Sofia is Among the Brain Business Hubs of Europe
Sofia Included in the International Project of Bloomberg Philanthropies for Digital Transformation Management 

Funding Opportunities


Start-ups across Europe can apply for the EU-Startups Summit 2020 until February 29. The winner will receive a prize package of €75,000 and will be featured n EU-Startups and other prestigious publications on starting business, entrepreneurship and investment. 

A total of 15 start-ups will be eligible to compete for the prize. They will have the opportunity to present their idea, product or service in three minutes to an audience of investors, developers, the media and an expert jury on May 28-29 in sunny Barcelona. 

The applying start-ups must be at early stages of development (pre-seed or seed stage), based in Europe, founded no more than two years ago and they should not have received any previous funding (or if they have, it must be under € 500,000).

The application page is here


At the end of this year, companies will be able to apply for EU funding ranging from BGN 100,000 to BGN 1 million under the „Support for the introduction of innovation in enterprises” procedure of Operational Program “Innovation and Competitiveness”. The funding is for projects focused on the introduction of innovative processes, products and services.

The total volume of the budget available for beneficiaries is EUR 60 million. The procedure will support projects of micro-, small-, medium- and large enterprises with a minimum of three completed financial years (2016, 2017 and 2018). They may be from all sectors of activity, but the project itself should fall into one of the priority areas of the Innovation Strategy for Smart Specialisation (IS3): Mechatronics and Clean Technologies, Informatics and ICT, Industry for Healthy Life and Biotechnologies, New Technologies in Creative and Recreational Industries. The implementation period is 18 months.

Projects should focus on product innovation implementations (goods or services) or business processes innovation. The innovation must be a protected industrial or intellectual property. The program will cover costs for machinery, facilities, equipment, as well as long-term intangible assets such as specialised software, patents, licences, know-how, etc. Costs for consultancy services related to the process of innovation implementation will also be covered.