Entrepreneurship and innovation are the driving forces behind economic growth, job creation, and social progress. For countries looking to accelerate their development and compete on the global stage, fostering a culture of entrepreneurship and innovation is critical. One way to achieve this goal is through the creation of a sustainable spin-off ecosystem, which supports the commercialization of research and development (R&D) outcomes from science universities or existing corporations.

To this end, the Spinoff Bulgaria initiative was launched, with the goal of creating and implementing a sustainable spin-off ecosystem and culture in Bulgaria and Europe by 2030. The initiative aims to achieve this goal by bringing together national stakeholders with international partners to showcase best practices, insights, and funding opportunities for spin-off companies. The ultimate objective is to create 100 new technological startups that originate from science universities or existing corporations by 2030.

The Spinoff Bulgaria initiative is a collaboration between the Health and Life Sciences Cluster Bulgaria, the Artificial Intelligence Cluster Bulgaria, Venrize, and the ISTEB organization. These organizations bring together expertise and resources in the fields of health and life sciences, artificial intelligence, and emerging information and communication technologies, creating a dynamic and diverse ecosystem that is well-positioned to support spin-off companies.

To achieve its goals, the Spinoff Bulgaria initiative will hold an international conference in June 2023, which will provide a platform for stakeholders to exchange ideas, network, and explore opportunities for collaboration. The conference will feature content designed to encourage companies to collaborate more closely with universities and leverage existing scientific infrastructure, including the formation of consortia. Additionally, attendees will have the opportunity to learn about best practices, funding opportunities, and insights from universities, investors, governments, corporates, and relevant industry experts.

In conclusion, the Spinoff Bulgaria initiative is a promising step towards creating a sustainable spin-off ecosystem and culture in Bulgaria and Europe. By connecting national stakeholders with international partners, showcasing best practices, insights, and funding opportunities, and creating a platform for collaboration and exchange of ideas, the initiative aims to foster entrepreneurship and innovation, creating new opportunities for economic growth, job creation, and social progress. Save the date for June 2023 and join us in this exciting journey towards a brighter future.