on the territory of the country. The newly registered enterprise will develop its main economic activity in the Priority Sector for the creation and development of new enterprises: - C20.41 "Manufacture of soap, detergents, cleaning and polishing preparations".

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Overview

Status Closed (completion date)
Start date 13 Jun, 2019
End date 12 Feb, 2021
Contract date 13 Jun, 2019
View in UMIS

Beneficiary

Financial information

Total cost 249,750.00
Grant 199,800.00
Self finance 49,950.00
Total paid 51,394.36
EU participation percent 85.0%

Location