15.04.2021

ENTREPRENEURSHIP: BSE STARTS PARTNERSHIP WITH THE GERMAN STOCK EXCHANGE FOR FINANCING BULGARIAN STARTUPS

The Bulgarian Stock Exchange announced that it has launched a partnership with a subsidiary of the German stock exchange Deutsche Börse, which will help Bulgarian small and medium-sized enterprises and start-up companies to obtain additional financing.

Founded in 2015, the subsidiary Deutsche Börse Venture Network® is an ecosystem consisting of 460 venture capitalists from 32 countries around the world. 200 companies are members of this ecosystem and they have managed to raise a total of 4.6 billion euros in funding since its inception.

"BSE will serve as a bridge to the network through free evaluation and consultations of companies that are potential members from Bulgaria," said Assoc. Prof. Dr. Manyu Moravenov, Executive Director of BSE and Associate Professor at VUZF.

Bulgarian companies - candidates for joining the Deutsche Börse Venture Network, must meet at least three of the following criteria: for start-ups at an early stage - to have at least 1 million euros in revenue, to cover some specific business indicators such as a large number of new customers or a large growth of the customer base, etc., to have a well-known investor and attracted capital of over 1 million euros; for more mature companies - to have not less than 10 million euros in revenues; to report annual revenue growth of at least 30%, annual net profit over EUR 0.5 million, equity over EUR 5 million, well-known leading investors and attracted capital over EUR 10 million. You can see more at: https://beamuplab.space/bg/venture_network

The benefits of BSE membership in the network will be presented today during the third strategic meeting of the companies from the beamUp lab program - Gravity MeetUp III. The exchange is a symbolic host of the meeting and will demonstrate all the opportunities it offers to startups and SMEs to raise capital to implement their business strategies with a focus on the Beam Growth Market.

Another focus will be the European Bank for Reconstruction and Development's panel, which will present the types of financing they provide for start-ups and SMEs.

In the last session, EnduroSat, Businessmap (Kanbanize), SoftUni and Software Group will make their special presentation or the so-called virtual investor pitch and will receive feedback and recommendations from the managers of the leading venture capital funds - Neo Ventures, BlackPeak Capital and LAUNCHub.

The forum is attended by representatives of the 20 companies selected for the beamUp lab program, its partners and consultants.