Production of creative animation, films, TV productions, advertising clips and musical projects.

With this project the candidate plans to develop a newly established company – DIFAR Ltd. in the priority sector of the National Strategy for Promoting Small and Medium Enterprises 2014-2020 - "J59. Production of films, television programs, sound and music recording". The core of the entrepreneurial idea is: - Production of films; - Production of commercials and promotional videos; - Production of TV programs; - Musical production / performance of musical projects; - Animation film production / animation film projects. In order for the entrepreneurial idea to be implemented, the following activities will be completed: - Market realization of the entrepreneurial idea; - Visualization of DIFAR’s project; The expected results from the support received under the procedure will be the following: 1. A team of qualified personnel will be formed; 2. Renting of a company office in the city of Vratsa; 3. Purchase of the necessary equipment for the realization of the entrepreneurial idea; 4. DIFAR Ltd. will develop and implement in its daily activity the software: "Platform for management of film, music and TV productions"; 5. Develop an economic evaluation and a marketing plan for market realization of the envisioned creative projects and productions; 6. Fulfill actions necessary to ensure publicity and visualization of the project; With the realization of the proposed project, a positive effect will be achieved in regard with the sustainability of the newly established company, in addition job stability will be ensured by the employment of 3 people and financial growth achieved; - "DIFAR" Ltd. will achieve total net sales income for three consecutive years after the completion of the project which is more than 50% of the requested grant amount and, - Weighted Average EBITDA of 17.76%

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Overview

Status Closed (completion date)
Start date 13 Jun, 2019
End date 22 Apr, 2021
Contract date 13 Jun, 2019
View in UMIS

Beneficiary

Financial information

Total cost 248,847.96
Grant 199,078.35
Self finance 49,769.61
Total paid 196,170.99
EU participation percent 85.0%

Location