Product Innovation Financing for Walltopia AD

On June 4, 2018 Walltopia AD signed a grant agreement with the Bulgarian Ministry of Economy No. BG16RFOP002-1.005-0199-C01 for the purposes of the development of the product innovation “Attraction Facility for wingsuit flights with vertical lift system.” This product innovation is expected to provide a new functionality and a new way of operation of the existing version of the product “Rollglider,” which is a gravity-driven attractions line. In order to use it its customers are sliding down a curved trajectory and while doing this they experience a different speed and different gravity acceleration while gliding.

Purchase of materials and compensation of new employees are going to be funded with the grant provided by Operation program “Innovation and Competitiveness 2014-2020,” procedure BG16RFOP002-1.005 “Product and Production Innovations.” The grant consists of 829 387.70 BGN financing from the European Union and 146,362.55 national financing.