National Innovation Fund

National Innovation Fund (NIF)

  • The NIF was established in 2004 when the Council of Ministers approved the Innovation Strategy of Bulgaria and specific measures for its implementation (Government Decree No 723 of 8 September 2004);
  • According to the Innovation Strategy for Intelligent Specialisation of Bulgaria for the period 2014—2020 (final version adopted by Government Decree No 857 of 3 November 2015), the NIF is one of the tools for implementing the Innovation Strategy.

The NIF mission is to foster R&D at enterprise level and promote science-business cooperation

Direct objectives of the Fund:

  • Increase production volumes;
  • Improve the quality of products, services or processes;
  • Reduce the amount of the resources used;
  • Foster investments in efficient enterprises.

Eligible costs:

  • Staff costs;
  • Depreciation charges for

tools or equipment;

  • Expenses for external services;
  • Materials and consumables costs;
  • Business trips in other countries.

The application process:

  • Competitive bidding;
  • Evaluation;
  • Contracting;
  • Implementation;
  • Reporting;

Страницата е редактирана последно на: 14.02.2018

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