Name in original language
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Initiative overview
The Capital Investment Fund (CIF) is a Bulgarian investment fund designed to support small and medium-sized enterprises (SMEs) with strong growth potential through equity investments. The fund addresses a key challenge in the Bulgarian business ecosystem: limited access to private capital for high-potential companies, particularly those engaged in innovative and technology-driven activities, including artificial intelligence (AI).
CIF operates by co-investing alongside private equity funds, thereby fostering the development of Bulgaria’s private equity market and helping innovative enterprises scale their operations. While the fund is sector-agnostic, it actively supports projects that drive technological innovation and strengthen Bulgaria’s competitiveness in emerging industries.
A notable example of CIF’s impact is its 2022 investment of BGN 4 million (approximately EUR 2 million) in Barin Sports, a company that develops AI systems to monitor athletes’ performance. This investment illustrates how CIF not only provides financial backing but also facilitates the practical deployment of AI solutions with real-world applications.
