Filip Genov, leads the Unicredit Bulbank program for start-up loans
Unicredit Bulbank is the first bank to enter this financial segment and will help boost its growth
This article is part of K Quarterly # Issue 1 / November-January 2017. Contact us for subscription options on email@example.com
Filip Genov, Unicredit Bulbank’s first vice-president, is the driver behind its new program for first loans to start-ups. Nine months after the special tool was launched, a total of 2 million euro financing has been approved by the governing committee for seven companies, three of which already obtained the funds. These are Playground Energy which converts kinetic energy on playgrounds into lights and sounds, Sensika Technologies, developer of a business investigation online engine, and Coursedot, which specializes in online tech education. All of them have been previously financed by the startup accelerator Launchub and have a potential to grow internationally.
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Bulgarian stock market ranks second only to regional leader Croatia in 2016, but the growth is shaky and can easily wither