A New Guidebook by Invest Sofia: Startup and Innovation Ecosystem in Sofia


Тhe new guidebook “Startup and innovation ecosystem in Sofia” is already available for download from the website of Invest Sofia. The document contains information for the entrepreneurship environment in the capital, the advantages for startups, the access to funding and the organisations in support of the business in the city.

“Startup and innovation ecosystem in Sofia” contains a list and direct links to:

  • Co-working spaces
  • Accelerators and incubators
  • Governmental and municipal authorities, associations and foundations, networks and platforms in support of the entrepreneurs
  • Venture capital funds, business angels and other funding organisations
  • Startups in Sofia
  • Bulgaria and Sofia in the global media and rankings


We believe that the provided information will be beneficial for the promotion of Sofia and Bulgaria as business destinations and it will be useful for all of the investors and entrepreneurs who would like to seed and develop their ideas in Sofia.




If you have additional questions about the published report or other data concerning the entrepreneurship environment in Sofia, please do not hesitate to reach us at the following address: contact@investsofia.com


Invest Sofia Sharing Its Experience in the Digital Cities Challenge Project at the European Cluster Conference



By invitation of the organisers, Vladimir Danailov, the Executive Director of Sofia Investment Agency, participated , at the invitation of the organisers, in the European Cluster Conference which was held on 14th May in Bucharest, Romania. The invitation was extended to the Agency following a  recommendation from the European Commission about the good performance of our team in managing Sofia’s participation as a city in the Digital Cities Challenge project.

The European Cluster Conference is organised by the European Commission and discusses current and future cluster policies and priorities in order to continue to support sustainable industrial modernisation and interregional cooperation. This year’s event was dedicated on topics such as digitalisation and skills gap, circular economy, shared value and social impact. Every year, representatives of local and European institutions, cluster organisations, small and medium-sized enterprises, etc., are involved in the conference.

Vladimir Danailov participated in the panel discussion Promoting Strategic Interregional Cooperation and talked about the experience gained in the Digital Cities Challenge programme that aims to build cooperation between cities on their way to the elaboration and implementation of their individual digitization programmes.

At the end of 2017, Sofia Investment Agency won a place for the capital in the mentoring initiative of the EU along with 42 European cities. By the management of the project during the last 18 months, our team have managed to establish international contacts , as well as create an image for Sofia as a city that is ready for the digital transformation of the business environment.

The Digital Transformation Strategy for Sofia, prepared under the European Commission’s mentorship, is in the process of being finalised and the official document will be completed  by June 5, 2019, when the high-level Conference ‘Digital Cities Challenges: Strategy for European cities in the 21st century’ will be held in Brussels. The event will mark the work of all cities in the initiative, and the CEO, Mr. Vladimir Danailov will take part in the discussion ‘Success Stories for Market Creation through the Digital Cities Challenge’ that is part of the panel The Cities As Market Creators.



Invest Sofia to Take Part in Digitalisation Conference in Vienna


Sofia Investment Agency will participate in the programme of the Digitalisation Conference, that will be held on June 18-19, 2019, in Vienna, Austria. The participation is at the invitation of Vienna Municipality and Eurocomm PR – the office for international relations of Vienna.

On the second day of the conference, CEO Vladimir Danailov will take part in the panel discussion on the topic E-government and European Municipalities. Jaroslav Bulka,  representative of the city council of Krakow, will also participate in the discussion in relation to the issues of digital transformation  Another participant will be Robin Heilig, project manager at Sag’s Wien. He will talk about the application that allows reporting to the Municipality by Vienna citizens.

The Digitalisation conference is part of the annual series of events – the European conferences of cities (ECC), that are organised by Eurocomm PR on behalf of the city of Vienna. The conferences are currently dedicated to the issues concerning municipal administration and services of public interest. For the events, Vienna welcomes experts from the urban institutions from Central and Southeastern Europe.

Here you can find full agenda and speakers.




Sofia Joins 150 top tech startup cities at TNW2019

Due to a special invitation from the organisers of The Next Web festival (TNW Conference 2019) a team from the Invest Sofia took part in the annual StartupCity Summit during the conference on May 9-10 in Amsterdam.

Together with representatives of more than 150 of the world’s most active startup cities from around the world, Invest Sofia team participated in the work groups during the Summit, which is part of the festival’s program for a third consecutive year and is considered to be the place to share insights, and discuss the current and future role of local governments in creating flourishing tech ecosystems.

More than 250 representatives from the participating cities discussed how to overcome the tech challenges we face today, how to promote female entrepreneurship and women in tech, explore new ways to help startups go global, create international partnerships, and much more.

During the round tables, we shared good practices from Sofia, how many of the startup founders are women entrepreneurs and what percentage of the employees in the IT sector are women. In the panel Round Table 2: Creating a clear ecosystem identity and branding on a global scale, we discussed the experience of Sofia with representatives from cities such as Seoul, Rome, Helsinki, Madrid, Zurich, and others.

The invitation to our team and Sofia as a city, to join the meetings on May 9-10 in Amsterdam is considered to be a huge acknowledgment.

All the valuable insights, key learnings, and takeaways that were shared during the StartupCity Summit roundtables are available here.