Crimson Development Foundation (CDF) has been awarded a co-financed grant for development and management of a business-technology accelerator by the Fund for Innovations and Technology Development of the Republic Macedonia. In partnership with the Ss. Cyril and Methodius University (UKIM), CEED Hub Skopje, RSM Macedonia and Foundation Stamboliev, CDF has established the Accelerator UKIM, whose mission is to help technological entrepreneurs, startups, and spinoffs from the university and beyond to scale up to international markets, through the provision of business and technology acceleration services, and smart investments.

The Accelerator UKIM will offer pre-acceleration and acceleration programs, and will manage a EUR 530,000 fund for pre-seed and seed investments and early stage financing for technological entrepreneurs, startups and spinoffs.