Crimson Capital News Details

November, 2020

Promotion of the First Investment of Business Accelerator UKIM (BAU), North Macedonia

On November 26, 2020, BAU held a promotional event for their first equity investment. BAU invested EUR 100,000 in Elevate Global, a startup in North Macedonia, which, using Artificial Intelligence (AI), provides data steaming analytics for autonomous prediction and anomaly detection for the Energy, Telecommunication and Manufacturing sectors. In addition to the investment, BAU will support Elevate Global in business development, and fundraising for additional investment rounds.

Business Accelerator UKIM (BAU) is a business-technology accelerator established to identify and support the growth of the most promising technology entrepreneurs and startups in North Macedonia. BAU was co-founded by the Crimson Development Foundation and is co-financed by the Fund for Innovation and Technology Development of North Macedonia.