THE BULGARIAN ECOSYSTEM

Supporting founders to accomplish their missions...

VALUE FOR MONEY

The cost-effectiveness of the Bulgarian market is highly aprreciated by founders: - 10% corporate income tax - Fixed maximum social security - Very high living standard in tech

TALENT

Bulgaria has a huge pool of highly educated and skilled specialists in tech: - International experiece / education abroad - 13th rank worldwide for best developers - 20th rank worldwide for proficiency in English

EASE OF DOING BUSINESS

Setting up business in Bulgaria does not require much cost, time and effort: - Low minimum capital (1 lv for an Ltd) - Low registration costs (around 100 lv per entity) - Endorsed by 79% of founders in the European Startup Heatmap

FEATURED VIDEO

FUNDING & INVESTMENTS

Despite the global decline in fundraising, Bulgarian VC funds have had quite a run in 2022. Sofia ranks 3rd in Europe when it comes to cost-effectiveness and foreign direct investments strategy, according to the fDi European Cities and Regions of the Future 2020-21 report.

NETWORKS

The Bulgarian startup ecosystem is a place for collaboration, partnerships and opportunities: - Support from local accelerators & associations - Regular meetups and events - Support from municipalities & universities

FEMALE FOUNDERS

The number of female founders per capita is a huge indicator for ecosystem health. Here, Bulgaria ranks at the first place with 25% female founders according to startupheatmap.eu

HEATMAP TRUST SCORE

Based on the recommendations of over 700 surveyed founders

Sofia is the 27th most trusted among 64 European startup hubs

VALUE FOR MONEY 86/100

76% FOUNDER ENDORSEMENTS

16th RANK

FEMALE FOUNDERS 100/100

25% FEMALE FOUNDERS

1st RANK

SOURCE:

STARTUP HETAMAP EUROPE
BY DEEP ECOSYSTEMS
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UNIVERSITIES

Bulgaria has a long tradition in educating best in class IT-and tech-specialists. Partner up with public and private universities to boost international collaboration and in EU-funded projects.

STARTUPS

Entrepreneurship in Bulgaria is thriving and we have quite a few game-changers in our list, that might be a perfect fit for your accelerator or innovation community.

THE ASSOCIATION

Join the Bulgarian Entreprneur Association to get additional support for your startup and get a chance to communicate, collaborate and position yourself within the Bulgarian ecosystem.