Assarel-Investment JSC, an investment company owned by the Bulgarian leader in copper mining and processing- Assarel-Medet JSC, is conducting a contest for innovative business projects. Up to three projects will be provided equity investment with a common fund of 200 000 euro.

The purpose of the contest is to generate innovative business ideas with high realization potential. The projects should be related to one of the following sectors: mining industry, processing industry, components and systems for energy efficiency and renewable energy sources, chemical industry, waste recycling and environment protection, electronics, electric engines. Innovative business idea (project) is any product, process, service or business model which represents technological innovation with a useful effect and satisfies an existing market demand/niche on the Bulgarian market. When the participants offer an idea, they should prove that it can be applied in practice and should get involved in the project development.

In the first phase of the contest participants should submit a summary of their project which is in a paper format and includes description of the idea, competitive advantages and market potential, basic financial parameters and team presentation. The participants who are approved to the next stage shall be invited to submit a detailed business plan and financial analysis. In the third phase presentations of approved projects shall take place in front of the jury of the contest.

Contest registration period begins on 10.10.2013 and ends on 31.03.2014.