F4 Foils, a leader in cutting-edge water sports equipment, is thrilled to announce that it has been awarded funding under the European Union’s innovation financing program. The funding will be directed towards the expansion of F4’s factory, enhancing its capacity to produce high-performance surfboards and foils for global markets.
This investment aligns with the EU’s commitment to fostering innovation and sustainable growth within European enterprises. By increasing its manufacturing capabilities, F4 aims to meet the growing demand for advanced water sports equipment while maintaining its reputation for quality, precision, and environmental responsibility.
“We are honored to receive this support from the European Union,” said Nikola Mihaylov, General Manager of F4 Foils, Ltd. “This funding enables us to scale our operations, innovate further, and create more jobs within our community. It’s a significant milestone in our mission to lead the water sports industry into a more sustainable and dynamic future.”
The expansion project will focus on integrating advanced production technologies and environmentally friendly practices, ensuring that F4 remains at the forefront of innovation in the water sports sector. The new facility is expected to be operational by Q3 of 2025, increasing production capacity by 120% and contributing to the local economy.
F4’s cutting-edge surfboards and foils are recognized worldwide for their superior performance and craftsmanship. This latest development solidifies the company’s position as a global leader and a proud ambassador of European innovation.
