August 2 (SeeNews) - Sofia-based venture capital fund Innovation Capital said on Monday that it started the autumn edition of its acceleration programme XLRadar for consumer goods startups.
The top 10 projects from the programme will receive 25,000 euro funding ($29,700) each, and the top three of them could get an additional investment of up to 100,000 euro in the following 12 months, Innovation Capital said in a statement.
The application deadline is September 6.
In June, the venture capital fund invested 280,000 euro in seven startups that participated in the earlier edition of XLRadar.
The XLRadar acceleration programme was first launched in 2020. More than 200 startups have applied for the programme, over 60 of them participated in it and 12 received investment of over 350,000 euro.
($ = 0.819663 euro)