Implementing an entrepreneurial idea for the production of insulation materials

ST Engineering Ltd. is a new, independent Bulgarian company, founded for the purpose of implementing an entrepreneurial idea - production of insulating materials from expanded polystyrene. The company's ambition is to develop and successfully compete with other companies in the market by offering quality products that have significant potential for implementation in terms of efficiency and competitive price. Using our products will lead to savings for the customer. This determines the main objective of the project proposal: Implementation of an entrepreneurial idea for the production of insulation materials. In order to achieve the objective, the following activities are envisaged under this project: 1. Market implementation of an entrepreneurial idea for the production of insulation materials (the activity will be carried out by employing 3 qualified personnel/workers, purchasing of 10 production machines and renting a produktion space) 2. Project vizualization. The project will be implemented in sector C22.23 "Production of plastic joinery and other plastic products for construction", which is among the sectors related to overcoming European and regional challenges. The project is in the Mechatronics and Clean Technology field of the Innovation Strategy for Smart Specialization. As a result of the implementation of the project, conditions will be created for the permanent employment of 3 persons, and one person with permanent disabilities will be employed.

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Overview

Status Terminated (termination date)
Start date 16 Aug, 2019
End date 16 Feb, 2021
Contract date 16 Aug, 2019
View in UMIS

Financial information

Total cost 250,000.00
Grant 200,000.00
Self finance 50,000.00
Total paid 0.00
EU participation percent 85.0%

Location