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The Innovative Enterprise of the Year contest turns 15!

On 16 July, the campaign for the 15th anniversary edition of the Innovative Enterprise of the Year 2019 competition was launched. Innovative Bulgarian start-ups and established enterprises can apply electronically until 15 October inclusive. Traditionally, the awards are presented personally by the President or Prime Minister of Bulgaria during the National Innovation Forum in December. This year, the awarded companies in the Competition also receive the right to use the “Excellence in Innovation” label of the Applied Research and Communications Fund. The label recognises excellence, impact and effectiveness of cutting-edge innovations developed by Bulgarian companies.

The Applied Research and Communications Fund, ARC Consulting and Enterprise Europe Network – Bulgaria, with the support of the European Commission’s Directorate General for Internal Market, Industry, Entrepreneurship and SMEs, in partnership with Applied Research and Communications magazine, have launched the Innovation Award. Ikonomika, the online portal Economic, Computer World, Kaldata.bg, the Bulgarian Science Magazine and Uspelite.BG, are seeking nominations for the 15th edition of the Innovative Enterprise of the Year 2019 competition. The initiative is open to active Bulgarian companies that have successfully developed and implemented an innovation in the last three years. The application process takes place electronically until 23:45 on 15 October 2019.

The competition aims to promote successful Bulgarian business models based on innovation and new technologies. Candidates are evaluated in categories according to a special methodology by a group of experts and a jury, according to the impact of the awarded innovations. The winners are awarded by the President or Prime Minister of the Republic of Bulgaria at the annual National Innovation Forum in early December 2019.

This year, the awarded companies in the competition will also receive the Excellence in Innovation label of the Applied Research and Communications Fund. It is granted for the use of companies that have successfully passed the evaluation by experts of the Fund and a jury of leading Bulgarian organizations within the competition.The evaluation criteria for the use of the brand include high quality and originality of innovation, impact on the national and global market, on the environment and society, efficiency of the business model.

More about the Contest

The national contest  “Innovative Enterprise of the Year” was launched in 2004. Over 100 companies have been awarded for their innovative developments. The initiative has been recognised by the European Commission as good national practice for supporting innovative development.

The awarded companies highly appreciate the benefits of their participation in the Competition.

Participation in the contest and, of course, our achievement – a special award in the Innovative Start-up category – were extremely important to us, as confirmation of the importance of what we have undertaken. As a result, we have gained recognition not only in the media, but also among colleagues in the industry and beyond. For our team, this was highly motivating – just a year after launching the business, our innovation has received recognition from experts.”

Neven Boyanov, founder of the Tinusaur Project, winner in the Innovative Startup category of the Innovative Enterprise of the Year Contest 2018.

“Being selected as a finalist of the National Innovative Enterprise of the Year Competition and winner of the Excellence in Innovation brand is an honour for Biomyc. The award has brought key contacts and recognition, thanks to which we are introducing innovative, sustainable products to the Bulgarian market faster and easier.

Atanas Enev, co-founder of Biomyc Ltd, winner of the Green Innovation category of the Innovative Enterprise of the Year 2018.

About the contest:

2018 Innovative Enterprise of the Year Contest

All editions of the Innovative Enterprise of the Year Competition

Innovation Excellence Award Ceremony, 8 February 2019.

Applied Research and Communications Fund’s Excellence in Innovation Label

The awards are given in categories according to the impact of the innovations awarded, such as:

– Market leadership (award for an innovative product that has established itself on the international market);

– Quality of life (innovation that has the potential or has led to an improvement in the quality of life of consumers);

– Green innovation (innovation in the field of sustainable and environmentally friendly development);

– Innovation Management (according to the internationally recognised IMP³rove-European Innovation Management Academy criteria);

– Social innovation (new product, service or model that responds to social needs and creates new social relations);

– Innovation in creative industries (innovation through design, digital games, architecture and urban design, film and music industry);

– Innovative start-ups (up to three years after its creation);

– Innovation for Talent Development (initiatives to support the development of human resources, young talent and entrepreneurs).

For more information, contact us at: innoaward(at)online.bg, tel: 02/ 9733000 (c. 437, 433).

For media relations, please write to e-mail: maya.tsaneva(at)online.bg