On October 22, following an official meeting of Sofia Mayor, Mrs. Yordanka Fandakova, and the mayor of Vienna, Mr. Michael Ludwig, the two cities signed a City-to-City Agreement to provide business support to companies that want to start operations in the partner capital. The agreement targets companies from various sectors, such as Financial technologies, ICT, Creative Industries, Biotechnology and Life Sciences, and others.
The agreement was signed by the executive directors of the business agencies of the two cities – Mr. Gerhard Hirczi, managing director of Vienna Business Agency and Mr. Vladimir Danailov, CEO of Sofia Investment Agency. Under the agreement, entrepreneurs from Sofia, willing to start business in Vienna and companies from Vienna that want to launch operations in Sofia will receive initial support for a co-working office, information, contacts with investors and participants in the ecosystem in the respective sector, accommodation in the city, etc.
#Wien und #Sofia vertiefen die #Zusammenarbeit in Sachen #StartUps. Ein besonderer Schwerpunkt des „City to City Agreements“ … https://t.co/nZBnx83R0w #Städtekooperation #SmartCity #Wien #EurocommPR pic.twitter.com/JSbMNo9kcN
— EurocommPR (@EurocommPR) October 23, 2018
The agreement was signed within the framework of the parallel event 25-hour Vienna. Eleven Bulgarian fintech and biotech companies, accompanied by the Mayor Yordanka Fandakova, took part in a series of business meetings with Austrian organizations and companies. The two-day program aimed to introduce Vienna’s business environment to Bulgarian entrepreneurs, to help them establish key contacts with local partners and to discuss opportunities for cooperation.
In the Vienna Business Agency’s Expat Center the Bulgarian companies had the opportunity to learn more about the opportunities for business in the Austrian capital and how to set up operations in the city. The presentations were attended by experts from Vienna Business Agency, multinational professional services networks, as well as Invest in Austria – the national investment promotion company, providing professional consulting services to foreign companies that intend to establish subsidiaries or main offices in Austria.
The Sofia-based companies also visited weXelerate – the largest multi-corporation accelerator in Europe, which provides companies with free support aimed at facilitating sales, growth and entry into new markets. WeXelerate also held a conversation with Speedinvest , a new pan-European vertical venture capital fund.
Sofia’s fintech companies also met with the team of Elevator Lab – the largest corporate fintech accelerator in Central and Eastern Europe, created by Raiffeisen Bank International. The accelerator aims to find the best