July 6 (SeeNews) - Bulgaria's Fund of Funds said on Monday that it has awarded a 3.6 million euro ($4.1 million) contract for setting up and managing a fund for acceleration and seed financing at stage II to local Vitosha Venture Partners.
The fund will benefit from 18.2 million euro of public financing under the EU-backed operational programme Innovations and Competitiveness, the Fund of Funds said in a notice.
The deal was signed on June 5, according to the notice.
Two companies submitted offers for the contract.
($ = 0.8824 euro)