Our experts can assist you in all phases of the lifecycle of a grant application project - from the preliminary analysis and preparation of a project proposal to the management and reporting of the future project.

Stages in the development of a European project

Consultations and development of funding projects

Analysis of project ideas and identification of suitable funding opportunities

Regardless of whether you have a ready-made investment project or are still shaping your project idea, our consultants can help you choose the most suitable grant funding programme according to the needs of your business and the specifics of the project concept.

...After choosing a suitable programme, we will familiarize the client with all the specific conditions and requirements for applying and implementing the project.

+ Learn more
Consultations and development of funding projects

Evaluation of the eligibility of the applicant and the project idea

At this stage, we perform a free eligibility analysis of the applicant and the project idea under the selected procedure following the administrative and technical requirements and the evaluation methodology of the funding programme. We analyse the compliance with the criteria for obtaining state and minimum aid and the technological readiness level (TRL).

...Within this first stage, we assist in improving the environmental compliance of the project and carry out an assessment of the innovative potential - we offer a thorough examination of the ecological nature of the proposed solution, identification of potential inconsistencies with the European and national legislation in the field, with the environmental objectives of the EU and with the "do no significant harm" (DNSH) principle. Based on the analysis, we define opportunities for action to enhance the positive effect of the project on the environment.
Last but not least, based on their experience, our experts can assist you in determining the level of innovation of the solution according to the European definitions. Depending on the result of the performed analysis, we prepare an opinion on the chances of the project being approved for financing. With the consent of both parties and according to the needs of the client, we conclude a contract for the provision of consulting services for the development and management of the project.

+ Learn more
Consultations and development of funding projects

Development and submission of the project proposal for financing

Each programme/mechanism for financing European projects has its characteristics and specific conditions. Therefore, for each project, we assign a dedicated team of specialists with experience and competencies, according to the specifics of the respective programme.

...In close cooperation with the client, our team assists in the development of the project to obtain the maximum points and obtain approval for financing. This includes analysing the weaknesses of the concept and drawing up an action plan to address them. Our experts prepare the complete package of documents - application form (administrative and technical part), budget, indicators, accompanying legal and administrative documents, including communication with the funding body until the conclusion of the grant agreement.

+ Learn more
Consultations and development of funding projects

Management of the approved project

After the approval of the project proposal for funding, the most important part of the life cycle of a project follows, namely its management, according to the requirements of the programme, until its successful completion.

...This stage begins with the preparation of a plan for the implementation of the project and covers the administrative, financial and technical implementation of the project, including maintaining an electronic file archive, conducting contractor selection procedures, administering contracts with subcontractors, communicating with the funding body, risk management, etc. At various stages of the project, technical and financial reports must be prepared, along with supporting documentation. The last stage of the implementation of a project is the so-called "monitoring", which includes tracking progress in achieving project results and regular reporting of project indicators.

+ Learn more

Why choose us?

You have a project concept in mind but are not sure where to start? You have encountered an unexpected legal or business issue?
Contact us for a free initial consultation!

If you are still not convinced that we are the right consulting firm for your needs, trust the objective data!


Successful projects


Satisfied customers


Free consultations per year

Consultations and development of funding projects

ISO 9001:2015 certificate

Frequently asked questions

What are the mechanisms for receiving European funding?
A large part of the EU grants are provided under the European Structural and Investment Funds (ESIF): the European Regional Development Fund, the European Social Fund, the Cohesion Fund, the European Agricultural Fund for Rural Development, the European Maritime and Fisheries Fund. In order to receive the funding, Bulgaria prepares detailed investment plans, the so-called "Operational programmes", which determine how the funds will be spent.
The Recovery and Resilience Facility (RRF) is another key EU instrument that provides financial support for reforms and investments undertaken by Member States to mitigate the economic and social impact of the COVID-19 pandemic. The projects and reforms provided for in the National Recovery and Resilience Plan (NRRP) of Bulgaria will be financed by the RRF.
What are the upcoming European grant opportunities for the business?
For the 2021-2027 programming period, businesses can take advantage of numerous opportunities for funding projects under European programmes - "Competitiveness and Innovation in Enterprises" Programme, "Human Resources Development" Programme, "Scientific Research, Innovation and Digitalization for Intelligent Transformation" Programme and the "Regional Development" Programme, the Cross-Border Cooperation Programmes, as well as the grant schemes laid down in the National Recovery and Resilience Plan. In addition, Bulgarian companies can also apply for the centralized EU programs (Horizon Europe, LIFE, Innovation Fund, Digital Europe, Creative Europe, etc.), which are managed directly by the European Commission.
What are the types of expenses/costs that I can receive grant funding for?
Different types of expenses are financed according to the specific conditions of the respective European programmes. In most cases, personnel costs, acquisition of durable tangible and intangible assets (machines, facilities, equipment, software), costs of external services, costs of materials and consumables, overhead costs, costs of business trips abroad, etc. are eligible.
Can I get a grant to start a business?
Yes. There are some programmes that provide free grant support for the creation and development of innovative start-ups and spin-off companies.
How is the grant disbursed?
In most cases, the funding institution transfers an advance payment (in the amount of a predetermined percentage of the grant) to start the project activities. The grant is paid in instalments after each interim or final reporting, through which information and evidence are provided regarding the implementation of the project activities and the results achieved, incl. supporting documents. After the approval of the submitted financial and technical report, the costs incurred by the beneficiary for the relevant reporting period are reimbursed.
How is it determined whether an enterprise is micro, small or medium-sized?
The criteria according to which an enterprise is defined as micro, small or medium-sized are specified in the Small and Medium Enterprises Act. The category of an enterprise depends on the average number of staff and the annual turnover or total value of the assets of the applicant enterprise, summed up with the corresponding values of their linked enterprises and partner enterprises, for at least two consecutive years. For convenience, first only the average number of staff is to be analysed and the rule is followed that an enterprise with a staff of less than 10 people is micro, with a staff of less than 50 people - small and with a staff of less than 250 people - medium. For the definitive categorization, however, a detailed legal analysis of the enterprise's connections and links must be conducted and the above-mentioned financial indicators must be taken into account. As long-standing consultants on European projects, we can do a detailed analysis of your company at a competitive price and even for free - if you request an initial consultation through our website!
Do you consult clients based outside of Sofia?
Of course! We provide consultations on European projects at competitive prices to companies from all over the country. Do not hesitate to contact us, regardless of whether your headquarters are in Sofia, Plovdiv, Burgas, Varna, Veliko Tarnovo, Ruse, Stara Zagora or any smaller town.

Customer reviews

  • Husein Yemendzhiev
    We from "ENOVA H20" Ltd. would like to express our gratitude to the team of the company "New I" JSC for the professional attitude, competence and quality when it comes to consulting service and especially during the preparation of a project proposal under the procedure that supports start-up enterprises, under the program "Business Development, Innovations and SMEs", within the framework of the Norwegian Financial Mechanism in the 2022 year.
    Husein Yemendzhiev
    "ENOVA H20" Ltd
  • Alexandra Velkova
    We from "Atlas Agro Science" Ltd would like to express our satisfaction with the work with the company "New I" JSC consultants. We are very thankful for preparing the project management of procedure that supports start-up enterprises, under the "Business Development, Innovations and SMEs" program within the framework of the Norwegian Financial Mechanism.
    Alexandra Velkova
    "Atlas Agro Science" Ltd