ECOSYSTEM BOOST

5xLabs: Bulgarian VCs launch a new platform to nurture the local entreprenerial ecosystem

Founders of the first investment funds in Bulgaria – NEVEQ 1 and NEVEQ 2 along with the first open-ended investment platforms in the country – Neo Ventures and Neo Gravity, have gathered forces to create a platform that helps and nurtures the local entrepreneurial ecosystem.

5x Labs will offer Bulgarian startups business development support, mentoring and legal advice, contacts to potential partners, as well as fundings up to €50.000.

Advertisement
Advertisement

The initiative is also supported by the international consulting company EY (Ernst & Young) through the EYnovation ™ program, which helps startup and fast-growing Bulgarian companies to develop their financial processes and prepare for the requirements of international markets.

The selection of startups is done in two phases – a preliminary review and official presentation of 5 selected business startups by their creators before a 5-member jury. According to the regulation, the composition of the jury is not permanent and it meets in accordance with the theme of the presented projects, reported Forbes.

“Our goal is to give a chance and support to good business ideas and teams in different sectors, not just the usual IT and fintech projects, which have traditionally been the focus of attention in recent years,” said Pavel Ezekiev  co-founder and managing partner in the open-end investment funds Neo Gravity and Neo Ventures, which is the main driving force behind the new 5x Labs platform.

The next 5x Labs presentation session for startups will be held at the end of the year, and the pre-selection is permanently open, and those interested can send their presentation to office@neoventures.net.

Specials from our Partners

Jobs

Top Posts from our Network

Deep Dives

Europe's Top Unicorn Investments 2022

The full list of companies that reached a valuation of € 1B+ this year
© Behnam Norouzi on Unsplash

Crypto Investment Tracker 2022

The biggest deals in the industry, ranked by Trending Topics

Russia vs. Ukraine

#EuropeansAgainstWar
ThisisEngineering RAEng on Unsplash

Technology explained

Powered by PwC
© addendum

Inside the Blockchain

Die revolutionäre Technologie von Experten erklärt

Podcast: Mit den smartesten Köpfen im Gespräch

Der Podcast von Trending Topics und Tech & Nature
© Shannon Rowies on Unsplash

We ❤️ Founders

Die spannendsten Persönlichkeiten der Startup-Szene
Tokio bei Nacht und Regen. © Unsplash

🤖Big in Japan🤖

Startups - Robots - Entrepreneurs - Tech - Trends

Continue Reading