“BITEK” Ltd is a new company, developing activity in the priority sector of NSSME 2014-2020, with economic code 25.62 „Machining of metal”. By accomplishment of the current project, the company relies on the implementation of activities, which will include the machining of aluminium, polyurethane, wooden plates and stone, that will lead to development of competitive and efficient production, stable growth and sustainable employment. By the implementation of project activities, the following indicators will be achieved: 1. Number of enterprises receiving grants - 1. 2. Number of new supported enterprises - 1. 3. Employment growth in supported enterprises - 6 new employees. 4. Implementation of net sales revenue for a period of three years after the end of the project up to 751,77 % as compared to the received grants/benefits. 5. Reporting EBITDA for amount of 17.39 % compared to the obtained grant for a period of three years after the end of the project. BITEK Ltd. has high innovative, expert and market capacity and will guarantee high qualiy materials, machining and products, some of which are inovative for the bulgarian market.The implementation of the current project will give a strong start to the new company and will allow it to be competitive from the beginning, through two main activities:1) Realization of the entrepreneurial idea (the activity will be carried out by employing qualified staff 6 people, by purchasing and commissioning of technological equipment (two high-quality CNC Routers – one for plates, one for stone), by creating of website – 1 pc., by creating market analisys - 1 pc., by renting a production hall for 12 months, by participating in events in the country and abroad); and 2)Project visualization. The project falls under the following priorities of this procedure: female entrepreneurs, regional prioritization, projects in line with the ISIS thematic areas, and more specifically in the sector "Mechatronics and clean technologies"
Overview
Status | Closed (completion date) |
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Start date | 12 Sep, 2019 |
End date | 25 Mar, 2021 |
Contract date | 12 Sep, 2019 |
Programme
Beneficiary
Financial information
Total cost | 232,280.88 |
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Grant | 185,824.70 |
Self finance | 46,456.18 |
Total paid | 179,207.21 |
EU participation percent | 85.0% |
Location