BDB presented its contribution to the development of innovations during the forum "The state in support of sports – new opportunities"
"The mission of the Bulgarian Development Bank is to support innovation, smart solutions and new technologies. Through our subsidiary, Capital Investments Fund, we have supported the growth of the innovative company Barin Sports," said Tsanko Arabadzhiev, Executive Director of BDB and Chairperson of the Board of Directors of the Fund, during the forum "The state in support of sports – new opportunities", which was held in Sofia Tech Park.
The event was opened by President Rumen Radev and its organizers are the Ministry of Innovation and Growth and the Ministry of Youth and Sports. The forum was also attended by representatives of the ministries of e-government, regional development, health and education, heads of sports federations, as well as representatives of local self-government.
"In Barin Sports we saw a potential for development, a visionary approach, and last but not least – a huge contribution to health prevention," emphasized Tsanko Arabadzhiev during the presentation of the high-tech company, part of the portfolio of the Capital Investments Fund.
Barin Sports is the creator of an artificial intelligence device that supports professional athletes and their coaches by providing real-time data on the athletes' physical condition and workload. This technology can dramatically reduce sports injuries, save the health and lives of at-risk athletes, and show who has the greatest potential for success on the field.
"We stand behind small and medium-sized businesses, young entrepreneurs and start-ups. We support good ideas and growth potential," added the Executive Director of the Bulgarian Development Bank.
In addition to equity capital, the BDB Group’s Capital Investments Fund also helps businesses with its financial, strategic and marketing expertise.
The company holds shares in companies from various economic sectors, such as the companies IPS (International Power Supply), Econic One, Barin Sports, Kolev i Kolev, Decibel, and EvroTrust. In August 2022, the Capital Investments Fund successfully exited its deal with the M2 PROM furniture company.