This project proposal is focused on realizing the entrepreneurial idea - CMT production of textile products - underwear from "Kutex" Ltd. It is identified on the basis of its estimated market potential, the education and expertise of the team that will deliver it and the added social value of the products. The production of these particular textiles includes underwear, nightgowns, pajamas, bathrobes, etc., having in mind that the assortment is not exhaustive. The main advantages of this type of textile products are that they serve a broad social group - men, women and children, of almost all age, significantly contributing to improving their quality of life and having preventive health functions. In order to be able to realize his entrepreneurial idea, "Kutex" Ltd. needs to employ qualified personnel - 4 people on permanent contract, who will actually carry out the production of the textile products - underwear; purchase of tangible fixed assets - robot for cutting 1 pc. All of this will have cumulative effect on enabling the company "Kutex" Ltd. to produce and offer on the market quality products with high added value. The project investment is crucial for the company to overcome the dependence of the majority of Bulgarian tailoring enterprises in their start-up period - producing cheap goods with low added value and to support their development in the direction of making more expensive products that need elaboration in making and for which there is a growing demand, both nationally and internationally, thus improving the market performance and competitiveness of the company.
Overview
Status | Closed (completion date) |
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Start date | 23 Aug, 2019 |
End date | 19 Feb, 2021 |
Contract date | 23 Aug, 2019 |
Programme
Beneficiary
Financial information
Total cost | 249,632.00 |
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Grant | 199,705.60 |
Self finance | 49,926.40 |
Total paid | 198,491.48 |
EU participation percent | 85.0% |
Location