The plan is to open a new private university with technological park facilities in the city of Lovech, Bulgaria. The local municipality could provide as a share in this enterprise land which costs around 7,000,000 USD and also could emit another 5,000,000 USD obligation loan to participate in the start-up.
The university will serve a region with more than 500,000 inhabitants where there is not any other higher educational institution and it will be part of the EU market close to the Balkans, Russian and CEE markets.
The University will have full access to students/professors' exchange programs like Erasmus, Mundis, etc.
In addition the technological park will enable further access to FP7 European funding (more than 3 billions EUR till 2013) and also to EU Operational Programs for Innovation and other EU funding like GEREMI. Part of the University infrastructure could be realized with other municipal and government funding.
Interested investors can contact us on Merar for more information.
Low cost destination (the lowest in EU)
EU market access
EU Innovation Exchange access
EU funding access
Close to EU, Russian, CEE and Middle East markets
Government and investment stability
As a low cost destination the University will provide quality educational and business development services to student and business entrepreneurs from EU, CEE, Russian and ME regions.
The financing will be used for:
- Building and reconstructions of the campus
- Courses creation and institutionalization