3.10 Promotion of Entrepreneurship Culture
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Special events and activities
The Bulgarian Center of Practice Enterprises is a state specialized unit for organizational and methodological support at the Ministry of Education and Science. It is funded by the state budget, EU funds and programs and other sources.
It organizes annual TF Fest – International Practice Enterprises Trade Fair Young Entrepreneur. This is a professional competition with the participation of school and university students. The forum presents the results of the integrated training in economics, information technologies, business administration and foreign languages. The participants demonstrate their competences in real business environment by carrying out negotiations, entering into transactions, presenting products and services and performing payments (fictitious).
Acceleration and Start-up Financing Fund (Фонд за ускоряване и начално финансиране) supports entrepreneurship and growth capacity of small and medium-sized enterprises. It improves young and developing entrepreneurs’ access to funding and supports the transition of the Bulgarian economy to a knowledge-based economy. Projects are funded under Innovations and Competitiveness Operational Program with resources from the European Regional Development Fund and national resources.
Networks and partnerships
The Innovation Academy is the biggest public-private educational partnership among organizations from private, academic, public and NGO sector in Bulgaria. The project develops student entrepreneurial skills and supports financially their first business ideas. The 12th Innovation Academy in Bulgaria will be held in 2025. The 2025 edition is organized in partnership with the European Commission, 15 Bulgarian universities and the Rector’s Council in Bulgaria. The main goal of the Innovation Academy is to become an outsourced center for shared knowledge between the Bulgarian universities. Historically, the project has started in 2014 in partnership with one university in Sofia. In 2025, it is organized at national level in partnership of more than 15 universities and 50 local and international partners.