Implementation of an entrepreneurial idea by Arhinet Ltd.

“Arhinet” Ltd. is a newly established company, specialized in architectural activites – buildings design, territorial and urban planning. One of the strongest challenges facing the company, which equally applies to 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, leaving them “on paper” only. Moreover, another problematic characteristic and a major challenge in front of the entrepreneurial development in Bulgaria is the fact that almost half of the newly established companies operate in the wholesale and retail trade sector, which is mainly 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 these challenges and successfully realize its entrepreneurial idea – architectural services and services for territorial and urban planning of new generation, based on innovative technologies (3D scanning, 3D visualization, virtual reality and augmented reality), 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 fufill such activities on its own. Apart form the qualified experince and expertise, the company needs longterm tangible assets, 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 realization in short term. The planned investments will allow the applicant to successfully position and offer services, 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 Visulisation of the project.

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Overview

Status Closed (completion date)
Start date 26 Aug, 2019
End date 26 Feb, 2021
Contract date 26 Aug, 2019
View in UMIS

Beneficiary

Financial information

Total cost 249,998.31
Grant 199,998.65
Self finance 49,999.66
Total paid 0.00
EU participation percent 85.0%

Location