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The business opinion does matter to the National Innovation Fund`s reforms

"The National Innovation Fund is one of the most successful instruments that support the research and development of small and medium-sized enterprises," said Ventsislav Slavkov, the founder of SPESIMA. Therefore, the increasing of its budget and its administration procedures` improvement are of utmost importance for innovative enterprises in the country.

Shared views and ideas at the meeting will be used to prepare recommendations that contribute to improving SME Executive Agency (BSMEPA) administrative capacity. The agency manages NIF. The aim is to engage more actively in the preparation of innovation-enhancing instruments to better reflect their expectations and needs.

Under the project "Effective Financial Instruments in Support of SMEs" (ESSPO) experts from 8 European countries analyze the challenges for effective support for small and medium sized enterprises. ARC Fund analyses NIF experience. The project`s aim is to analyse the mechanisms for monitoring and evaluating SME support instruments in eight European countries. The ESSPO will end in December 2020.

Read the the results and the achievements` summary here.

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