Bulgaria
Institutions
Source: European Innovation Scoreboard
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European Innovation Scoreboard
According to the fDi European Cities and Regions of the Future 2020-21 report, the Bulgarian capital Sofia ranks 3rd in Europe when it comes to cost-effectiveness and foreign direct investments strategy.
Source: EU Regional Innovation Scoreboard The map shows the different Regions in Poland ranked bei RII (Regional Innovation Index).
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Regional Innovation Scoreboard
Institutions & Funds
Investment Guide
Incubator Programmes
Innovation Starter Accelerator
​Innovation Starter Accelerator is a financing acceleration program, with a mandate to provide access to equity and quasi-equity financing to Bulgarian start-up companies with entirely private capital. The accelerator is powered by the team of the first Bulgarian innovation agency – Innovation Starter, which owns the projects Innovation Explorer Forum and Innovation Academy as well as the support of corporate partners.
Raiffeisen Elevator Lab
​Raiffeisen Bank Bulgaria is part of Raiffeisen Bank International’s Elevator Lab Partnership Program – the largest corporate fintech program in CEE. This year, Raiffeisen Bank Bulgaria together with Raiffeisen Bank Romania offers this Elevator Lab program:
Venture Capital Funds
AE Ventures
An investment company focusing on funding early-stage projects, as well as driving collaboration and growth of the entire blockchain ecosystem.
Blackpeak Capital
A private equity co-investment fund focused on investing growth equity in fast-growing Southeast European SMEs.
BrightCap Ventures
An early-stage venture capital firm investing in companies with defensible technology and significant global growth potential.
CEO Angels Club
A group of senior executives and entrepreneurs related to Bulgaria investing their own money in early-stage startups in return for equity.
Eleven Ventures
A pre-seed and seed VC with a focus on entrepreneurs from Southeastern Europe, that has 300+ mentors as well as 300+ startup founders coming from more than 20 countries as part of its alumni network.
Empower Capital
A €21m fund financed by the European Investment Fund with the mandate to provide unique access to equity and quasi-equity funding to growing Bulgarian companies.
Impetus Capital
A privately held investment company, specialized in private equity, which invests in small and mid-market companies.
Innovation Capital
A €15.6m venture capital fund with the mandate to provide access to equity and quasi-equity funding to Bulgarian companies.
LAUNCHub Ventures
An early stage VC actively investing in SEE and CEE tech startups in Seed and Series A stages that recently announced €44m first closing for a new fund whose total target size is €70m.
Morningside Hill Fund
A €38.5m fund managed by the Funds of Funds that invests in equity (or equivalent) minority positions.
NeoVentures
An open-ended investment company with entrepreneurial capital that invests in early and later stage space, AI, and health startups.
New Vision 3
A €23m fund that invests in the fields of Fin-Tech, AI, Blockchain Technologies, and Shared Economy.
PostScriptum Ventures Bulgaria
A VC with a broad portfolio of sustainable investments in the energy sector.
Sofia Angels Ventures
A €13m VC fund backed up by the European Investment Fund, focusing on seed-stage startups from Bulgaria, SEE, and CEE, and aiming to co-invest alongside angels.
Urban Impact Ventures
A new Bulgarian-Dutch impact investing fund focusing on urban tech startups.