ARC FUND

Innovation and business

ARC Fund coordinates, through its subsidiary ARC Consulting, the Enterprise Europe Network for Bulgaria. The Network supports SMEs to improve their positions on the international market. EEN-Bulgaria further advises businesses, research and industry organizations on the Framework Programs of the EU, including the European Innovation Council, facilitates the establishment of international partnerships, enhances the SMEs’ capacity to manage their innovative processes, to transform digital or sustainable, and introduce resilient business models. The target group of EEN-Bulgaria includes SMEs with high potential for growth or development of innovation. The services are open to enterprises from all sectors of economic activity. The portfolio of services includes access to finance, partner search, sustainability consulting, digital transformation, introduction of sustainable business models.

Awarded Innovative Bulgarian Companies and Finalists in the Innovative Enterprise of the Year Contest 2023

The national "Innovative Enterprise of the Year" contest has been recognized by the European Commission as the best national practice for promoting innovative business development. The Excellence in Innovation label of the Applied Research and Communications Fund is granted annually to the finalists in the national Innovative Enterprise of the Year Contest. The label recognises excellence, impact and effectiveness of cutting-edge innovations developed by Bulgarian enterprises.

Nineteenth National Innovation Forum

The nineteenth edition of the National Innovation Forum "Innovation and Sustainable Growth" and the Award Ceremony of the National Innovative Enterprise of the Year Competition, held on December 19, 2023, brought together the most prominent representatives of the innovation community in the country.

Innovation.bg 2023

The Innovation.bg report provides an annual assessment of the innovation potential of the Bulgarian economy and the state and development opportunities of the Bulgarian innovation system. It contains recommendations for improving public policy on innovation in Bulgaria and in the EU, drawing on the latest theoretical and empirical research and taking into account the specific economic, political, cultural and institutional framework in which the country’s innovation system develops. Bulgaria registered the most serious improvement of its innovation performance on a one-year basis within the...

Nineteenth edition

Until 15 October 2023, Bulgarian companies that have successfully developed and implemented an innovation over the last 3 years had the opportunity to apply for the 2023 Innovative Enterprise of the Year Contest. The organizers of the Contest are the Applied Research and Communications Fund, ARC Consulting and Enterprise Europe Network – Bulgaria, with the support of the Directorate General for Internal Market, Industry, Entrepreneurship and SMEs of the European Commission and Sofia Tech Park, with the support of BAIT – Bulgarian Information Technology Association, BESCO –...

Digitization of small and medium enterprises

In a large-scale European survey, organized and conducted by experts of the Applied Research and Communication Found, regarding the level of digital maturity and the need for innovative training of manufacturing small and medium-sized enterprises, the main challenges to the introduction of digital technologies were highlighted, among which are: Lack of clear and correctly identified priorities at the European level regarding the real needs of the business; Shortage of highly qualified workforce; Underestimated amount of investments in the construction of “smart” factories; Lack of...

Laboratory for “wind” ideas

In June, the first expert discussion within the framework of the “Wind” Ideas Lab: Just and effective development of wind energy in North-East Bulgaria” (within JustWind4All) was held. The topic was specifically dedicated to spatial planning approaches for wind development acceleration zones. The meeting was attended by representatives of municipalities in Bulgaria and leading wind associations and investors, as well as individual independent researchers. In the course of the discussion, a two-stage approach to mapping and identifying Renewable Energy Accelerated Zones was...

New methodology for evaluation of the Operational Plan of the National Strategy for Development of Scientific Research

In the last months, representatives of the Ministry of Education and Science (MoES) and experts from ARC Fund have collected and analysed good European and international practices for monitoring and evaluation of public policies and programs. On the basis of a developed list of strategic, programme and other related documents at national, regional and sectoral level, indicators and metrics have been identified against which research policy assessments have been established. As a result of the good practices, a new methodology was developed to evaluate the implementation of the Operational...

Training on Japanese business culture and traditions

The “Get ready for Japan” training will take place onsite again after a break due to the pandemic. The event has a long history, dating back to 1987. During this period, the initiative has provided over 600 European companies with knowledge of Japanese cultural values and the opportunity to experience the formula for success in the Japanese market. In 2023, the two-week programme will take place from 15 to 26 May in Tokyo, Japan. The training is designed for SMEs, with a focus on business management, successful business practices and negotiation styles with local businesses. It...

Ministry of Education and Science and ARC Fund update the Operational Plan of the National Strategy for Development of Scientific Research

Research and innovation have an essential role to play in creating and sustaining an inclusive, competitive and resilient Europe, by increasing the sustainability of manufacturing sectors, making the economy more competitive and increasing cooperation between science, government and business. As a result of COVID-19 and the war in Ukraine, Bulgaria is facing medium to long-term labour shortages, as well as a lack of necessary skills and competences among its human capital, caused by an ageing population and high level of emigration. The wide spreading demographic crisis is a key challenge...