30 март 2015

Bulgaria’s JEREMIE experiment

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As the pilot JEREMIE programme for funding startups in Bulgaria wraps up its first stage, inventures takes a look at what has been achieved and what is yet to come.

Back in 2011, “startup” was not even much of a concept in Bulgaria and to speak of an ecosystem would have been quite a stretch. Now, as the country is preparing to host some of the biggest industry events in the region – such as CEEDS by Webitor DigitalK – founders from as far as India and South Africa are applying to the local accelerator, while the neighboring countries are just warming up to the concept. So what was it that turned Bulgaria into the startup hotspot of the Balkans, and is there enough momentum to keep that title once the JEREMIE money is all utilised by the end of 2015?

This publication has been produced with the assistance of Operational Programme „Development of the competitiveness of the Bulgarian economy” 2007-2013, co-financed by the European Union through the European Regional Development Fund. The contents of this publication are the sole responsibility of EMPOWER Capital Fund Coöperatief U.A. and can in no way be taken to reflect the position of the European Union