Robotics Strategy Forum 2019 is the first of its kind specialized forum on robotics and automation in Bulgaria, which aims to gather all stakeholders and build a comprehensive strategy for the robotics sector in Bulgaria.
The event will be held jointly by the Professional Association of Robotics and Automation (PARA), the Bulgarian Small and Medium Enterprises Promotion Agency (BSMEPA), and the hosts at the Inter Expo Center on October 22nd.
Leading Bulgarian and international experts in the field of robotics, automation, machine learning, simulations, autonomous systems, infrastructure for electric vehicles and many more will join the Forum as speakers.
The panels will be joined by representatives of the government administration, the Bulgarian industry, educational institutions, international strategic investors, consultants, industrial zone managers and start-ups.
For more information about the Forum, please visit the official website of the event.
The event is free of charge, but requires pre-registration here.
Sofia Investment Agency is pleased to announce that CEO Mr. Vladimir Danailov was invited to speak at BIOTECH ATELIER – the one-of-a-kind event in the biotechnology field in Bulgaria that will be held on the 25th of September 2019 at the John Atanasov Innovation Forum, Sofia Tech Park. Vladimir Danailov will join the panel discussion “Access to Funding for Startups and Mature BioTech Companies in Bulgaria”.
BIOTECH ATELIER 2.0 will bring together international experts with experience in the areas of: advanced therapy medicinal products (ATMPs), artificial Intelligence and machine learning in medicine, the MEGA project, personalized medicine, biomarkers and biobanking, medical practice data (RWD / RWE), clinical trials, patient advocacy, access to funding and more.
The purpose of the initiative, organised by Prescriptia and the Bulgarian Association for Personalized Medicine (BAPEMED), is to once again bring together leading Bulgarian and international experts focused on innovation and entrepreneurship, catalyzing the growth and development of the Bulgarian and Southeastern European biotechnological ecosystem. The founders of BIOTECH ATELIER are convinced in the potential of life sciences and biotechnology, and believe that the key to successful development of the environment is in the international collaboration between science and industry. Both sides will have the opportunity for a direct dialogue on the day of the event.
This year, the Biotech Atelier will also organize 2 additional events – Intellectual Property and Technological Transfer on September 24th, organised with the British Embassy, and Computer Validation in the GMP Regulatory Standard, organised by Pharmalex Bulgaria and the Bulgarian Association of Qualified Persons on October 2nd and 3rd.
You are welcome to become part of this ambitious event, dedicated to the biotechnological business and science innovation in the region.
To register for the event, please visit its website: biotech-atelier.com
For more information and sponsorship opportunities, please contact Mr Miladin Ivanov, e-mail: firstname.lastname@example.org, mob.: +359 896 51 02 63.
Bulgarian companies are invited to join PropTech Vienna with a 10% discount premium entry fee. The event is one of the largest international proptech events in Europe and this year will take place on November 07 in Vienna.
PropTech Vienna will be the venue of well-established companies in the construction industry, real property sector, Facility Management, Asset Management, information technologies, proptech startups and scale-ups, venture capital funds, university representatives in such industries and areas, plus, organizations as vendors to the proptech business.
The event is:
Bulgarian companies and organisations may join the forum taking advantage of a premium entry fee to the event accessible through PrEXCELerator Bulgaria – the exclusive communication partner for the event in Bulgaria.
To get your premium code, please fill in the form here.
PropTech Vienna ranks amidst the foremost international proptech conferences in Europe. A single day is just as long for you to enjoy the delivery of over 50 leading lectors presenting in parallel tracks. Speaking of which, some of the tracks on this year edition come as follows:
In need of further details, contact directly PrEXCELerator Bulgaria: Sylvia Pavlova, Managing Partner, mob. + 359 887 16 18 00, e-mail: email@example.com
PrEXCELerator Bulgaria admitted 12 participants with technology start-up ideas in its first edition for 2019 which launched on June 24. All but one of the selected participants are from Sofia.
This is the first pre-acceleration environment in Bulgaria targeting three groups of start-up companies:
(1) Start-ups in the stages proof-of-concept & minimum viable product (MVP);
(2) Distressed start-ups looking for a way to pivot in a protected environment;
(3) Start-ups who want to move from the validation phase to the fully operational phase as an independent legal entity.
The ideas approved for the June edition of PrEXCELerator Bulgaria are in the following areas: PropTech, HRTech, EduTech, Creative Industries, Social Digital. The start-up solutions involve the use of virtual and added reality (VR & AR), match-making platforms, machine learning & data science, artificial intelligence (AI), etc. A large number of projects combine at least two digital technologies to implement the envisioned solution.
Only one of the start-ups has a solution that will be limited to development in Bulgaria. The other projects have international potential and imply global application.
The first pitching session, part of the pre-accelerator programme, has already taken place. The event was held on July 8 at Puzl CowOrKing in Sofia and the start-ups could meet with industry experts and innovative entrepreneurs – members of the Advisory Boards of PrEXCELerator.
Upon ending its participation in PrEXCELerator Bulgaria, each start-up will:
– be able to make an informed choice between several funding options accessed through the pre-accelerator ;
– be directed towards an international partner of PrEXCELerator for business development;
– have a team (in cases where the start-up is represented by an individual participant with an idea and who is the only founder in the company);
– be fully prepared to pitch its project to investors at a high level;
As the start-ups demonstrated a great interest in the opportunities offered by PrEXCELerator Bulgaria, the pre-accelerator has just opened a second application window for the autumn session of the programme, which will start on October 31.
PrEXCELerator Bulgaria provides solutions tailored to the specifics of each individual start-up for:
– international business development in the UK, Germany and Austria for start-ups with ideas with international potential;
– the areas of PropTech & ConTech, BioTech (Life science), Social Digital, EduTech, Industrial Engineering & Manufacturing;
– access to international mentoring and start-up resources for female entrepreneurs;
More information on the pre-accelerator
Тhree final and one preliminary agreements with investors were signed by the National Company for Industrial Zones for the Sofia-Bozhurishte Economic Zone this summer, according to a report by National Company Industrial Zones PLC. The total value of the investments is BGN 52 million and their realisation will create 100 new jobs in the industrial zone.
Zora Logistics MMC OOD will invest BGN 17 million in the construction of storage facilities.
AIKO EOOD is also boosting its warehouse space requiring an investment of BGN 15 million for the construction.
RGC Invest has earmarked BGN 16 million for the construction of a logistics centre and ancillary office buildings.
The fourth project belongs to LIM Technics OOD and is related to the expansion of the company’s activities at Sofia-Bozhurishte Zone. It will build its own production and office building for BGN 4 million. The company manufactures silicone products for the automotive industry, medical devices, household appliances, electronic devices and others.
Another company, Multivac Bulgaria Production, that has been a part of the industrial zone since 2016, also made an investment. The Bulgarian subsidiary of the German leader in packaging solutions Multivac invested EUR 2.5 million in new machines and another 20 jobs in its manufacturing plant in Bulgaria, which is the group’s first to be located east of Germany.
Impetus Capital, a Sofia-based private investment company, will operate the first alternative investment fund in Bulgaria.
The fund is named ImVenture II KDA and will support growing Bulgarian companies in industries that account for over 70% of the growth of the Bulgarian economy: information technology and computer science; modern trade; production (including fast moving consumer goods and food); transport and Logistics and services like fintech.
The fund, that is already registered with the Financial Supervision Commission, will focus on growing, innovative, export-oriented Bulgarian private companies. It will provide up to 90% of the investments and will assist with the preparation for initial public offering of shares (IPO) on the Bulgarian Stock Exchange.
Currently, private equity firm Impetus is involved with capital and management support in companies including transport specialist Discordia; Alterco, which manufactures products in the IoT segment with sales in 65 countries; Excitel – the fastest growing Bulgarian company in India with over 220,000 users, biometric solutions company Biodit; Browswave – a company specialising in price positioning and market analysis; A4E which focuses on forecasts of business sales and consumer risk assessment and Bioseek – a semantic search engine in large databases with application in medicine.
See more in Bloomberg TV Bulgaria’s interview with Victor Manev, a partner at Impetus Capital.
Proznanie Foundation is looking for sponsors and mentors for its Teenovator project – a programme focused on creating and facilitating start-up clubs at Bulgarian high schools.
The initiative is supported by Bulgarian Entrepreneurship Center (BEC) and is part of the international U School network, which is represented by 200 start-up clubs at schools around the world. The programme has all the licenses and permissions from the Ministry of Education and the Regional Inspectorate.
In school year 2019/2020, Teenovator will expand the programme into more than 20 schools in Sofia, Varna and Vratsa. You can check who the mentors for the next year are here.
How to support
The project is looking for more passionate associates who share the vision that the startup culture should be nourished and encouraged. If you are a founder or an entrepreneur who would gladly share business insights and know-how with talented young people, follow the Application form on the website of the initiative.
If interested to support the programme financially, please follow the link.
More about Teenovator
At Teenovator, start-up companies, founders, and entrepreneurs from different business fields mentor students who are in the 10th and 11th grades. The mentors help the students find their passion and turn it into a successful start-up project. Teenovator is implementing successful practices from Stanford University. The programme is focused on developing the students’ creative thinking skills and boosting their confidence. The programme runs during the school year and at the end of each year, there is a national and international pitching competition.
Teenovator aims at teaching soft skills, creative skills, teamwork, as well as helping students develop a business idea, design a business model, build an execution plan, pitch in front of investors.
In 2018/2019, Teenovator started in four elite Bulgarian high schools: Sofia High School of Mathematics, High School 19 “Elin Pelin, High School 105 “Atanas Dalchev” and High School 32 “St. Kliment Ohridski”. The teaching began in October 2018. Eighty people in total started the education, fifty of whom continued and graduated.
In January 2019, Teenovator organized a mid-term event called Startup Weekend. It took place at Sofia Tech Park and was opened by EU Commissioner Maria Gabrielle. Kids from all 4 schools had to form teams and pitch their ideas in front of judges in competition with Slovenian teams. Team Headstarter from Sofia High School of Mathematics won the prize
The Investment Council of the Bulgarian Chamber of Commerce and Industry is looking for Bulgarian investment projects to present to potential investors in the framework of an investment seminar on October 10, 2019 in Milan, Italy.
Project information should include: a short presentation in English, project business case, amount of investment pursued (equity and / or debt), offered share of the business, financial forecasts, market forecast, required resources for project development / human, material , market, financial /, ROI data, contacts.
Projects must be emailed to: firstname.lastname@example.org, email@example.com.
For further information, please contact Gabriela Dimitrova, Secretary of the Investment Council at the Bulgarian Chamber of Commerce and Industry, tel: 02 8117 489 or Vladimir Tomov, President of the Investment Council at the Bulgarian Chamber of Commerce and Industry, tel: 0899 707475
The application deadline for funding under two programs of the Research Fund of the Ministry of Education and Science is approaching.
The program “Excellent Research and People for the Development of European Science” is aimed at scientists who wish to organise their own independent research team or research program. The estimated budget is BGN 1 235 000 and will be distributed among 8 scientific panels: Chemistry, Social Sciences and Humanities, Economics, Informatics and Engineering, Environmental and Earth Sciences, Life Sciences, Mathematics, Physics. The budget for each project will depend on the duration of implementation and can be up to BGN 5,000 per month.
/Information for the call in English:www.fni.bg/956 /
The program “Peter Beron. Science and Innovation with Europe” is aimed at the career development of promising scientists with internationally recognised scientific results. The indicative funding budget is BGN 1 425 000.
/Information for the call in English: www.fni.bg/959 /
The deadline for submitting proposals for both programs is September 20.
Start-ups and social enterprises can access BGN 25 million from the Fund of Funds through the selected financial intermediaries First Investment Bank (BGN 19.3 million), Microfond (BGN 3.23 million) and SIS Credit (BGN 2.84 million). Microcredit will also be available to vulnerable groups and young people aged up to 29 with an own business plan.
The loans are granted with the financial instrument “Micro-credit with shared risk” of the Operational Program “Human Resources Development”. Around 850 companies will be able to receive between BGN 5,000 and BGN 49,000 with a repayment period of up to 10 years and a grace period of up
The new office space in Sofia completed in the first half of 2019 was about 107,000 m2, according to data from Cuѕhman & Wakefield Forton. The trend for leasing buildings still under construction continues to dominate the market.
The total built stock of class A and B space reached 1.925 million m2, and IT and BPO companies remain the most active tennants on the market. Because of their dynamic growth, they seek larger spaces or spaces to bring their units together.
In the first six months of the year, the available office space in Sofia was about 9.9%. It is expected activity on the lease market to grow over the third and fourth quarter, and the long-term forecast is for a slight increase in the available spaces, which will then lead to a reduction in asking prices.
The assessment of Сuѕhmаn & Wаkеfіеld I Fоrtоn is that the office space market in the capital has entered a mature phase with a steady demand and activity. There is a slight increase in unoccupied premises of Class B since tenants are interested in improving their working environment by migrating to Class A space.
In the second quarter of 2019, the office space under construction in Sofia 404,000 m2. According to Cushman & Wakefield Forton, 90% of these projects are located on key boulevards and in areas with good transport connections.
Rents for prime office space in Sofia were stable in the first quarter – EUR 15/m2 for central business districts (CBD) and EUR 13-14 / m2 for non-CBD areas. Prime office yields remained stable at 7.5-8% in the first half of 2019.
You can find all data about the first half of the year of Сuѕhmаn & Wаkеfіеld I Fоrtоn here.
IOT BULGARIA SUMMIT 2019
IoT Bulgaria Summit 2019 is a community event that will take place on Saturday, September 14, 2019 for the fourth time in Bulgaria.
It is one day event focused only on Internet of Things. The conference will be hosted at the Microsoft Innovation Center.
Stay in touch with the latest news at IoT Bulgaria Summit 2019.
SECURIT: INFOSEC & DATA STORAGE
The conference SECURIT: InfoSec & Data Storage will gather IT managers and experts from all segments of the economy: Directors and Information Security managers; Risk Management managers; Infrastructure managers; System architects; Security engineers; IT managers; IT auditors; Information security auditors; Consultants.
This is the 18th edition of the event, organised by ICT Media and ISACA Sofia Chapter.
BIOTECH ATELIER 2.0
Prescriptia and the Bulgarian Association for Personalized Medicine (BAPEMED) organise for a second consecutive year the high-profile event Biotech Atelier. The event will bring together leading international experts, entrepreneurs, business leaders, visionaries, and investors in the field of value-based healthcare, intellectual property, biotech entrepreneurship, business leadership and many more.
Sofia Investment Agency is pleased to announce that CEO Mr. Vladimir Danailov was invited to speak at BIOTECH ATELIER. Mr Danailov will join the panel discussion “Access to Funding for Startups and Mature BioTech Companies in Bulgaria”.
Each panel of Biotech Atelier 2.0 will be organized as an open discussion between the audience and several speakers on the stage on topics such as Advanced Therapy Medicinal Products (ATMPs), AI in Medicine, Biobanking, Personalized Medicine, Active Patient Involvement, Funding Opportunities, IT and Life Sciences, Gene Therapies and implementation in difficult markets and much more.
In addition to the main event, this year there will also be training & workshop pre-event, focused on ‘Intellectual Property&Technology Transfer’. The pre-event is a result of a collaboration between Biotech Atelier, the British Embassy in Sofia and the UK Science&Innovation Network in Bulgaria. It will be held on Tuesday, 24 September 2019.
Speakers list, full agenda and tickets: biotech-atelier.com
FORUM SECURITY WITH AUSTRIAN COMPANIES
The Commercial Department at the Austrian Embassy in Sofia, supported by the Ministry of Defense and the Ministry of Economy, organizes a Bulgarian-Austrian Industrial Day for companies looking for partnerships in the Security and Cybersecurity sectors.
An Austrian delegation of 11 companies will visit Bulgaria and present their products and know-how. You can find the list of the Austrian companies here
For a second year in a row, Sofia Municipality’s Green Sofia and Cleantech Bulgaria launched their electric bike rental service. This year the locations are two: the parking lot of the swimming pool in Dianabad and the parking area behind the National History Museum in Boyana. The service will be provided by the end of October by the companies Eljoy Bikes and Eldrive. Partners also include E-Mountain Bike, which provides a new generation of mountain electric bikes for those who wish to ride in Vitosha with a mountain bike.
A bicycle can be booked via call at 0885151928 or on the website rentebike.bg.
More than 200 new parking spaces for bicycles, mopeds and scooters are being set up in downtown Sofia. Most places are in the Blue and Green areas for paid parking. In the autumn, spaces in pedestrian areas are planned, and later within the residential areas.
The initiative aims to improve bicycle infrastructure and promote micro-mobility. The parking spaces are free of charge and will be featured in the Lime app. In August, the company launched the first private sharing service for electric scooters with a fleet of 150 e-scooters. Several more Bulgarian and foreign companies are expected to start offering the same service in Sofia.
The Sofia City Council approved the development of a Detailed Development Plan for the construction of a new neighbourhood west of Gorublyane.
According to the project, the new neighbourhood will be 143 ha in size. It will be border Sofia Ring Road to the south, Iztochen Park to the west, boulevard Copenhagen to the north and Gorublyane to the east.
The plan includes construction of small-scale housing, multifunctional and manufacturing zones, landscaped areas.
Unique archaeological findings, part of the fortress walls of ancient Serdika were discovered in a private property in the centre of Sofia on Exarch Yosif St., a few metres from the mineral water fountains.
According to archaeologists, the finds are of exceptional value. They are part of the second fortress wall of ancient Serdica. Many coins were found, as well as two incomparable artefacts – a figure of the god Eros with a torch and a round vessel with a large handle ending with a pig’s head. The finds are dated to the end of the second – the beginning of the third century.
CEEC launches operations, representing 11 EU Member States from Central and Eastern Europe in Singapore
The Central and Eastern European Chamber of Commerce (Singapore) – CEEC officially launched operations and is now open to membership applications. The project initiated by EuroCham over a year agoр aims to create a platform in Singapore for companies and individuals to connect, network, develop and strengthen common business interests and opportunities between each other, Central and Eastern Europe (CEE) and Singapore, and Southeast Asia.
A Strong Start with an Experienced Team
The Board of CEEC already includes members from Bulgaria, Hungary, Latvia, Poland and Singapore. The full list of the members of the Board can be found here. The Chamber will welcome more additions soon in order to represent the entire Central and Eastern European region. “We are extremely excited to begin this chapter. The countries from Central and Eastern Europe were critically underrepresented in Singapore and we hope that CEEC (Singapore) can change this dramatically for the better”, said the first elected President Mr. Martin Angelov, who will remain on the Board of EuroCham Singapore, representing CEEC.
Kristina Anguelova, formerly EuroCham’s CEEC Project Manager has been appointed as Executive Director of the Chamber. “Kristina has tremendous knowledge and experience concerning all relevant stakeholders and the ecosystem, she headed the project for the European Chamber of Commerce and has contributed immensely to the creation of the Chamber. It was a natural progression “ said Mr Angelov.
The Central and Eastern European Chamber of Commerce (CEEC) is a non-profit and non-governmental organization registered with the Registry of Societies (ROS) in Singapore with the vision to strengthen the relationship between Central and Eastern Europe and Singapore. “From the total of the 11 EU Member States from Central and Eastern Europe (as classified by the Organisation for Economic Co-operation and Development (OECD)), there are only 3 embassies and only 4 trade offices in Singapore. For a long time there has been a need to create a dedicated structure. CEEC’s undertaking will be to assist the underrepresented countries and to enhance awareness between the two regions.” says Kristina. “Furthermore, the recently signed and ratified EUSFTA will also play an important role in CEEC’s mission. There are many opportunities for Singapore companies and investors in CEE.” added Mr. Angelov.
In 2019 the Chamber plans on facilitating various business, industry and social events to encourage cross-cultural relations between