At the initiative of Sofia Municipality ‘Startup Sofia Accelerator’ starts its activity in support of innovative, start-up and social entrepreneurs on the territory of Sofia Municipality. Its goal is to support entrepreneurs or startups for a period of 3 to 5 months in their process of preparing for application for funding from banks and investors.
The initiative will be implemented with the participation of the Municipal Guarantee Fund for Small and Medium Enterprises (MGFSME), the Europe Program and Sofia Investment Agency.
Sofia Municipality has also announced the establishment of a Consultative Council in support of SMEs through financial instruments to Mr. Doncho Barbalov, Deputy Mayor of the Finance and Economic Activity Division. The Council for Encouraging Entrepreneurship will primarily aim to implement the policies of the municipality to support small and medium-sized businesses through financial instruments and stimulating entrepreneurship in the capital.