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Funding The Startups' Innovation Activities By European Funds

Author

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  • Vladi Kurshumov

    (University of Economics –Varna, Bulgaria)

Abstract

The development of entrepreneurship nowadays is of great importance for the competitiveness of any economy, and that is why it is important the start-up businesses and their innovation activities to be well stimulated. The purpose of the report is to ana-lyze the possibilities for financing the implementation of innovations by Start-ups in Bulgaria through European funds and the efficiency of absorption of funds. The basis is a comparative feature of funding procedures over the programming period 2007-2013 and 2014-2020. The used information is mainly from Information System for Management and Monitoring of EU Funds in Bulgaria The results show that less and less Start-ups are benefiting from European funding for innovations.

Suggested Citation

  • Vladi Kurshumov, 2020. "Funding The Startups' Innovation Activities By European Funds," Economic Science, education and the real economy: Development and interactions in the digital age, Publishing house Science and Economics Varna, issue 1, pages 349-360.
    • Handle: RePEc:vrn:cfdide:y:2020:i:1:p:349-360
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    More about this item

    Keywords

    Start-ups; innovations; European funds; entrepreneurship;
    All these keywords.

    JEL classification:

    • M13 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - New Firms; Startups
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • D25 - Microeconomics - - Production and Organizations - - - Intertemporal Firm Choice: Investment, Capacity, and Financing

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