8 New Startups Join EUR 12 M Accelerator in Bulgaria

Eleven аccelerator venture fund, which was launched in Bulgaria in August last year with EUR 12 M, has announced that another eight startups have joined its headquarters at the beginning of January.
The new entries are from Bulgaria, Croatia, Serbia and Romania.
Their concepts differ widely – from providing solutions in the fields of education, medicine, trade and communications - but they all are based online.
Eleven is a EUR 12 million venture fund that provides financing to early-stage startups using an incremental investment approach.
The fund is focused on innovative ideas, providing EUR 50,000 for proof of concept during a 3+3 month acceleration program under one roof with the ability for up to EUR 150,000 follow-on seed investment.
The money comes from the European Union's Jeremie, the Joint European Resources for Micro to Medium Enterprises.
Eleven's partners include Springboard and Google.
The accelerator reportedly has a mandate to spend its budget in 3.5 years funding between 100 and 200 startups.
In the summer last year Eleven announced its first 11 startups, which range from a sort of Farmville with real farms to a data management platform and an app that "solves every woman's problem, what to wear on any occasion".
The application window for the third batch of Eleven companies is already open, until February 3.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
- » Bulgaria: Ex-Energy Minister and Ex-Head of Bulgargaz are Accused of Buying Gas from Gazprom through Intermediaries
- » Ex-Finance Minister: If Bulgaria enters the Eurozone Tomorrow, People's Assets will Increase by 30%
- » Moody's confirmed the Credit Rating of Bulgaria and Predicts Postponement of the Euro
- » TPP ContourGlobal Maritsa 3 produced over 12% of the Electricity in Bulgaria in 2022
- » Bulgarian Financier: Adoption of the Euro will Not Raise Prices
- » Bulgaria allowed the Export to Ukraine of Petroleum Products obtained from Russian Crude Oil